4 ms·
To avoid having to directly pay out to the owners of the property the state can lease the water rights back to the farmers. This way everyone’s unhappy but we e
by bnjms 5y ago
To avoid having to directly pay out to the owners of the property the state can lease the water rights back to the farmers. This way everyone’s unhappy but we escape the status quo and aging farmers could live off the water rights.
- bradleyjg 5y agoI see. You use the time value of money to reduce the total cost by giving back the near term years and only “really” buying from x years out. Clever!