The water situation in California is dire. For several years, the state has faced water shortages and drought. Recently, California Governor Edmund G. Brown Jr. announced legislation to deal with the ongoing drought, which entails a $1 billion initiative to fund local drought relief and infrastructure projects.
According to CBS San Francisco, some rice farmers in the northern part of the state have decided that instead of planting their crops this year, they will sell their water to southern California. Twenty percent of the water that was allotted for their crops will be sold to the Los Angeles Metropolitan Water District.
Southern California is willing to pay $700 for an acre foot of water this year. An acre foot is equivalent to more than 325,000 gallons.
Via: CBS San Francisco > Some Northern California Farmers Not Planting this Year, Sell Water to Los Angeles at $700 Per Acre Foot
