The effects of the Sustainable Groundwater Management Act (SGMA) on farmland with zero access to surface water were recently highlighted in AG Alert, which shared facts and insights from landowners across the Central Valley. The article discussed how SGMA has impacted the value of their properties and the yields of their crops. "In 2014, when SGMA was adopted, the value of farmland without reliable surface water access began to decline. But within the past several months, those values have plummeted, according to appraisers, realtors and county assessors." https://lnkd.in/gtg43qTt
One only has to look at the 1990 court ruling against water diversion for agriculture to realize what has happened.
Semi Retired
2moThe final “consolidation” of central valley agriculture… Great if you are a hedge fund, sad if your were part of a family that ran out of equity…