Blog: Nasdaq Veles California water index
As water allocations are slashed due to low supplies, what options do farmers have? California Farm Water Coalition executive director Mike Wade says thousands of acres are likely to go fallow, but better solutions are needed. One tool that has just been created this past year is the Nasdaq Veles California Water Index. But Wade says it’s still too early to tell if this is truly going to be effective in helping growers manage their risk.