For farmers that live along the coast, desalination is a viable option for addressing water shortage concerns. This process removes salt from the water, making it fit for use on crops. Figuring out how to finance land for a new farm can be a headache when the property is in an area with water scarcity. Using desalination can help farmers gain access to water so that their farming business can remain profitable.
Desalination Is a Viable Solution for Water Shortages
Municipal resources and other sources of irrigation have dried up significantly, causing farmers to depend heavily on the groundwater in their property. If a property has little existing groundwater, prospective buyers find themselves questioning how to finance land, since lenders would consider the land high risk. Implementing desalination to convert existing sources of saltwater into freshwater for the agricultural industry minimizes this risk, making lenders more willing to lend. In areas of extreme water shortage, this can be a godsend, but it comes at a price.
Benefits of Desalination
Some of the many benefits of desalination include:
- Increased availability of potable water
- Freshwater for agriculture
- Uses a proven method
- Oceans provide an unlimited supply of water
- Helps maintain freshwater supply
Issues With Desalination
While farmers can benefit from desalination, there are downsides to the process. Some of the biggest disadvantages of desalination include:
- Energy-intensive processes
- Expensive plants
- The process can be costly
- Resulting brine can have a significant environmental impact
- Needs close proximity to a large water body for maximum efficiency
The Need is Present
Throughout the country, but especially in states like California, drought has been a major issue resulting in water shortages and lost agriculture revenues. As a result, several desalination plants have already been opened in California and throughout the US.
Take The First Step
If you are ready to start a new farm or expand your existing farm, reach out to an AgAmerica loan officer who can explain how to finance land for your next project. We will review the different financing options that are available and help you select which loan is right for you. Give us a call today!