As of today, a futures market for California’s water can be bought and sold on the stock market. Water now joins other commodities like gold, oil, and corn. Farmers, hedge funds, and municipalities can bet on the future price of California’s water.
Trading California's future water availability on Wall Street
California’s water is now an item on the stock market, and farmers can bet on its future price. Image by Holger Schué from Pixabay
Credits
Guest:
Anneken Tappe - senior writer at CNN Business, covering financial markets and the U.S. economy
Host:
Madeleine Brand
Producers:
Sarah Sweeney,
Angie Perrin,
Michell Eloy,
Amy Ta,
Rosalie Atkinson,
Brian Hardzinski,
Nihar Patel