with ?️ Ellen Bruno, Extension Economist @ UC Berkeley  
? The Department of Agricultural and Resource Economics at UC Berkeley leads research and outreach on economic and policy issues relevant to California’s agriculture and natural resources.

What we covered: 

? How the Sustainable Groundwater Management Act is a challenge and an opportunity for all the Californian water users 
? How when reducing water allowances, some approaches are more efficient than others 
? How the price of Water influences its uses - and to which extent 
? What the price elasticity of water demand actually is, and how of inelastic good water is 
? How water trading and groundwater markets could better market failures and smoothen the transition towards water restrictions 
? How markets are not perfect, yet can be the best tool in a given context 
? How if you've invested in a crop, a bottom-line calculation enables you to determine the threshold at which it's profitable to stop watering it and let it die 
? How research happening in universities shall be leveraged into practical knowledge 
? Which levers can influence a water market, and how pertinent that influence actually is in the Californian example 
? How the groundwater tariffs in place in Coachella enable to artificially replenish the water table 
? How agricultural and urban users have slightly different behaviors when it comes to water and how to leverage it 
? How water market experiments are rolled out, and who shall best be participating in this trading 
? How to measure the (positive) impact of a water market compared with the status quo 
? The specificities of Water Management in Coachella, resemblances, and differences with Israel & Australia, farmers doing what's best for business, why groundwater is better suited to trading than surface water... and much more!
? ... and of course, we concluded with the ????? ???? ????????? ? 

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