Rancher Harold Kelly loves his horses , but he 's gone broke feeding them in the drought . He now cannot sell off horses and is wary of buyers who want to re - sell them for slaughter . One region alone in California could face $ 1 billion is ##tock losses . `` The grass is basically all gone . '' ` ` Now we have to live with a very serious drought of uncertain duration , '' governor says .
Rancher Harold Kelly loves his horses , but he 's gone broke feeding them in the drought . He now cannot sell off horses and is wary of buyers who want to re - sell them for slaughter . One region alone in California could face $ 1 billion is ##tock losses . ` ` Now we have to live with a very serious drought of uncertain duration , '' governor says .