Free market water conservation

Free market water conservation is a program, already in use in Texas where farmers suffered the most in the summer of 2022, to pay farmers in times of drought not to use water.

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As [Texas] is losing water, some conservation organizations, mostly nonprofits, and agencies are stepping up to help conserve water by using a new strategy — paying farmers to leave the water in the ground and consume more sustainably. Known as water trades, the transactions help keep water in nature and prop up the state’s agricultural economy. Experts believe this could become a major conservation strategy for the drought-prone state, given the state’s preference for solutions that boost markets, over regulation.

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