- Loser: Construction companies
Although some repair construction companies might benefit, "delaying projects is definitely going to have a (negative) financial impact," explained Brigham Yen, a realtor and broker who writes an industry blog called DTLA Rising.
- Winner: Professional cleanup services
Natural disasters are a big business for companies such as Servpro. Professional cleanup services are still reaping the benefits of disasters like Hurricane Joaquin.
- Loser and winners: Farmers
Some farmers in California are likely to see some drought relief — especially in the San Joaquin Valley — but that much-needed water isn't likely to fall everywhere it's needed. "The big question is whether the rainfall from El Nino will actually make it up to the northern part," says Hiatt. Most of California's produce is farmed in the north.
Moreover, much of the southern United States, which is expected to get more rain as a result of El Nino, has already been hit by flooding this year, sometimes more than once. That's especially true of farmland in Texas.
That said, California is responsible for almost half of all the fruit, nuts and vegetables grown in the United States, so any relief there is welcomed.