Without Enough Water to Go Around, Farmers in California Are Exhausting Aquifers

Re:Without Enough Water to Go Around, Farmers in California ... by bnjms on Saturday July 24, 2021 @11:15AM (#27941617)

Eminent domain followed by an automatic lease for the value of the rights over whatever period these things are valued at? Would that work?

Farmers could quit farming and sell their rights by the year.

[ Parent | on HN ]

Re:Without Enough Water to Go Around, Farmers in California ... by bradleyjg on Saturday July 24, 2021 @11:18AM (#27941633)

I don’t follow the automatic lease part of your proposal, sorry.

[ Parent | on HN ]

Re:Without Enough Water to Go Around, Farmers in California ... by bnjms on Saturday July 24, 2021 @11:33AM (#27941771)

To avoid having to directly pay out to the owners of the property the state can lease the water rights back to the farmers. This way everyone’s unhappy but we escape the status quo and aging farmers could live off the water rights.

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Re:Without Enough Water to Go Around, Farmers in California ... by bradleyjg on Saturday July 24, 2021 @11:36AM (#27941797)

I see. You use the time value of money to reduce the total cost by giving back the near term years and only “really” buying from x years out. Clever!

[ Parent | on HN ]