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Interruptible Water Markets in the Pacific Northwest

Author

Listed:
  • Joel R. Hamilton
  • Norman K. Whittlesey
  • Philip Halverson

Abstract

This paper analyzes the potential for using a market to shift water from irrigation to hydropower use in periods of low river flow in the Snake River basin of Idaho. The water could be used for irrigation in most years but in dry years would be very valuable for firming up electric power supplies. A model of crop growth and water use was utilized to estimate farmer responses and resulting farm income losses due to market-restricted irrigation water supplies. Results indicate that estimated hydropower benefits are ten times greater than estimated lost farm income, so the proposed water market should be economically feasible.

Suggested Citation

  • Joel R. Hamilton & Norman K. Whittlesey & Philip Halverson, 1989. "Interruptible Water Markets in the Pacific Northwest," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 71(1), pages 63-75.
    • Handle: RePEc:oup:ajagec:v:71:y:1989:i:1:p:63-75.
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    File URL: http://hdl.handle.net/10.2307/1241775
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    Citations

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    Cited by:

    1. Hansen, Kristiana & Howitt, Richard & Williams, Jeffrey, 1988. "Implementing Options Markets in California To Manage Water Supply Uncertainty," 1988 Annual Meeting, August 1-3, Knoxville, Tennessee 270393, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    2. Schaible, Glenn D. & Gollehon, Noel R. & Kramer, Mark S. & Aillery, Marcel P. & Moore, Michael R., 1995. "Economic Analysis of Selected Water Policy Options for the Pacific Northwest," Agricultural Economic Reports 308426, United States Department of Agriculture, Economic Research Service.
    3. KLAUS ABBINK & MOLLER, Lars Christian & SARAH O'HARA, 2005. "The Syr Darya River Conflict: An Experimental Case Study," Discussion Papers 2005-14, The Centre for Decision Research and Experimental Economics, School of Economics, University of Nottingham.
    4. Glenn D. Schaible & C. S. Kim & Marcel P. Aillery, 2010. "Dynamic Adjustment of Irrigation Technology/Water Management in Western U.S. Agriculture: Toward a Sustainable Future," Canadian Journal of Agricultural Economics/Revue canadienne d'agroeconomie, Canadian Agricultural Economics Society/Societe canadienne d'agroeconomie, vol. 58(4), pages 433-461, December.
    5. Hansen, Kristiana & Howitt, Richard E. & Williams, Jeffrey C., 2006. "Implementing Options Markets in California To Manage Water Supply Uncertainty," 2006 Annual meeting, July 23-26, Long Beach, CA 21218, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    6. Goodman, D. Jay, 2000. "More Reservoirs Or Transfers? A Computable General Equilibrium Analysis Of Projected Water Shortages In The Arkansas River Basin," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 25(2), pages 1-16, December.
    7. Willis, David B. & Caldas, Jose Vaz & Frasier, W. Marshall & Wittlesey, Norman K. & Hamilton, Joel R., 1998. "The Effects Of Water Rights And Irrigation Technology On Streamflow Augmentation Cost In The Snake River Basin," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 23(1), pages 1-19, July.
    8. Klaus Abbink & Lars Moller & Sarah O’Hara, 2010. "Sources of Mistrust: An Experimental Case Study of a Central Asian Water Conflict," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 45(2), pages 283-318, February.
    9. Leiva, Akssell J. & Skees, Jerry R., 2008. "Using Irrigation Insurance to Improve Water Usage of the Rio Mayo Irrigation System in Northwestern Mexico," World Development, Elsevier, vol. 36(12), pages 2663-2678, December.
    10. Zeyu Wang & Juqin Shen & Fuhua Sun & Zhaofang Zhang & Dandan Zhang & Yizhen Jia & Kaize Zhang, 2019. "A Pricing Model for Groundwater Rights in Ningxia, China Based on the Fuzzy Mathematical Model," IJERPH, MDPI, vol. 16(12), pages 1-20, June.
    11. Elwin G. Smith & Mark E. Eiswerth & Terrence S. Veeman, 2010. "Current and Emerging Water Issues in Agriculture: An Overview," Canadian Journal of Agricultural Economics/Revue canadienne d'agroeconomie, Canadian Agricultural Economics Society/Societe canadienne d'agroeconomie, vol. 58(s1), pages 403-409, December.
    12. Villinski, Michele T., 2003. "A Methodology For Valuing Multiple-Exercise Option Contracts For Water," Working Papers 14379, University of Minnesota, Center for International Food and Agricultural Policy.
    13. Francesco Prota, 2002. "Water Resources And Water Policies," Working Papers 8_2002, D.E.S. (Department of Economic Studies), University of Naples "Parthenope", Italy.
    14. Easter, K. William & Feder, Gershon, 1996. "Water Institutions And Economic Incentives To Ameliorate Market And Government Failures," Staff Papers 14217, University of Minnesota, Department of Applied Economics.
    15. Hearne, Robert R. & William Easter, K., 1997. "The economic and financial gains from water markets in Chile," Agricultural Economics, Blackwell, vol. 15(3), pages 187-199, January.
    16. Lambert, David K. & Shaw, W. Douglass, 1998. "Alternative Use Values Within A Watershed Under Transitory Supply Shocks," Discussion Papers 12955, University of Nevada at Reno, Department of Resource Economics.
    17. Chatterjee, Bishu & Howitt, Richard E. & Sexton, Richard J., 1998. "The Optimal Joint Provision of Water for Irrigation and Hydropower," Journal of Environmental Economics and Management, Elsevier, vol. 36(3), pages 295-313, November.
    18. Rosegrant, Mark W. & Ringler, Claudia, 1999. "Impact on food security and rural development of reallocating water from agriculture:," EPTD discussion papers 47, International Food Policy Research Institute (IFPRI).
    19. Kristiana Hansen & Jonathan Kaplan & Stephan Kroll, 2014. "Valuing Options in Water Markets: A Laboratory Investigation," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 57(1), pages 59-80, January.
    20. William K. Jaeger & Raymond Mikesell, 2002. "Increasing Streamflow To Sustain Salmon And Other Native Fish In The Pacific Northwest," Contemporary Economic Policy, Western Economic Association International, vol. 20(4), pages 366-380, October.
    21. Leiva, Akssell J. & Skees, Jerry R., 2006. "An Empirical Evaluation of Irrigation Insurance for Agricultural Systems in the Mexican Northwest," Annual Meeting, 2006, May 25-28, Montreal, Quebec 34177, Canadian Agricultural Economics Society.
    22. Zekri, Slim & Easter, William, 2005. "Estimating the potential gains from water markets: a case study from Tunisia," Agricultural Water Management, Elsevier, vol. 72(3), pages 161-175, April.
    23. Colby, Bonnie, 1991. "Reallocating Drought Risks Through Contingent Water Use Contracts," WAEA/ WFEA Conference Archive (1929-1995) 321456, Western Agricultural Economics Association.

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