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Agricultural Water Trading Restrictions and Drought Resilience

Author

Listed:
  • Daniel P. Bigelow
  • Anita M. Chaudhry
  • Jennifer Ifft
  • Steven Wallander

Abstract

Policies that seek to reduce groundwater open-access externalities may be in conflict with the facilitation of water trading during droughts. Using panel data on cropland values, we examine this interaction in the context of groundwater export restrictions. We find that land subject to restrictions experienced a relative decline of 34% ($2,057/acre, roughly half of foregone potential water sales revenue) during the drought immediately following implementation of the policies. During a later, more severe drought, there is no difference in value. Our empirical approach also provides novel estimates of the value of changes in groundwater stock.

Suggested Citation

  • Daniel P. Bigelow & Anita M. Chaudhry & Jennifer Ifft & Steven Wallander, 2019. "Agricultural Water Trading Restrictions and Drought Resilience," Land Economics, University of Wisconsin Press, vol. 95(4), pages 473-493.
    • Handle: RePEc:uwp:landec:v:95:y:2019:i:4:p:473-493
    Note: DOI: 10.3368/le.95.4.473
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    Cited by:

    1. Majid Ali & Muhammad Naveed Anjum & Donghui Shangguan & Safdar Hussain, 2022. "Water, Energy, and Food Nexus in Pakistan: Parametric and Non-Parametric Analysis," Sustainability, MDPI, vol. 14(21), pages 1-17, October.
    2. Kent F. Kovacs & Shelby Rider, 2022. "Estimating the Demand for In Situ Groundwater for Climate Resilience: The Case of the Mississippi River Alluvial Aquifer in Arkansas," NBER Chapters, in: American Agriculture, Water Resources, and Climate Change, pages 367-381, National Bureau of Economic Research, Inc.

    More about this item

    JEL classification:

    • Q15 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Land Ownership and Tenure; Land Reform; Land Use; Irrigation; Agriculture and Environment
    • Q18 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agricultural Policy; Food Policy; Animal Welfare Policy

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