Lecture_7 - Urban and Environmentalists as new coalition...

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NR Econ Lecture 7 Module III: Water Use Application: California’s Central Valley Project
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Central Valley Project (CVP) Huge water storage and supply project constructed by the Bureau of Reclamation Authorized in 1935; constructed in stages over next 50 years 20 dams and > 500 miles of canals 7-8 million acre-feet of water supplied (1 acre-foot = 326,000 gallons of water) 95% of water earmarked for agriculture 2.6 million acres of agricultural land Crops require 2 to 4 acre-feet per acre
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Central Valley Project
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CVP Production as Percentage of U.S. Production Almonds 32% Grapes 31% Walnuts 18% Melons 56% Apricots 76% Rice 9% Tomatoes 48% Cotton 10% (processing) CVP is the largest single agricultural region in the world in terms of value of output
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Contemporary Water Politics in California Transition -- old to new political coalition Urban and Agriculture as old coalition
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Unformatted text preview: Urban and Environmentalists as new coalition Legislative reform in the U.S. Congress Central Valley Project Improvement Act (1992) Central Valley Project Improvement Act Policy Tools in the new law Water price increases Water reserved for environment (15-20% of total supply) Voluntary water transfers (deregulation of water markets) Will price increases reduce water use? Existing water price: $10 per acre-foot New water price: $19 per acre-foot Shadow price: $50 per acre-foot How do we analyze this case? Next slide: Results for 12 farm districts with water supplied by the Tehama-Colusa Canal Concluding Comments Model 1: Producer Behavior with Water as a Quantity-Rationed Input Application: Central Valley Project...
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This note was uploaded on 04/03/2008 for the course ECON 472 taught by Professor Moore during the Winter '08 term at University of Michigan.

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Lecture_7 - Urban and Environmentalists as new coalition...

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