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California Now Has A Futures Market For Water. Some Farmers Are Skeptical Listen Update RequiredTo play audio, update browser or Flash plugin.
In this Sept. 23, 2013 file photo, water flows through fish diversion louvres at the John E. Skinner Delta Fish Protective Facility from the Clifton Court Forebay on its way to the Harvey O. Banks pumping plant, near Tracy, Calif.
AP Photo/Rich Pedroncelli, file
Updated Saturday, 1:25 p.m.
Investors, farmers, and Reddit users can now all hedge bets on the price of water in California thanks to the launch of the first water futures market in the country late last year. It represents a new financial outlook on water in California one driven by the market.