Article Image for: The New Oil Calif. Farmers Want to Sell Water

Jan 25, 4:15 PM (ET)

By GARANCE BURKE

 

Because farmers get their water at subsidized rates, some of them see financial opportunity this year in selling their allotments to Los Angeles and other desperately thirsty cities across Southern California, as well as to other farms.

"It just makes dollars and sense right now," said Bruce Rolen, a third-generation farmer who grows rice, wheat and other crops in Northern California's lush Sacramento Valley.

Instead of sowing in April, Rolen plans to let 100 of his 250 acres of white rice lie fallow and sell his irrigation water on the open market, where it could fetch up to three times the normal price.

 

If you think the Corporatization of Oil has been bad for America.......

FRESNO, Calif. (AP) - With water becoming increasingly precious in California, a rising number of farmers figure they can make more money by selling their water than by actually growing something.