Don’t Seize Farmers Water, Let Them Trade It

Matthew Fienup
Economist at the Center for Economic Research & Forecasting (CERF), at California Lutheran University. His specialty is applied econometric analysis and the economics of land use.

As California weathers its fourth straight year of extreme drought, policy makers and their cheerleaders continue to scapegoat California’s agricultural industry. Writing in the Sacramento Bee, economist Christopher Thornberg, for example, refers to the industry as “feckless” and advocates using eminent domain to seize farmers’ water. In truth, the agricultural industry has made ground-breaking efficiency […]

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