I think northern California now has so much water that in 2017, the farmers in the San Joaquin Valley will likely get 100% of their needed water allocations because it’s likely all the major dams in northern and central California will be close to completely full by April-May 2017. And that could mean record revenue from agriculture for calendar year 2017.
Don’t count on it. Jerry will order the reservoirs drained for the salmon and delta smelt. If he can’t have a drought, he is going to make one by draining the reservoirs before summer.