Drought Means Big Money For Some Water Sellers - NBC Bay Area
Bay Area Drought Watch

Bay Area Drought Watch

Coverage of California's looming water problem

Drought Means Big Money For Some Water Sellers

Available groundwater can be sold for big money.



    Drought Means Big Money For Some Water Sellers
    Getty Images
    Groundwater sales in the Central Valley are expected to be very lucrative... for those with the extra water.

    It's a great time to be a seller of water.

    As California's drought enters its third summer, some Central Valley farmers and ranchers lucky enough to have groundwater to sell are raking in epic profits, according to KQED.

    Some 60 billion gallons of groundwater could be sold via the practice that's called "groundwater mining," the news source reported.

    Mining sees some farmers sell off their water to other, in-need farmers.

    Water transferring is the only way some irrigation districts have been able to avoid tearing up valuable fruit and almond trees for lack of money, the radio station reported.

    However, environmentalists as well as other farmers are worried: the water table is limited and already overtaxed, so selling what is in the ground during a drought period could see wells drop even further.

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