The water risks facing California: New index offers future price visibility
A new futures contract based on the Nasdaq Veles California Water Index provides longer-term visibility into the price of water, according to Roland Fumasi of RaboResearch. California is facing another dry summer in 2021, and for agricultural producers, that means a difficult growing season. … The situation has put a strain on the state’s traditionally fragile water resources, resulting in water price spikes for producers looking to sustain their crops.