From the Fresno State Collegian:
“Agricultural and environmental leaders spoke at the Water Market Exchange Symposium in the Satellite Student Union on Jan. 24 to share their perspectives on a water market exchange program. The symposium featured speakers from water agencies, environmental interests, disadvantaged community interests and water market administrators.
According to Fresno State California Water Institute program manager Laura Ramos, the Sustainable Groundwater Management Act (SGMA) would result in reductions of the supply of groundwater, creating the need for a creative and innovative solution to efficiently manage it. … ”
Read more from the Collegian here: Valley agriculture and environmental experts discuss potential water exchange program
“In the valley north of the central Nevada town of Eureka, dozens of circle irrigation systems spray water onto alfalfa each spring. The water that flows through the rotating center pivots comes from the ground. But that limited groundwater supply is being overpumped and beginning to dry up at a rate that has long concerned Nevada’s top water regulator, the state engineer.
Each year, water users near Eureka pump more than twice the amount of groundwater from Diamond Valley — a hub for hay growers in central Nevada — than is replenished by Mother Nature. Underneath the valley, the water table has dropped further away from the surface. …
Last week, the state approved a first-of-its-kind plan to reduce water use in Diamond Valley, a community caught between a desire to maintain its agricultural industry and the realities of water availability in the high desert. The plan revolves around the concept of a water market. But it also deviates from Western water law — and will almost certainly be challenged in court.”
Read more from the Nevada Independent here: Departing state engineer approves controversial water market near Eureka
From EDF’s Market Forces blog:
California’s landscape will transform in a changing climate. While extended drought and recent wildfires seasons have sparked conversations about acute impacts today, the promise of changes to come is no less worrying. Among the challenges for water management:
These changes will make water resources less reliable when they are needed most, rendering water storage an even more important feature of the state’s water system.
Continue reading at the Market Forces blog here: What California’s history of groundwater depletion can teach us about successful collective action
From Water Deeply:
“A “use-it-or-lose-it” system of water allocation has historically required growers in California to irrigate their land or lose their water rights, whether market forces compelled them to grow crops or not.
Now, in a significant breakthrough for the state’s water economy, a community of farmers near Ventura are about to join a new groundwater market. The buying and trading system, expected to begin by July 1, will allow farmers under the purview of the Fox Canyon Groundwater Management Agency to fallow their own land and sell groundwater to other users willing to pay more than their crop sales would generate. This small-scale water market has been in planning stages for more than a year and is being launched as a pilot project that could eventually serve as a model for the rest of California. … “
Read more from Water Deeply here: A New Groundwater Market Emerges in California. Are More on the Way?