California Needs More Storms, Groundwater To Avoid Prolonged Drought, Experts Say Listen
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Sean de Guzman, chief of snow surveys for the California Department of Water Resources, measures the depth of the snowpack during the second snow survey of the season at Phillips Station near Echo Summit, Calif., Wednesday, Feb. 3, 2021.
Randall Benton / AP Photo
Northern California was walloped at the end of January by the winter’s first big storm, which poured heavy rain and loads of snow across the region. That was great for the snowpack in the Sierra, which supplies around a third of California’s water needs.
The California Board of Food and Agriculture meets in Tulare, Calif., in February 2020. The California Board of Food and Agriculture will also hear an update on COVID-19 vaccine distribution in its Tuesday meeting.
Feb 01, 2021
The California State Board of Food and Agriculture will discuss water trading and futures, with a specific focus on the Nasdaq Veles California Water Index at its upcoming meeting.
The Board will hear from water stakeholders, financial entities and businesses involved in the establishment and launch of the Index.
The meeting will be held on Tuesday, February 2, 2021 from 10:00 a.m. – 3:00 p.m. via GoToWebinar.
In addition to the water futures discussion, the Board will have an update on COVID-19 vaccine distribution for the food and agriculture sector by the California Department of Public Health.
Investors can now trade on and profit from California water - how might that work out?
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A farmworker working for Scott Seus out at dawn checking sprinkler operation on his farm in the Klamath Basin outside Tulelake, Calif., on Monday, May 18, 2020. Nowhere has Californias dry winter hit harder than the states far north, where hundreds of farmers along the Oregon border now risk having their irrigation water shut off and their crops destroyed. The Klamath Project, which ships water from the High Cascades to more than 200,000 acres of onions, potatoes, wheat and barley across two states, is running low. Water districts supplied by the project say there may not be water for farms after next month. The last time the water agencies of the Klamath Basin warned of such a dire situation, farmers marched on the gates of the project in protest and U.S. marshals were called in to keep the peace. Today, the prospect of running out of water comes as the farm-dependent region
NEWS RELEASE:
In California, the rebound will be led by tech, residential construction and logistics sector
Los Angeles (December 9, 2020) The quarterly UCLA Anderson Forecast anticipates positive economic news on the horizon.
After the COVID-19 pandemic reached the U.S., the Anderson Forecast’s March report was followed by two downward revisions, and the June and September releases charted the pandemic’s impact on the California and national economies. The December forecast offers hope of a robust recovery from the current recession, based on the assumption that mass vaccinations would clear a path toward a new, productive normalcy for many industries.