Who owns the Kern Water Bank?
With the bank in hand, the Kern County Water Agency signed a joint powers agreement in 1995 with four other local water districts and one private water company. The agreement divided up the ownership of the water bank, with the largest share, about 48%, going to Westside Mutual Water, a subsidiary of Paramount Farming.
Why is Kern County so well suited for water banking projects?
When it comes to water banking, nobody does it better than Kern County. Because of it’s unique geographical and geological make-up, Kern County has the ability to s tore water in the underground during wet years, for use during dry years.
Who controls 58 of the Kern Water Bank?
Environmental attorney Tony Rossmann states in the film that they control 58% of the Kern Water Bank, which was developed in the 1980s and serves the region as one of the world’s largest water banking reservoirs. “So it was really a gift from the people of California to Stewart Resnick,” Rossman says.
What is the largest source of water used in Kern County?
groundwater
While surface water supplies are critical to Kern County, groundwater is the largest single source of water in Kern County.
Who is the richest farmer in California?
Stewart Allen Resnick (born December 24, 1936) is an American billionaire businessman and philanthropist. In 2018, Resnick was the wealthiest farmer in the United States. Resnick bought The Franklin Mint in 1986 and sold it in 2006. Since 1979 Resnick has been the chairman and president of The Wonderful Company.
Who is the largest farmer in California?
Stewart and Lynda Resnick (190,000 acres) Stewart and Lynda Resnick have a net worth of $7.1 billion, according to Forbes. In 1978, Stewart purchased his first farmland in California to hedge against inflation.
What is water banking in California?
California is in some serious trouble as a result of continued drought conditions and is looking to bail itself out through the creation of a water banking system. In California, this would mean buying water from owners in the northern part of the state and transferring it to water-starved areas in the south.
What does water bank mean?
Water banking is the practice of forgoing water deliveries during certain periods, and “banking” either the right to use the forgone water in the future, or saving it for someone else to use in exchange for a fee or delivery in kind.
Where does Kern County get their water from?
Water sources in Kern County
| Source | Percent |
|---|---|
| State Water Project (California Aqueduct) | 26% |
| Federal (CVP) (Friant-Kern Canal) | 12% |
| Local Streams and Other Sources (Poso Creek, etc.) | 6% |
| Groundwater | 36% |
Where does Bakersfield get its drinking water?
Bakersfield gets their water from two major resources: the Kern River and groundwater.
Who owns most of the farms in California?
The great majority of California farms and ranches continue to be owned by individuals, families or partnerships. The 2017 census said more than 74 percent of the state’s farms and ranches were owned by individuals or families, and more than 11 percent by partnerships.