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The Relationship between Priority and Value of Irrigation Water Used with Prior Appropriation Water Rights

The Relationship between Priority and Value of Irrigation Water Used with Prior Appropriation... <p>ABSTRACT:</p><p>This article examines the relationship between water right priority and value of use for rights defined by prior appropriation, and tests whether this relationship is different for rights that have been transferred from their original locations to new locations, versus those that have not. We develop an empirical model using data for agricultural irrigation water rights and show that for transferred water rights, more senior (higher-priority) rights are reallocated from lower- to higher-valued agricultural uses. For water rights that remained unchanged, we find that priority order and potential profitability, as indicated by land characteristics, are not well aligned. <i>(JEL Q15, Q25)</i></p> http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Land Economics University of Wisconsin Press

The Relationship between Priority and Value of Irrigation Water Used with Prior Appropriation Water Rights

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Publisher
University of Wisconsin Press
Copyright
Copyright © Board of Regents of the University of Wisconsin System.
ISSN
1543-8325

Abstract

<p>ABSTRACT:</p><p>This article examines the relationship between water right priority and value of use for rights defined by prior appropriation, and tests whether this relationship is different for rights that have been transferred from their original locations to new locations, versus those that have not. We develop an empirical model using data for agricultural irrigation water rights and show that for transferred water rights, more senior (higher-priority) rights are reallocated from lower- to higher-valued agricultural uses. For water rights that remained unchanged, we find that priority order and potential profitability, as indicated by land characteristics, are not well aligned. <i>(JEL Q15, Q25)</i></p>

Journal

Land EconomicsUniversity of Wisconsin Press

Published: Jul 2, 2020

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