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> Why do you think this water is not priced at market value? Because farmers can't take their water and sell it for more money to someone else, and they have n
by pdonis 3y ago
> Why do you think this water is not priced at market value?
Because farmers can't take their water and sell it for more money to someone else, and they have no incentive to economize on water usage. Water prices are not set by supply and demand, they are set by government regulation. The "market" that farmers buy water in is not a free market.
- s1artibartfast 3y agoWhere do you think these Saudi farmers bought the land and water contracts? They bought them from some other farmer. Governments can absolutely buy out water contracts from farmers on the open market. In the cases where water is tied to land title, it can be separated, as is common with other natural resources like natural gas and minerals