An interesting investment opportunity has recently emerged in an otherwise overlooked sector: water. California is in the midst of a four-year drought that has taken its supply of water down to one year according to NASA.
With a population of 39 million people and holding the title of the largest farming state in the country, California is in a state of emergency. Consider, for instance, that the state produces more food from farming than Iowa, Nebraska and Minnesota combined.
Continental Implications
This is not just a California problem; due to the size of the state's economy, the ramifications will be felt around the country. Everything from higher almond prices to the potential loss of jobs is possible. That being said, there is almost always an investment angle when a crisis occurs, and this time is no different.
An investor could consider purchasing individual stocks that manufacture and produce water conservation technologies. However, there is a ...
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