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by appleflaxen 1040 days ago
It's an irrelevant distinction.

If the water went into the alfalfa and 100% of it evaporated, leaving bone-dry hay going to the middle east, then the hay is still the only remaining symbol of $13,000 worth of water you used to have, and sold for $1000.

Where the exact losses are within the industry is entirely unimportant.