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T.H.E.M.
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Worsening Drought Drives California Water Prices to All-Time High
The average spot price of water in the state is up 56% since start of the year.
By Mark Chediak
California water prices are at all-time high as a severe drought chokes off supplies to cities and farms across the Golden State.
The price of water on the Nasdaq Veles California Water Index touched $1,144.14 an acre-foot on June 27 — up 56% since the start of the year. The index tracks the average price of water-rights transactions in five markets in the state. …….More Here
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