May 1, 2024

VIDEO: Weekly California Water Market Report

Despite a wet winter and full reservoirs, water allocations for State Water Project (SWP) and Central Valley Project (CVP) contractors have only been increased to 40% of maximum contract amounts. As we move from the wet season into the snowmelt season, many are turning to water transfers to address the shortfall. With no significant increases expected for the 2024 water year, the market is gearing up for a busy irrigation season. Stay tuned for possible revisions in May and June.

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