Water Leasing: Opportunities and Challenges for Colorado's South Platte Basin

James Pritchett (james.pritchett@colostate.edu), Jennifer Thorvaldson, Neil Hansen and Ajay Jha

No 37725, 2008 Annual Meeting, June 23-24, 2008, Big Sky, Montana from Western Agricultural Economics Association

Abstract: Agricultural water is a preferred source for meeting growing demands, but permanent transfers often require formerly irrigated land to be fallowed, removing a key industry from the regional economy. One alternative allows farmers to lease water to cities by fallowing their land on a rotational basis or limiting irrigation to reduce the consumptive use of their cropping operations. A survey of irrigators in Colorado’s South Platte Basin examines the remuneration needed for a farmer to enter into a lease agreement; the amount of water the farmer will release; the provisions desired in a lease agreement; and the characteristics shared by farmers who are willing to lease.

Keywords: Community/Rural/Urban; Development (search for similar items in EconPapers)
Pages: 14
Date: 2008
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Persistent link: https://EconPapers.repec.org/RePEc:ags:waeabi:37725

DOI: 10.22004/ag.econ.37725

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