Good news: California Agriculture on Rebound in 2016

America’s No. 1 agricultural state, California, did not fare any better than the rest of nation last year with a drop of $9 billion in cash receipts, a 17 percent plunge from the previous year. The drop was not unexpected for Vernon Crowder, senior vice president of Rabobank in Fresno, Calif. However, the size did surprise him. The drought had plenty to do with the nose dive, but significant drops in dairy and nut prices also contributed. Unlike Midwest corn and soybeans, the prospects for a California turnaround are good.