My Comments: OK, I didn’t know we had a water advantage. I was aware we had an advantage in natural gas that is probably going to make us energy independent within the next decade. I am aware that as a middle class emerges around the world, that the flow of food in coming years is going to create huge opportunities for investment.

Tuesday, October 9, 2012 at 12:42PM (an item from the WSJ)

America is sending over huge amounts of alfalfa to China. Alfalfa is a VERY water-intensive crop. China uses it to feed their cattle which produce beef and dairy products.

Point of the article: why not send beef and dairy to China instead and reap the better profit margin for our valuable water?

That’s how New Zealand does it. Its highest-value export is powdered milk, notes the authors of the piece.

The culprit? America’s antiquated and byzantine water-regulation practices – especially in the West.