Woolf Farming Company, a private family business of agriculture in the Central Valley of California, found his business threatened by a shortage of water, due to a combination of drought, poor quality of well water and the lack of surface water from the federal imposed pumping restrictions. Wolfe was crops for more than 30 years, but this was the first time when they are suffering water shortages so severe that the culture had to be abandoned in the field. Even if there was a short-term relief in the form of increased release of water from the government was concerned about the reliability of Wolfe water and the need for additional infrastructure for long-term water security in the region. If you are sure that the water problem is solved, Wolfe must act fast to buy more land, which is now available at below market prices. However, some board members questioned the logic of additional investment in the region, whose resources were so vague, and asked whether it was more appropriate to continue to grow in other places. At the same time, some of the owners of Wolf began to believe that more resources should be a priority of the company for dividends and other distributions as compared to the growth of clean. What, if anything, can Woolf and other farmers do to affect the outcome? "Hide
by David E. Bell, Laura Winig, Mary Shelman Source: Harvard Business School 30 pages. Publication Date: December 08, 2009. Prod. #: 510033-PDF-ENG
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