California's 1991 Drought Water Bank

Economic Impacts in the Selling Regions

Lloyd Dixon, Nancy Young Moore, Susan W. Schechter

ResearchPublished 1993

In 1991, to mitigate the effects of a five-year drought, the California department of Water Resources bought water from farmers, landlords, and agencies in northern and central California and resold it to urban and agricultural areas. This study found that although operating costs and crop sales were substantially reduced for farmers who participated in the Bank, the Bank's economic impact was not large compared to the general agricultural economy of the region and to historic variations in the agricultural sector, and that participating farmers increased their farm investment. Recommendations for future banks include spreading purchases and rotating farmers to diffuse the bank's negative impacts, considering a lower water purchase price, using standard rules and contracts, and developing procedures to minimize divisiveness among landlords, tenants, and local businesses.

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  • Copyright: RAND Corporation
  • Availability: Available
  • Year: 1993
  • Print Format: Paperback
  • Paperback Pages: 106
  • Paperback Price: $13.00
  • Paperback ISBN/EAN: 978-0-8330-1466-5
  • Document Number: MR-301-CDWR/RC

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RAND Style Manual
Dixon, Lloyd, Nancy Young Moore, and Susan W. Schechter, California's 1991 Drought Water Bank: Economic Impacts in the Selling Regions, RAND Corporation, MR-301-CDWR/RC, 1993. As of October 4, 2024: https://www.rand.org/pubs/monograph_reports/MR301.html
Chicago Manual of Style
Dixon, Lloyd, Nancy Young Moore, and Susan W. Schechter, California's 1991 Drought Water Bank: Economic Impacts in the Selling Regions. Santa Monica, CA: RAND Corporation, 1993. https://www.rand.org/pubs/monograph_reports/MR301.html. Also available in print form.
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