In dry California, water fetching record prices

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California Drought Water Sales
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California Drought Water Sales
FILE - In this May 1, 2014 file photo, fourth-generation rice farmer Josh Sheppard walks across the dried-up ditch at his rice farm in Richvale, Calif. Throughout California�s dry interior, those with water to spare are cashing in on the drought. As a third dry summer forces farmers to fallow fields and lay off workers, three water districts in the state�s agricultural heartland are making millions of dollars by auctioning off their private, underground caches to the highest bidders. (AP Photo/Jae C. Hong, File)