Re:World's Largest Water Diversion Plan Won't Quench China's...
by Retric on Monday December 11, 2017 @07:04AM
(#15896526)
Depends on the implication. If you supplied the same water in the same way then allowed resale farmers would strictly be better off. (Ignoring graft.)
The water shortage will not take hundreds of millions of farmers to equalize. Price rises by 0.01 cents per gallon and many farmers will will become more water efficient while selling freed up water on the open market. This, assuming some water vs trade off, would also raise food prices giving more money to farmers who do nothing differently.
The poor and everyone else would get higher food prices, but access to more reliable sources of water.
The water shortage will not take hundreds of millions of farmers to equalize. Price rises by 0.01 cents per gallon and many farmers will will become more water efficient while selling freed up water on the open market. This, assuming some water vs trade off, would also raise food prices giving more money to farmers who do nothing differently.
The poor and everyone else would get higher food prices, but access to more reliable sources of water.