Bamboozling The Bamboozlers
Calfionia’s governor, Gavin Newsom has declared 41 of Calfionia’s 58 counties under a drought emergency. This has sparked a unique transition in farmers' traditional method of working, from producing water intensive almonds to drought tolerable megawatts.
Farmers have begun purchasing water future contracts, an agreement to buy or sell an asset, like water, at a specific time in the future at an agreed-upon price. One could imagine what would happen if a farmer secured a low rate for water during a dry hydrological condition, thus allowing them to produce a surplus of crops- inevitably affecting the supply chain and price of a given crop.
Critic: ETH Zurich, Arno Brandlhuber Midterm I: Video A, Video B
Calfionia’s governor, Gavin Newsom has declared 41 of Calfionia’s 58 counties under a drought emergency. This has sparked a unique transition in farmers' traditional method of working, from producing water intensive almonds to drought tolerable megawatts.
Farmers have begun purchasing water future contracts, an agreement to buy or sell an asset, like water, at a specific time in the future at an agreed-upon price. One could imagine what would happen if a farmer secured a low rate for water during a dry hydrological condition, thus allowing them to produce a surplus of crops- inevitably affecting the supply chain and price of a given crop.
Critic: ETH Zurich, Arno Brandlhuber Midterm I: Video A, Video B
