Water markets have the potential to improve farm incomes, the flows in our streams, and our ability to manage water flexibly. They generate new revenue streams and incentives for water conservation. The Christian Science Monitor explores the catalytic role of philanthropy to supplement instream flows while maintaining rural economies in the article, “How water swaps help the West manage a precious resource.”
Mammoth Trading’s water market platforms in Nebraska and Washington State are provided as examples of how water markets help agricultural producers cope with drought and move limited water to its most productive uses.
The article highlights challenges to implementing water markets, such as clarity on water rights, capacity for monitoring and enforcement, and designing rules that reflect the local hydrologic relationships.
Read the full article here.