Virginia investor spends big on Kern farmland with access to banked water
In a sizable series of transactions that speaks to looming uncertainties in local ag, a Wasco farming family recently sold 2,400 acres in west Bakersfield — and with them, options to buy 45,000 acre-feet of water banked by the Semitropic Water Storage District — to a Virginia-based investment company drawn to California farmland.