March 12, 2025

VIDEO: Weekly California Water Market Report

Recent Transactions South of the Delta Average $370/AF

Last week three transactions South of the Delta (“SOD”) were approved. These transactions totaled 3,500 AF of the remaining 2024 CVP supplies with a volume-weighted average price of $370/AF. Sellers included market participants with large, reliable supplies that can be made available for spot market transactions in non-critical years. Buyers included agricultural water districts with smaller annual contract entitlements.

Upcoming transactions are expected to range between $150/AF to $225/AF for a total volume of approximately 7,700 AF. These transactions are driven by low project allocations in the SOD region and reservoirs nearing scheduled capacity limits.

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