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Fact Sheet

California’s Water Market

By Ellen Hanak, Gokce Sencan, Andrew Ayres

Water marketing is an important tool for managing drought and water scarcity in California. Reforms could help strengthen the market.

Report

Improving California’s Water Market

By Andrew Ayres, Ellen Hanak, Brian Gray, Gokce Sencan ...

Water trading and banking will prove important tools to help California bring its groundwater basins into balance under the Sustainable Groundwater Management Act (SGMA). A broad range of policy changes could help improve and expand California’s water market while protecting communities from harm.

blog post

New Opportunities for Trading Surface Water in the Sacramento Valley under SGMA

By Alex Ehrens, Joy Collins, Andrew Ayres

Successful groundwater stewardship under the Sustainable Groundwater Management Act (SGMA) demands good information—not only about groundwater conditions, but also about surface water availability. We produced a new dataset of how access to this vital resource varies across irrigated farmland in the Sacramento Valley and the Delta, so it’s now possible to assess surface water conditions across the entire Central Valley.

Report

Managing Water and Farmland Transitions in the San Joaquin Valley

By Ellen Hanak, Andrew Ayres, Caitlin Peterson, Alvar Escriva-Bou ...

How can the San Joaquin Valley adapt to a future with less water? We’ve been researching this issue for the past seven years, and our new report presents highlights from we’ve learned, including a robust list of policy suggestions to help the valley weather—and make the most of—the coming changes.

blog post

Commentary: Water Markets Can Reduce the Costs of Drought

By Ellen Hanak

California’s warming climate is making droughts more intense, complicating water management. A new water futures market provides a tool to insure against price shocks arising from drought-fueled shortages.

Policy Brief

Policy Brief: The Future of Agriculture in the San Joaquin Valley

By Alvar Escriva-Bou, Ellen Hanak, Spencer Cole, Josué Medellín-Azuara

Agriculture is a key driver of the regional economy in the San Joaquin Valley, but water for irrigation is an ongoing—and growing—concern. Our latest research offers the most accurate, nuanced, and localized look at where fallowing may need to occur—and details the policy and management actions that could lead to better outcomes.

blog post

Video: Improving California’s Water Market

By Sarah Bardeen

Water trading and banking are important tools that can help California bring its groundwater basins into balance, but the expansion of the state’s water market still faces some bottlenecks, including aging infrastructure and complex regulations. Watch a panel of experts discuss what can be done.

Report

Who Should Be Allowed to Sell Water in California? Third-Party Issues and the Water Market

By Ellen Hanak

Although significant water trading has occurred in California since the drought of the early 1990s, many localities have restricted water transfers because of the perceived harm to other users and the local economy. In Who Should Be Allowed to Sell Water in California? Third-Party Issues and the Water Market, Ellen Hanak examines water transfers in California, local resistance to them, and various approaches to resolving water disputes. Drawing on a new database of water transfers as well as interviews with state, county, and water district officials, the report calls for water management at the local level that balances the interests of other residents and the potential gains from transfers.

blog post

How Might Small Farms Fare Under SGMA?

By Spencer Cole, Ellen Hanak, Alvar Escriva-Bou

Change is coming to the heavily agricultural San Joaquin Valley, as irrigation water declines due to climate change, new environmental regulations, and SGMA. But how will these changes affect farms of different sizes in the valley? We finally have answers.

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