Water market could spell higher costs for local agencies
A recent webinar on trading of guaranteed future water prices on the stock market showed the potential to drive up the price tag of water for public agencies. During a Feb. 2 California Department of Food and Agriculture (CDFA) virtual meeting, water stock market advocates were clear that prices would rise. However, they stated that it would be a good thing, because water has been undervalued and therefore wasted. Their approach would encourage more efficient use of water, they told the CDFA board.