TM provides this background:
This is a water market that I think you should follow. It hasn't started yet, because of legal stuff, but is moving very fast. Basically they are consolidating almost all of the irrigation ditches in the Arkansas Valley to pool their water, do rotational fallowing, and then auction the water.Sounds good to me:
- Short-term transfers? Check.
- Limited transfers? Check.
- Rotating costs and benefits? Check.
- Maximum price? Check.