Crazy but not "water"ed economics

To Get Water to Cities, California Farmers Paid Not to Plant - NYTimes.com: "With water increasingly scarce in the West, some other communities are allowing farmers to sell their allotment of it for whatever price they can find, in some cases thousands of dollars for the amount it takes to grow an acre of a crop. But this comes with a hitch. Working farms provide jobs and income to their many suppliers. There are 450 farmers in the Imperial Valley, but half the jobs held by the 174,000 residents are tied to agriculture.

When land is idled, the communities around the farms can wither. Residents here point to the neighboring Palo Verde Valley, where farmers can sell more than a quarter of their water supply at much higher prices in a process they control. As a result, nearly a third of the agricultural land was not farmed this year; over time, businesses and workers have suffered."

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