Question
After nearly a year of intense negotiations, California, Nevada and Arizona reached a historic agreement today to use less water from the over-drafted Colorado River
After nearly a year of intense negotiations, California, Nevada and Arizona reached a historic agreement today to use less water from the over-drafted Colorado River over the next three years. The states agreed to give up 3 million acre-feet of river water through 2026 about 13% of the amount they receive. While you free (and encouraged) to discuss whatever aspects of the agreement you wish, remember this is an agricultural and economics course, so you'll need to highlight the economic impacts on agriculture production, land values, and future negotiations (including with the four other states that use the river most) Feel free to do net present value (NPV) analysis or any other economic impacts you foresee. Make sure that, if you get your economic information from other sources (e.g., U.S., California, Nevada, and/or Arizona Departments of Agriculture) you cite them properly
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