Tag Archive for: California’s water crisis

Worsening Drought Drives California Water Prices to All-Time High

California water prices are at all-time high as a severe drought chokes off supplies to cities and farms across the Golden State.

The price of water on the Nasdaq Veles California Water Index touched $1,144.14 an acre-foot on June 27 — up 56% since the start of the year. The index tracks the average price of water-rights transactions in five markets in the state.