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Underground Water in Texas: Plan to Export is Challenged

Rancher Jeff Williams walks in his rice field near Ft. Stockton, Texas. (Lorne Matalon)

Farmers and ranchers who have been battling the drought for years have found themselves sitting on an increasingly valuable resource - their own underground water.

Now, a case over water rights that will resonate across the southwest is before the courts in Texas.

At stake: can ranchers and farmers export their water, domestically or abroad, while the U.S. suffers through some of the driest times on record?