"Robert Naiman" <[email protected]> wrote: 

> Doesn't this argue that the farmers are paying too little for water? 


Think of the water to be like a mineral resource that can be mined. The market 
value of the land goes 
down as the water is depleted. 


> Isn't this also an argument that the biofuel subsidy is too high, or should 
> take water into account? 


Subsidies can be counterproductive. Fracking is another process that uses lots 
of water. 


-- 
Ron 

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