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For example, this water thing, it's a regulation problem. | |
As an example, I will tell you in Madera County, they have what's called the Eastside Bypass. | |
It's a flood control measure. | |
When too much water comes down out of the mountains, this bypass takes the water out so that it doesn't flood the towns. | |
Do you know that the farmers can't touch that water? | |
Why not? | |
Because the state board will only allow you to take water if they approve your permit. | |
It's going to cost you $6,000 to apply. | |
It takes you 8 to 10 months to get an answer back. | |
But the rain is already gone. | |
It's gone. | |
What farmers are doing today is they're putting pumps in the bypass and they're taking the water because it's what needs to happen. | |
Now, they're not getting credit. | |
So, you know, we talked about the penalties. | |
You're going to charge $500 an acre foot. | |
It costs between $2,000 and $3,000 a day just in diesel to run a pump. | |
They have two, three, four, five pumps going. | |
They're spending between $6,000 and $10,000 a day to do this. | |
Because they want to make sure they have the water. |