John Whitehead: Economists are often bad at considering the distributional impacts of policies: To the point that we often ignore issues of equity in favor of the more objective measure of efficiency. If two policies were to result in the same net benefits to society, but different distribution of those benefits within society, the efficiency-oriented …
All the cool kids seem to be buying up real estate in the Palo Verde Irrigation District. First it was the Metropolitan Water District of Southern California, which has upped its stake in the Colorado River farming valley to 22,000 acres. Now comes news that Almarai, a dairy company, bought 1,790 acres to grow food …
Continue reading ‘Note to self: invest my next $31.8 million in Palo Verde real estate’ »
In response to my cattle v. people post earlier today, Tom Swetnam asked if I had data for sheep: @jfleck I have been looking for a graph like that! Do you have sheep numbers? Multiple times cows in early decades, I think. — Tom Swetnam (@Tom_Swetnam) January 10, 2016 USDA’s data only go back …
Continue reading ‘New Mexico’s population history, now with added sheeply goodness’ »
Lauren Villagran’s story in this morning’s Albuquerque Journal about the impact of the Boxing Day blizzard on New Mexico dairies is a reminder of the single most important trend in New Mexico agriculture in the last few decades – the remarkable growth of the state’s dairy industry. Some numbers on that below, but it reminded me …
Continue reading ‘New Mexico population (cattle v. people) through history’ »
I tend to enthusiastically and often uncritically embrace every new water conservation number, as if using less water is an unqualified good. I generally believe that, and you’re going to have a hard time pushing me off that intellectual turf. But there’s a flip side I’m trying to think through. It’s what economists might call …
A very happy Thanksgiving from the Inkstain data desk:
I heard a great talk this afternoon by Laura Paskus, a journalist here in New Mexico who recently launched a climate change project under the umbrella of New Mexico in Depth, a non-profit news organization. I also made a financial contribution to support the work, and I would encourage others to do the same. Here …
Continue reading ‘Journalism, “public goods”, and climate change in New Mexico’ »
Despite drought, the value of California cropland land has risen 5.4 percent this year, according to the latest U.S. Department of Agriculture survey data. No doubt my economist friends can help me here with an explanation of what this says about how the market is pricing questions about uncertainty, water supply and risk. Looks like …
Continue reading ‘Another indicator of the resilience of California agriculture’ »
Matt Weiser takes us into the strange world of California municipal water infrastructure finance, where costs are relatively fixed and vendors are trying to sell less of their product: [M]any water agencies are feeling the strain because they had already delayed imposing rate increases for a number of years due to the drought and a …
Continue reading ‘Conservation and the municipal water finance dilemma’ »