Subsidized reclamation projects squander valuable capital and environmental resources by benefitting farmers far less than taxpayers pay. Yet, they have made a few irrigators suddenly wealthy. There are several different approaches that could make the system more efficient. One would involve...

Current water institutions were developed for conditions of water penty rather than scarcity and are unable to allocate water resources efficiently under conditions such as those in the arid West. This paper reviews riparian, appropriation and correlative water law as well as existing admin-...

Previously published empirical models of U.S. farmland prices are reviewed and reestimated including recent data. It is apparent that structural changes have occurred. A simple single equation econometric model with less economic structure appears to forecast better than a simultaneous equation...