12- All the land in a Califoinia valley is owned by one person. The supply of land is xed and is rented each year to farmers who bid for it in an open auction. Given the ren1s they must pay, the farmers barely earn subsistence. Sympathy for the poor farmers leads the state to bring in irrigation facilities to raise the productivity of the farms and raise the farmers' income. Will this policy succeed to improve farmer's standard of living