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Market transfers of water for environmental protection in the western United States
Affiliation:1. Division of hand surgery, department of orthopedic surgery, Tel-Aviv-Sourasky medical center, Weizmann St 6, Tel Aviv, Israel;2. Department of hand, upper limb and peripheral nerve surgery, Georges-Pompidou European Hospital (HEGP), AP–HP, 20, rue Leblanc, 75908 Paris cedex 15, France;3. Paris-Descartes University, Sorbonne-Paris-Cité, 12, rue de l’École-de-Médecine, 75006 Paris, France;1. Department of Evolutionary Biology and Ecology, Faculty of Biology, University of Freiburg, Germany;2. BEES Section, School of Biological Sciences, Illinois State University, Normal, IL 61790-4120, USA;3. Department of Biology, Illinois Wesleyan University, Bloomington, IL 61701, USA;1. USDA-Agricultural Research Service, Wind Erosion & Water Conservation Research Unit, Lubbock, TX, USA;2. The University of Texas at El Paso, Department of Chemistry, El Paso, TX 79968, USA;3. USDA-ARS, Central Great Plains Research Station, 40335 County Road GG, Akron, CO 80720, USA;4. USDA-Agricultural Research Service, Wind Erosion & Water Conservation Research Unit, Big Spring, TX, USA;5. Department of Soil Science, North Carolina State University, Raleigh, NC 27695-7619, USA;6. Atmospheric Environment Research Centre, Griffith School of Environment, Griffith University, Brisbane, Australia
Abstract:Buying and leasing water rights for environmental protection is becoming an important method for protecting river and stream flows in the western United States. The region has experienced an increasing number of market transfers of water to protect water quality and fish and wildlife habitat. From 1990 to 1997, more than US$37 million was spent to lease 2 million acre-feet of water and US$23.8 was spent to purchase 132,000 acre-feet of water for environmental protection. State and federal agencies are responsible for most of these market transfers, but there is increasing activity on the part of private organizations to acquire water for instream needs. This paper examines recent developments of instream flow marketing in the western United States. The paper reviews recent transfers and acquisitions programs and discusses the growing entrepreneurial efforts by private organizations to acquire water rights for instream use. Market information including price and quantity of water traded was collected from market participants. The average purchase and lease prices for the region are US$397 and US$30 per acre-foot, respectively.
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