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Recent California Water News

 

Water Rules/Land Values

Aug 07, 2018

New water rules hurting ag land prices:  “Groundwater sustainability agencies (GSAs) in Tulare, Fresno, Kings and Kern counties have until 2020 to develop plans for long-term viability of their regions’ supplies.  In other California counties where state officials deem the groundwater overdraft problem less critical, their GSAs will have until 2022 to finalize their plans.  Once those plans are done, the various groups will have 20 years to implement them, with a common goal of halting in their areas the overdraft of groundwater.  The law requiring these plans, the Sustainable Groundwater Management Act (SGMA), already is having a big effect on prices for agricultural land, particularly in the areas from Madera County down to Kern county, where some of the most severe over drafting in the state commonly occurs. ... ”  Read more from The Business Journal here:  New water rules hurting ag land prices

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