Tuesday, September 20, 2016

Water rights

(cont'd from yesterday's post)

Economist Jairaj Devadiga has another option in mind for on-going water war between two Indian states. Their governments withhold water rights from the people. He suggests a different dynamic would solve some problems if people were able to purchase water rights to use on their farms.

 

The water would find its own value level by the price that farmers willingly pay for it. Why do the governments subsidize rice to the point that it's wasted? The article doesn't say, but maybe a market value on the water would direct the water to crops that don't need as much but have a good market value.

Instead of government using the river as a power tool, let the farmers figure out how to use it.

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