January 1, 2022, will bring a new year and the start of a significant pork shortage in California says a local state economist. The state currently sources nearly 100% of their pork supply from out-of-state suppliers, magnifiying the impact of Proposition 12. Former Secretary of California Technology, Trade and Commerce Agency and economist Lon Hatamiya recently published a white paper specifically outlining the troubles that will be incurred from upcoming market access restrictions due to Proposition 12, specifically on California consumers. One example forecasted a 60% increase in bacon prices in the Los Angeles market due to a 50% reduction in available bacon supplies. Read the full story with more examples of how this will impact families and businesses in California.
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