An innovative water contract pays farmers to conserve.
To keep the water running in LasVegas, recognize scarcity and let water rates rise-- double or even triple. Encourage homeowners to trade water rights. Let the market determine how much water people use, not the water police.
Water rights have evolved in recent years as parties express desires to sell, lease, or give water for environmental or recreational purposes.
In the early twentieth century, L.A. purchased water rights by buying up farmland and conveying the water back to L.A. These purchases created a legacy of distrust and suspicion, as people began to view the trades as theft. Gary Libecap takes a second look at the L.A.-Owens Valley transfers.
With abundant rainfall, the southeastern United States has rarely experienced conflicts over the allocation of water. But that is changing. As population grows, the demand for water grows, and when periodic drought occurs, disputes can result.
Lea-Rachel Kosnik, Roger Meiners
"Restoring Harmony in the Klamath Basin" explains how this conflict developed and offers a solution—markets in water. Written by Roger Meiners and Lea-Rachel Kosnik, this paper persuasively argues that clarification of property rights to water is fundamental to ending the crisis.
Anglers are doing back flips over a recent Utah Supreme Court Decision that makes public all waters in the state and permits recreationists to use streams that cross private property.
La Monica Everett-Haynes
The United States must come to terms with its lavish use of water and, at the same time, figure out serious solutions to the immediate problem related to access to water.