Industry Trends for California Water & Ag | 12.18.20
WATER SUPPLY & DEMAND


By CRWUA 2020 Annual Meeting, 11/18/20
 
Water levels have continued to decline in reservoirs on the Colorado River that supply millions of people and farmlands across the West.
 WEATHER & CLIMATE

By USC News, 12/04/20

December typically marks the onset of winter, but you’d never know it by looking at California.

Mountain ranges lay blackened by wildfire as record heat scorched the Golden State through fall. Daytime temperatures in Los Angeles have hovered around 80 degrees through Thanksgiving. Southern California has experienced scant rain since February — with no precipitation in the forecast. And nearly all of the state is experiencing extremely dry or drought conditions again.

By Drought.gov, 12/08/20

Drought in California is a common occurrence that can last for multiple years. The regional climate is characterized by a distinct dry season (approximately May to September) and wet season (October - April) defined by a few large precipitation events. Topography within the region creates a diverse set of climate conditions, from the snowy peaks of the Sierra Nevada Range to the Mojave Desert, to the mountains and valleys of the Basin and Range. Given the extreme variability, both spatially and temporally, efficiently using and effectively managing finite water resources is a high priority. 


By Mercury News, 12/08/20

Federal scientists say that La Niña — the phenomenon where Pacific Ocean waters off South America are cooler than normal — is underway this winter.
A commonly held assumption among many Californians is that La Niña means a dry winter is coming, and in years when the opposite occurs, El Niño, a wet winter is considered more likely.

So brown lawns and water rationing are just around the corner, right?
“The reality is that’s not always true,” said Jan Null, a meteorologist with Golden Gate Weather Services in Half Moon Bay
WATER RATES & INFASTRUCTURE


By Bloomberg, 12/06/20
 
Water joined gold, oil and other commodities traded on Wall Street, highlighting worries that the life-sustaining natural resource may become scarce across more of the world.

Farmers, hedge funds and municipalities alike are now able to hedge against -- or bet on -- future water availability in California, the biggest U.S. agriculture market and world’s fifth-largest economy.

MORE:
By Entrepreneur, 12/07/20
 Farmers, hedge funds and municipalities alike are now able to hedge against -- or bet on -- future water availability in California, the biggest U.S. agriculture market and world’s fifth-largest economy.
By San Francisco Chronicle, 12/16/20
It’s not just Californians paying attention to the state’s water supply anymore. It’s Wall Street. In a sign of the growing value of water in a warming world, investors began trading futures of the coveted commodity, tied to California water prices, for the first time last week.
AG & FARMING


By Hemp Industry Daily, 12/04/20

If Congress decriminalizes cannabis regardless of THC levels as it’s considering, hemp businesses say they can look forward to easier access to banking services and advertising.

The U.S. House on Friday gave initial approval to the much-vaunted Marijuana Opportunity, Reinvestment and Expungement (MORE) Act – an extraordinary step toward federal decriminalization of cannabis. The bill is a longshot to pass the Senate, however.

Hemp businesses praised the action nonetheless, and looked to better days ahead for the industry if the measure were to become law.

By FORBES, 11/30/20

Recreational and medical cannabis use ballot victories across the political spectrum this fall show marijuana’s acceptance continues to grow among American voters. Still, politicians mostly act along party lines. Over the past few years, the democrat-lead U.S. Congress has taken up cannabis industry banking and other related legislation. The republican-controlled Senate however, has blocked any liberalization of cannabis laws. If democrats take control of the Senate by winning the two seats up for grabs in the Georgia run-off in January, expect forward movement on federal legalization of cannabis.

By HEMP GROWER. 10/23/20

As the deadline to begin operating under the 2018 Farm Bill rapidly approaches, hemp growers following their state pilot programs may soon be getting the relief they’ve been asking for.

The U.S. House of Representatives has introduced a bill (H.R. 8319) with a provision that would allow hemp growers to continue operating under their pilot programs through September of 2021, extending the interim period by nearly a year.

LINCHPIN, 10/12/20

Because hemp grows at a rate of 30 centimeters in just a few weeks it is a popular and valued plant for anyone who knows how to take advantage of the benefits that its rich harvest has to offer. Because hemp is technically a type of Cannabis sativa plant it has a history of being regulated by the government because of the psychoactive properties that it can potentially have. But times are changing, and so is the hemp industry.
SUSTAINABILITY & ENVIRONMENT


By Rainforest Alliance, 06/30/20

The need for sustainable agriculture has never been greater. By providing a practical framework for sustainable agriculture, and a targeted set of innovations, the Farm Requirements can help farmers produce better crops, adapt to climate change, increase their productivity, set goals to achieve their sustainability performance and target investments to address their greatest risks. The Farm Requirements are designed to support certificate holders to maximize the positive social, environmental, and economic impact of agriculture, while offering farmers an enhanced framework to improve their livelihoods and protect the landscapes where they live and work.
POLITICS

Prioritize people, not projects

By Brookings Institute, 12/17/20

Infrastructure investment offers one way to stimulate the economy that continues to elicit bipartisan support. Upgrading roads, ports, pipes, and other facilities can boost capital spending and create jobs now, plus support long-lasting career pathways and durable economic growth. These improvements also stretch across all types of regions, from urban to suburban to rural communities. The recent election of Joe Biden (akaAmtrak Joe”) has further raised hopes for action despite a likely divided Congress. But to truly improve the country’s infrastructure and help the most vulnerable households, federal leaders cannot simply throw more money at shiny new projects. Instead, they must invest with purpose and undo the harms of our legacy infrastructure systems. Too often, households have struggled to afford water and energy bills, to physically reach jobs, or to plug into the internet. This is no accident: Systematic disinvestment, environmental injustices, and racial and economic exclusion have led to infrastructure systems that have posed barriers to opportunity for decades.



By Circle of Blue, 12/03/20

Water enjoys support that crosses political parties. Will it be a source of bipartisan collaboration in a time of divided politics?

Shortly after the networks called the 2020 presidential race for Joe Biden, a list of four priorities appeared on the president-elect’s transition website.
Cadiz Inc.   
550 South Hope Street, Suite 2850
Los Angeles, CA 90071
(213) 271-1600

You are receiving this message as a subscriber to alerts from Cadiz Inc.
If you would like to opt out, please contact cdegener@cadizinc.com.