“Give me water … I’m thirsty …” — “Chain Gang” by Sam Cooke
Most sources agree that the state is currently at its driest point in 500 years.
Hydro-economics and hydro-politics will dominate domestic and global discourse for the foreseeable future. And the size of a country’s “water footprint” will soon become as important as its carbon footprint, according to Fred Pearce, author of “When The Rivers Run Dry.”
Irrigating crops in the
Locales without continuing water sources will find property values devastated. Commodities will become more expensive to produce: corn, rice, soybeans, wheat, beef, chicken and pork will skyrocket in cost and provide investors with new challenges when considering companies that produce these goods. The first company that can master energy- and cost-efficient desalinization processes will find tremendous global demand for its product and services, but as yet, such widespread technology is not available.
It was only two short summers ago that the
Think about a domestic economy where depleted aquifers can no longer irrigate corn and cattle can’t be fed. Comparatively speaking, countries like the
Margaret R. McDowell, ChFC, AIF, a syndicated economic columnist, chartered financial consultant and accredited investment fiduciary, is the founder of Arbor Wealth Management, LLC, (850-608-6121 — www.arborwealth.net), a fee-only and fiduciary registered investment advisory firm located near Sandestin.