‘93/’94 Year-End Review and Outlook : Industry Outlook : Continuing low-grade growth in the national economy, coupled with hopes for stability--if not expansion--in California, is the backdrop for the year in business. Here is an assessment of key industries’ prospects.
This report was compiled by Times staff writer Donna K.H. Walters
AGRICULTURE: Crop production is expected to increase 5% to 10%. Farm income will rise; consumer food price hikes are forecast at 2%. Export gains and ongoing demand for California produce will increase the state’s farm income. Federal plans could bedevil California farmers’ water supplies and, in turn, lead to lower yields.
