Policy analysts and government agencies promote a particular form of what they term water quality trading as a means to address the most vexing obstacle to meeting water quality standards: reducing nutrient pollutants from agricultural nonpoint sources. However, agricultural nonpoint sources’ participation in water quality trading programs will only make limited contributions to lowering overall pollutant loads. We argue that economists need to more clearly articulate the limitations of current and proposed water quality trading programs as a water quality management strategy. A new generation of market-like incentive policies will be necessary to make significant progress in reducing agricultural nonpoint source loads.
Leonard A. Shabman
The Economic Impacts of Drought on US Agriculture
New research examines how drought affects crop yields in the United States, deepening our understanding of the economic impacts of a costly natural disaster that is projected to become more severe in the face of climate change.
Resources Radio: Coffee in a Changing Climate, with Kim Elena Ionescu of the Specialty Coffee Association
Testimony and Public Comments
Testimony on the Use of Natural Infrastructure for Watershed Restoration and Water Management
Forest management can actively support water capture and storage, taking advantage of natural infrastructure to protect water sources and restore watersheds.