Type 2 Rights and Long-Term Storage Credits Trade in Arizona

Originally published in Journal of Water, Winter 2018

In the second half of 2017, a total of 869 AF Type 2 non-irrigation grandfathered groundwater rights changed hands within three of the five Active Management Areas (“AMAs”). There were no transfers in the Prescott or Santa Cruz AMAs. Prices continued to range from $1,500/AF to $2,000/AF, depending on the AMA. (See table below for breakdown of volume and…