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Shining Light on Farm & Food Policy for 20 Years.
Saturday, January 04, 2025
Gov. Gavin Newsom on Monday declared a drought emergency in 39 additional counties and announced a new budget proposal aimed at providing drought relief.
Farm groups and irrigation districts are praising the governor’s proposal of $125 million for restoring critical fish habitat in Central Valley river systems.
Water is now being traded on the CME Group's new index, but some California water managers and market observers are less confident the futures contract will offer much benefit.