Colorado River Waters in California and Online Grocery Sales Improve
From the Ag Information Network, I’m Bob Larson with your Agribusiness Update.
**Farmers in America’s largest growing region for winter vegetables are bracing for cuts in water supplies ahead of the 2023 growing season.
The Imperial Irrigation District, which delivers Colorado River water to farmers in the Imperial Valley, has joined other California water agencies in offering to take less water from the river from 2023 to 26.
The offer is made to protect water levels in the drought-impacted river and dangerously low Lake Mead.
**The Grocery Doppio Performance Report shows online grocery sales improved in the third quarter of 2022, albeit lower than 2021.
The report shows 13.7% of all grocery sales this year are digital, worth $87 billion, a 14.4% increase from the second quarter.
But, thanks to inflation, shoppers' basket size declined 5-6 items in the third quarter.
Grocery retailers lost $2 billion in sales due to canceled orders, and a $7.5 billion for out of stock items.
**Ag Secretary Tom Vilsack announced distressed farmers with qualifying USDA farm loans have already received nearly $800 million in assistance from the Inflation Reduction Act, with $3.1 billion available for distressed farm loan borrowers.
The legislation directed USDA to expedite assistance to distressed borrowers of direct or guaranteed loans administered by the Farm Service Agency.
