Some difficulties in setting up water markets

Water markets – willing buyers and willing sellers, to get water moved from places with a lot to places that need it really bad – are a hot topic of conversation right now, what with California’s big drought and all. Brian Devine at the University of Colorado has a nice post up this week explaining …

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Corn, cotton, hay, rice all down: how California farmers are responding to drought

California farmers by now have a pretty clear picture of what their water supply situation is going to be this year, whether it’s reservoir and irrigation system surface delivery, or groundwater pumping. The U.S. Department of Agriculture today released projected acreage for the state’s major field crops (pdf) that reflects farmers’ resulting choices: corn: 430,000 …

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Exaggerated Impacts of Unrealistic Water Shortages

A guest post of sorts* from a group of prominent economists here in the western United States questioning the findings in a widely quoted report (pdf here) by a group from Arizona State about the potential economic impact if the Colorado River went dry: *********** A January 14th article in the Wall Street Journal reported …

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The economics of California’s drought

Jeff Michael at the University of the Pacific’s Center for Business and Policy Research summarizes data on economic recovery in California suggesting that the impact of the drought has not, at least to date, been as significant as some might suggest: Focusing just on the Central Valley, there is a geographical pattern from north to south. …

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Agricultural land, drought and taxes

The New Mexico legislature is considering a bill this year that would make it easier for farmers to maintain their “agricultural” designation, for property tax purposes, during drought. This is important for preservation of rural agricultural ways of life, because ag land taxes are cheaper than land otherwise labeled (“residential”, for example). For this reason, …

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In Brazil’s drought, compensating the poor

OtPR the other day suggested compensation as drought mitigation: If the goal is drought resilience, we could use money instead of water to keep farm communities intact until a wet year.  If it is important that farm workers in Mendota live decent lives during droughts, we don’t have to find non-existent water for their employers’ farms.  We …

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Megadrought paper: message received, now what do we do?

The new paper by Ben Cook and colleagues clarifying our understanding the risk of megadrought in the southwestern United States has rightly gotten a lot of attention. Combining paleo records and modeling of a changing climate under rising greenhouse gas scenarios, Cook and his colleagues have created some scary reading: [F]uture drought risk will likely …

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