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Strategies & Market Trends : Value Investing
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To: Frank Sully who wrote (68156)7/23/2021 12:00:53 AM
From: Spekulatius1 Recommendation

Recommended By
petal

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The problem with Pistachios are any durable crop is that they are just one bad drought from a wipeout. California has a prioritization system for water usage and farming get s a great share of the total available water, but if there is a severe drought curtailment could hit BWEL and if you have perennial crops, they could die and wouldn’t bear crops for many years until replanted.

I think California came a couple times close to turning or water to farms, but so far it hasn’t happened yet, but at some point it will. That’s one thing with water rights, there are more rights than real water and there is a priority stack that may lead to a situation where you have a “right” but not water regardless.
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