California Farmers Skip Planting, Sell Water to Desperate Cities: “We’re Afraid They’ll Just Take It”
shtfplan.com / Mac Slavo / March 19th, 2015
The water crisis in California is reaching epic proportions.
And it’s going to cost everyone, big time.
After a sustained drought, NASA has reported that the state has less than one year of water reserves remaining, with no back up plan if things go wrong.
Now, there is so much demand for water in Southern Californian cities, that many farmers are opting to sell their water rights to urban dwellers – not just at a premium, but at an unbelievable and unprecedented rate.
CBS News profiled some rice farmers with historic rights to the Yuba River who are being offered so much for water, they have decided to forego planting their crops altogether and sell the new “cash crop” – liquid gold.
The going rate has jumped from the $50 per foot acre, which many farmers have been willing to pay, to an astounding $700 per foot acre.