What are water markets? You asked, we answered! Following the 2017 Water for Food Global Conference, Mammoth Trading president and co-founder Richael Young sat down with Jamie Johansen of AgWired, a news organization specializing in agribusiness. Richael and Jamie discussed the state of informal agricultural water trading in the U.S. West, the topic of Richael’s talk at the conference, misconceptions around water markets, and where markets are headed.
To read more and listen to the full interview, see the article on AgWired or listen below.
For more information about water markets, peruse our blogs or publications. We’ve written extensively on them, including Agricultural Water Transfers in the U.S. West, Groundwater Trading as a Tool for California’s Sustainable Groundwater Management Act, and more. If you’re looking for help on market design, we specialize in that and have past and ongoing projects supporting the Platte River Basin, Yakima Basin Integrated Plan, Environmental Defense Fund, Trout Unlimited, Central Arizona, and more. Our market designs consider hydrogeological relationships; infrastructure constraints; interests spanning agricultural, rural domestic, municipal, and environmental; and other local needs. Please get in touch if market design would be helpful for you.
We also offer training with hands-on, live demonstrations. We have done interactive water trading simulations with groups as small as five people and as large as 300. Let us know if you would like to have a water market simulation done for your stakeholders!