ERA Economics

California cannabis businesses have had to face challenging market conditions, but there are strong opportunities for the market to succeed going forward. What are the important factors to consider as California’s cannabis industry continues to evolve? ERA Economics partnered with the Department of Cannabis Control to assess market conditions and the industry's outlook.

Fun Fact: The average retail price of milk in our area is $4.92/gallon today. That milk likely comes from California dairies, many of which are adopting climate-smart practices like anaerobic digesters. How is California’s dairy industry changing over time? Are anerobic digesters causing industry consolidation? Do emissions leak to other states as California changes dairy regulations? We just published an economic analysis of California dairy costs, trends, GHG management, and industry consolidation. It also evaluates the economic and emissions leakage impacts of scenarios for changes to methane crediting and increasing direct methane regulations. ?? Learn more in our new blog post! ?? To read more about our findings and a link to the full analysis, visit https://lnkd.in/g9kcWFCG #CADairy #DairyPolicy #AgriculturalEconomics #MethaneRegulation #ClimateEconomics #CaliforniaCattleCouncil Dairy Cares

Today ERA’s Tori Laird, a 2024 NGIN Ag Ambassador , is presenting?at the FAO World Food Forum. She’s addressing the interdependence of our agrifood systems and contributing to innovative solutions for the challenges in water and agriculture. We’re incredibly proud of her efforts to bridge local and global perspectives in improving agriculture and water management. ?????? #SustainableAgriculture #WaterManagement #GlobalFoodSystems #AgricultureInnovation

We'll be attending the GRA: Groundwater Resources Association of California 7th Annual Western Groundwater Congress!

How do we evaluate/inform policy for water and ag industries? Join us at the California Water and Environmental Modeling Forum annual meeting this week to hear about some of our work on improving economic tools to support our ag and water industries!?Brooks Ronspies and?Duncan MacEwan will present work on:?the economics of groundwater demand management under #SGMA, and a new tool for evaluating groundwater allocations, markets, and trading. Come say hi to folks including?Richard Howitt and?Stephen Hatchett at the conference!

We talk a lot about water, but other pressures also affect the sustainability of our agricultural industries. Like pests. Did you know that California is experiencing a widespread fruit fly outbreak, a new invasive beetle was found in SJV nuts, and INSV and Pythium wilt have been impacting our lettuce crops? California is developing its Sustainable Pest Management (SPM) framework as the next iteration of Integrated Pest Management (IPM), which targets removal of certain priority pesticides but also seeks to “reduce economic risk” to growers and “activate new markets to drive SPM.” What are the economic implications of these changes? Join us on Monday at the 2024 Western Agricultural Economics Association to hear ERA’s Jarrett Hart present the results of our study, joint work with Amrith (Ami) Gunasekara, of the components of SPM, California’s registration timeline for new pest products, and implications for R&D investment decisions for bringing alternative pest management solutions to market. Don't miss out—it'll be a great presentation and session!

Our team attended and presented at the engaging Water Education Foundation event “Towards Sustainable Groundwater in Agriculture.” The conference covered a range of pressing issues in groundwater management from governance to recharge and program design for demand management, highlighting the importance of balancing agricultural productivity with long-term groundwater sustainability, and illustrating case studies and best practices in California and across the world. Monday’s demand management workshop led by Isaya Kisekka, Jeff Davids, and Steven Ostoja at the event covered strategies and practices to effectively manage water demand in agriculture, particularly in the context of sustainable groundwater use. The session with Dave Ceppos, Stephanie Anagnoson, and ERA's own Duncan MacEwan highlighted practical issues in program design, outreach, and incentives. Key to the different demand management strategies are the associated costs and incentives to encourage participation! The track sessions covered a range of topics including the importance of accurate water measurement, Land IQ, OpenET, and practical case studies for demand management. ERA’s Duncan MacEwan presented joint work with Vicki Kretsinger Grabert (LSCE), Cab Esposito, Brendan McGovern, Richael Young and Jamison Crosby on “Innovative Approaches and Incentives for Cost-Effective Demand Management in the Napa Valley.” This highlighted Napa Valley Subbasin work with stakeholders on the suite of tools being employed in the region to manage demands on groundwater. These include increased use of water measurement and monitoring technology, new irrigation practices, benchmarking, and a suite of potential incentives. More to come!