2012 drought in Colorado: estimates of foregone revenues, indirect and induced economic activity for the crop sector
Precipitation, whether realized as rain showers during the growing season or stored as snowmelt in reservoirs, is critical for crop and pasture production in Colorado. Drought is the persistent absence of precipitation, and this lack of moisture results in reduced yields, fewer harvested acres and less forage for livestock. Since October of 2010, extreme drought has plagued agricultural producers throughout much of Southern Colorado, and in May of 2012 the drought advanced to encompass the entire state. Agriculture is absorbing faced with economic hardship and drought impacts statewide. The ...
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