Naked Capitalism Link of the Day

Today's link: US farmers fear the return of the Dust Bowl, from the Telegraph.  Another gloomy story about the decline of the Ogallala Aquifer:

'It was a booming town when I grew up,' Judy Shipman, who manages the bank, says. 'We had three restaurants, a grocery, a plumber, an electrician, a building contractor, a doctor. We had so much fun, growing up.' Like all the townsfolk, she knows why the fun has gone. 'It's the decline in the water level,' she says. 'In the 1950s a lot of wells were drilled, and the water went down. Now you can't farm the land.'

Those wells were drilled into a geological phenomenon called the Ogallala Aquifer. It is an underground lake of pristine water formed between two and six million years ago, in the Pliocene age, when the tectonic shifts that pushed the Rocky Mountains skywards were still active. The water was trapped below the new surface crust that would become the semi-arid soil of the Plains, dry and dusty. It stretches all the way down the eastern slope of the Rockies from the badlands of South Dakota to the Texas Panhandle. It does not replenish.

Happy is the canary in the coalmine because the Ogallala is deepest in the north, as much as 300ft in the more fertile country of Nebraska and Kansas. In the south, through the panhandle and over the border to New Mexico, it is 50-100ft. And around Happy, 75 miles south of Amarillo, it is now 0-50ft. The farms have been handed over to the government's Conservation Reserve Programme (CRP) to lie fallow in exchange for grants: farmers' welfare, although they hate to think of it like that.

The whole thing is worth a read. T. Boone Pickens shows up to buy water from farmers.  Timothy Egan, in his book The Worst Hard Time, addressed turning to irrigation, really water mining, after the Dust Bowl.  He pretty much described it as people not learning the right lessons from a disaster.  Now the chickens are coming home to roost.