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Agriculture, petroleum extraction, and refinement industries are a major part of Bakersfield's economy. The city is also home to the largest carrot-producing operation in the world: Grimmway Farms and Bolthouse Farms, and one of the nation's largest and oldest farming co-ops was founded in Bakersfield (1927): the California Cotton Cooperative Association (CalCot). Other crops harvested in Bakersfield include table grapes, almonds, pistachios, citrus fruits, wheat, garlic, and potatoes.
The Kern River Oil Field was uncovered in 1899, at the Discovery Well. The oilfield is still active today, and it is one of the nation's highest yielding fields. Other local oil fields include the Midway-Sunset field, the former Naval Petroleum Reserve at Elk Hills, the Kern Front field, and the Belridge field.
The median income was $39,982, while it was $45,556 among families.
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