There is growing interest in using water markets as a tool to mitigate the impacts of water scarcity on agricultural producers. Responding to this interest, Nicholas Brozović, DWFI director of policy and Richael Young, co-founder and CEO of Mammoth Water, created some guidelines and a toolkit for water transfers in their Rapid Scoping for Water Market Readiness report.
Spikes in the demand for water transfers may be unanticipated. Realizing the full benefits of transfers requires rapid initiation and completion of transactions, including legal and administrative obligations as well as financial ones. In regions with interest in formal water transfers and limited or no experience of such transactions, it is desirable to be able to quickly evaluate readiness to implement a market.
In the report, authors consider five key factors: severity of the water risk; legal readiness; administrative readiness; heterogeneity of water values; and infrastructure readiness. They demonstrate how scoring a region using these five metrics will give a quick determination of whether market deployment is likely to be successful, and on where future market preparation activities should focus.
An important potential application of the toolkit is in the development of “pop-up” markets. Such markets could be deployed at short notice in response to changing local conditions and the opportunity to generate value for water users.
A summer irrigation lab and field course led by DWFI Faculty Fellow Derek Heeren helps his students ground their class lessons through in-person farm and industry visits.
Graduate student Caner Zeyrek and his advisor, Troy Gilmore, are learning a lot about Nebraska’s water flows.
Since it was initiated in 2014, the Daugherty Water for Food Global Institute’s student support program has made more than 96 awards to DWFI Faculty Fellows supporting students and invested $3.6 million.