EDITED to add: while alfalfa exports to China have been increasing in recent years, we ship to several Far East countries, and the largest consumer, by a bit, is still Japan. See graph near the end of [0].
Almond trees, on the other hand, require three to four years of water before they become mature enough to produce fruit. That means, as a farmer, if I choose to plant almonds, I'm locked in for the better part of a decade before I can recoup my investment. And yet, somehow, even in the middle of the longest running and most severe drought in California history, I read reports of farmers planting new almond trees, knowing full well that those trees are going to be sucking water for three to four years before they get even a single harvest. That's how confident these farmers are that the state of California is going bail them out with multi-billion dollar public works projects. And that's why I have no sympathy for them.
I think we agree that farmers should be paying more for water in any case. Alas, the Rube Goldberg-esque legal structure that's grown up around water rights since the 1800s makes this much harder to implement than it should be -- and that is the real problem.
[0] http://gizmodo.com/seriously-stop-demonizing-almonds-1696065...
[1] http://www.theguardian.com/news/datablog/2013/jan/10/how-muc...