One farmer in California’s central valley is planning on selling his 14,000 acre-feet of water per year to the Mojave Water Agency in San Bernardino County for $5,500 per acre-foot, reports the Hanford-Sentinel. That pencils out to $77 million. According to the article, the water bought from the farmer will likely be used for urban development. One acre-foot can supply a typical home for one year. There is concern that this will become a common pattern in California, as water becomes a more valuable commodity than crops. Source: Hanford-Sentinel