Market-based program would encourage farmers to buy, sell local groundwater

“A local water district is developing a novel, market-based groundwater trading program that, if successful, could be expanded or copied to help Central Valley farmers cope with new state restrictions against over-pumping the region’s aquifers.

The Rosedale-Rio Bravo Water Storage District’s pilot program, set for testing later this summer or early fall, would allow certain landowners to buy or sell groundwater to or from another property owner within the district. … ”

Read more from Bakersfield.com here: Market-based program would encourage farmers to buy, sell local groundwater