In a new report, researchers at the Public Policy Institute of California look at how water markets can play a larger role in helping water users adapt to the Sustainable Groundwater Management Act.
The design of a water market is critical for supporting low-cost trading and groundwater banking while protecting drinking water, they find. A range of roadblocks, however, is currently hampering the effectiveness of markets. Yet swift action now to establish allocations, minimize collateral impacts and refine regulations can build resiliency sooner.
“Farmers will need to adapt as groundwater becomes scarcer, especially during drought,” the researchers write in a blog post. “Trading can help facilitate this adaptation.”
Associate Editor, Agri-Pulse West
This week’s Open Mic Guest is Megan Kaiser, treasurer and five-year member of the United Soybean Board. As a farmer and soil scientist, Kaiser says growers are reaping the benefits of previous checkoff investments in new uses and sustainability, leading to better soil health, increased productivity and a healthier environment. Farmer-funded research has also paved the way for cleaner air in major U.S. cities using biodiesel, biodegradable food and beverage packaging and more potential for food as medicine. She also discusses the need for better connectivity in rural areas so that more comprehensive data can be collected and analyzed.
Several House committees moved their respective parts of the $3.5 trillion reconciliation bill this week, and the tax language was under the watchful eye of the country’s farm groups. In this video, Danielle Beck with the National Cattlemen’s Beef Association offers her take on what the bill looks like so far and what she’ll be watching as the process continues to unfold.
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