Third year of drought pushes price of water to $2,000 an acre foot
A sale of agricultural water within the Panoche Water District on the upper west side of the San Joaquin Valley hit the eye-popping price of $2,000 per acre foot recently. The buyer bought 668 acre feet in a deal that was brokered by Nat DiBuduo with Alliance Ag Services. … Last year, the same sellers, also unnamed, sold water for $1,648 and $1,800 per acre foot, indicating how a third year of drought is pushing up the price of water, according to the broker.