Parched Texas growing season looms as US, Mexico spar over water treaty [Reuters]
Graham Holdings Company (GHC)
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Source: Reuters
over a decades-old water treaty that supplies U.S. farmers with critical irrigation. The neighboring countries have tussled over the 1944 treaty before, but the current drought-driven water shortages are the most severe in nearly 30 years and add to existing political tensions over genetically modified corn Under the treaty designed to allocate shared water resources, Mexico is required to send 1.75 million acre-feet of water from the Rio Grande to the U.S. over a five-year cycle. Now in year four, Mexico has sent only about 30% of its expected deliveries, the lowest amount at this point of any four- or five-year cycles since 1992, according to data from the International Boundary and Water Commission (IBWC), which oversees the treaty. The last sugar mill in Texas has shut down due to the lack of water, at a time of low U.S. supplies and high prices for the sweetener. "This water is impacting not only the farmers, but it's impacting the employment of citizens within our comm
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GHC
Sec Filings
- 5/1/24 - Form 8-K
- 5/1/24 - Form 10-Q
- 4/2/24 - Form 4/A
- GHC's page on the SEC website