Lower Rio Grande Water Market Indicator: Trading is Up, But Expectations Remain Uncertain
Originally published in Journal of Water, Winter 2019
Demand for Lower Rio Grande water created a lease market in south Texas. Lease prices vary by use, with agricultural water users typically paying lower rates per acre-foot because they have lower consumptive use of water.
Municipal users have priority in the system, with a municipal reserve of 225,000 AF reestablished each month. Excess water is allocate…