[Jonoco]

Will they be selling it at the subsidized rate California farmers are accustomed to? Farmers in Central California paid $17.00/acre-foot last year. I'll do the maths:

472.6 acre-feet X $17.00/acre-feet = $8,095.40

Not bad for 300 railcars.

[pm24601]

I doubt it --- but then again that great water rate is multiplied by 0 acre/feet; which is how many acre-feet the farmers are getting from the state.

There is no water to hand out at such cheap rates ( or any rates ).

This is the great failure of a market economy. Water is not fungible. If water is not available, there is no replacement.