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The pilot program is kicking off in Ventura County, but experts say that it may be replicated in other parts of the state as California works to comply with the Sustainable Groundwater Management Act and curb overpumping of aquifers.
Diamond Valley in rural Nevada has a critically overdrafted aquifer that supports its farming economy. Some irrigators want to shift to a market-based system to limit pumping, but the community is divided.
Nell Green Nylen Senior Research Fellow, Wheeler Water Institute
Michael Kiparsky Director, Wheeler Water Institute at CLEE
Markets may help management of a limited resource, but they can also have unintended consequences, which is why California needs to think carefully about the risks, say experts Nell Green Nylen and Michael Kiparsky.
Farmers, regulators and an economist teamed up to launch a first-of-its kind groundwater market in California. Matthew Fienup, who was involved in the effort, explains how it works and the plans for its expansion.
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