102 Million Trees Die In California

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Updated Published
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.
102 Million Trees Die In California

© Thinkstock

The U.S. Drought Monitor shows over 20% of California suffers from the worst classification of drought. That is down considerably from two years ago However, it is not enough to save the 62 million trees which have died in the state in 2016 or the 102 million which have died since  2010.  The trees are not an entirely appropriate proxy for the agriculture industry in the state, but are note a completely inaccurate one

According to the U.S. Forest Service,

 The U.S. Department of Agriculture (USDA) announced  that the U.S. Forest Service has identified an additional 36 million dead trees across California since its last aerial survey in May 2016. This brings the total number of dead trees since 2010 to over 102 million on 7.7 million acres of California’s drought stricken forests. In 2016 alone, 62 million trees have died, representing more than a 100 percent increase in dead trees across the state from 2015. Millions of additional trees are weakened and expected to die in the coming months and year

The Drought Monitor shows 21% of California suffers from “exceptional drought”, the highest level. When the next level of “extreme drought” is added, the number goes to over 42%

The severe effect of this does indeed extend to agriculture. The UC Davis Center for Watershed Sciences recently reported:

Net water shortages will cost about $247 million dollars in forgone gross crop revenues plus $303 million in additional pumping costs for a total of $550 million in direct costs and 1,815 jobs lost in agriculture due to drought. Region-wide effects which include sectors supporting agriculture face gross revenue losses and households lost income of an estimated $603 million and 4,700 jobs statewide.

No scientific support things will get better

 

 

Photo of Douglas A. McIntyre
About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

Continue Reading

Top Gaining Stocks

CBOE Vol: 1,568,143
PSKY Vol: 12,285,993
STX Vol: 7,378,346
ORCL Vol: 26,317,675
DDOG Vol: 6,247,779

Top Losing Stocks

LKQ
LKQ Vol: 4,367,433
CLX Vol: 13,260,523
SYK Vol: 4,519,455
MHK Vol: 1,859,865
AMGN Vol: 3,818,618