Is groundwater trading the future of California water?
A summit in Fresno last week was upbeat on a dour topic: the megadrought of the American West. … At the meeting, a new vision of water in the valley emerged. … By expanding the supply of water that can be bought and sold, the Valley’s agricultural economy could defy climate change and drought, and grow by $1 billion dollars by 2040, instead of the alternative – a $4 to 6 billion shrinkage over the same time span if water trading isn’t utilized. To get more groundwater trading done between farms, and from agriculture to cities, the state needs a new water rights system, said Karla Nemeth, director of the California Department of Water Resources.
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