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Afternoon update: Westside farmer sells water for $77 million

Posted by: Maven on August 26, 2009 at 1:53 pm

From the Hanford Sentinel:

“Forget gold. In Kings County, water gets most of the attention. More specifically, it’s the prospect of losing local water rights to outside entities that gets everybody’s dander up.

That’s why the Kings County Water Commission spent a good chunk of a Monday night meeting talking about a Westside landowner who plans to sell 14,000 acre-feet of water a year to the Mojave Water Agency in San Bernardino County for $5,500 per acre-foot.

That’s $77 million of the wet stuff headed out of the county for likely urban development (an acre-foot is enough water to supply a typical home for a year, according to Wikipedia).

The tradeoff is that the unnamed landowner — a member of a Bay Area company called Sandridge Partners, based in Sunnyvale — plans to cut down 2,500 acres of his almond trees along Interstate 5 near Kettleman City. …”

Read more from the Hanford Sentinel by clicking here.

August 26, 2009 · Filed Under Agriculture, Transfers

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