The seminar will be held on Wednesdays at 11 am Central US
time.
Our second seminar will be held on May 13, 2020. Frances
Moore, from the University of California, Davis, will be presenting her paper titled:
"The Adaptive
Benefits of Agricultural Water Markets"
Abstract:
"Climate change is expected to increase the scarcity
and variability of fresh water supplies in some regions with important
implications for irrigated agriculture. By allowing for increased flexibility
in response to scarcity and by incentivizing the allocation of water to higher
value use, markets can play an important role in limiting the economic losses
associated with droughts. Using data on water demand, the seniority of water
rights, county agricultural reports, high-resolution data on cropping patterns,
and agronomic estimates of crop water requirements, we estimate the benefits of
market-based allocations of surface water for California’s Central Valley.
Specifically, we estimate the value of irrigation water and compare the
agricultural costs of water shortages under the existing legal framework and
under an alternate system that allows for trading of water. We find that a more
efficient allocation of curtailments could reduce the costs of water shortages
by 390 million dollars per year or 4.6% of the net agricultural revenue in
California in expectation, implying that institutional and market reform may
offer important opportunities for adaptation."
If you would like to register, join the OARES listserv here, and make sure to
sign up with your institutional address. The OARES website includes a schedule
of forthcoming talks as well.
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