California
Super Star Member
- Joined
- Jan 22, 2004
- Messages
- 14,997
- Location
- An hour north of San Francisco
- Tractor
- Yanmar YM240 Yanmar YM186D
Really. Here in California's Central Valley there are Almond orchards going in everywhere. Almonds are one of the most water intensive crops since they are watered here by flood irrigation.I blame it on Almonds.
Why Almonds in an arid region where it doesn't rain from Easter to at least Halloween?
Because planting almonds and flooding them preserves the grandfathered 'all the water you can take' water rights where they are planted. The almonds are planted by big corporations as a play on those water rights increasing in value over time, increasing faster than anything else the corporation can think to invest in.
Re sand - well not sand, but quarrying for crushed rock that will be used for cement: 30 years ago I worked on a study to determine if the few large paving contractors who own quarries had a natural monopoly on raw materials, sufficient to squeeze smaller contractors who had to buy materials from them in order to bid a job against them. We didn't find evidence that this was the case so nothing came of it. But I did learn that because California is now so built up, there are few locations where new large scale quarrying can begin, and those traditional quarry owners do have a valuable asset that will increase in value over time - so investing in stocks of the quarry-owning corporations can be a profitable speculative investment.