Market Insight

08/24/2017 Water Market Price Data Now Available Through AcreValue WestWater Partnership

AcreValue has teamed up with the water rights experts at WestWater Research (“WestWater”) to enhance the company’s online agricultural and land marketplace.  With the addition of WestWater’s internal water data, AcreValue users can now access basic water price and lease... Read More 

AcreValue has teamed up with the water rights experts at WestWater Research (“WestWater”) to enhance the company’s online agricultural and land marketplace.  With the addition of WestWater’s internal water data, AcreValue users can now access basic water price and lease data.

Waterlitix™ was developed and is maintained by WestWater Research and serves as the world’s largest and most comprehensive water market price and lease database.  A portion of Waterlitix™ data will now be accessible through AcreValue’s online agricultural property portal containing millions of various land parcels.

This partnership will allow AcreValue users to view basic transaction information from Waterlitix™, including prices and lease rates over the past four years in 13 western states. This unique collaboration has created the first ever map-based tool to display water market sales in the US where pricing information has been virtually impossible to find.

“There’s the old Western saying that whiskey is for drinking and water is for fighting. Well, much of that fighting simply comes from ignorance,” WestWater principal Clay Landry says. “This partnership brings much-needed water price transparency to help make the market function properly and help prospective Ag land buyers know what sorts of water they’re getting with a given piece of land”

AcreValue is quickly becoming the leading source of farmland information, and WestWater recognized the opportunity to provide water pricing data as a fundamental component of the ever-expanding agricultural land value platform.

“In parts of the Midwest and West, oftentimes the water rights and the value of the water, or getting access to that water is even more important than the value of the property itself, and so strategically for our customers…we wanted to…help them make better choices around farmland…” AcreValue general manager Tamar Tashjian says. “[WestWater] is providing a great source of content out to our users in the West.”

Visit the AcreValue website:  www.acrevalue.com

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08/02/2017 Q2 2017 Water Market Insider: New Water from Old Power

The U.S. has seen several coal power plant closures in recent years with many more on the way in the next 10 years. Coal power generation is considered to be relatively inexpensive, but it does demand a large amount of... Read More 

The U.S. has seen several coal power plant closures in recent years with many more on the way in the next 10 years. Coal power generation is considered to be relatively inexpensive, but it does demand a large amount of water compared to natural gas plants and renewable energy sources such as wind and PV solar. The closure or conversion of many coal plants in the Western U.S. means that a new source of water could be on the market in the next decade, as the energy companies reduce their need for water. These changes in coal plants are estimated to result in about 84,000 acre-feet per year of reduced water demand in the Western U.S. with a market value of roughly $300 million.  In the current issue of the Water Market Insider, WestWater discusses the impact on water demands as coal production decreases.

Read the full edition here

 

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06/19/2017 WestWater Welcomes Summer Interns for 2017

WestWater Research is pleased to introduce our 2017 summer interns, Audrey Arnao and Lacey Moore. Audrey Arnao is entering her senior year at the Barrett Honors College at Arizona State University and is pursuing a degree in Economics. Audrey’s field... Read More 

WestWater Research is pleased to introduce our 2017 summer interns, Audrey Arnao and Lacey Moore.

Audrey Arnao is entering her senior year at the Barrett Honors College at Arizona State University and is pursuing a degree in Economics. Audrey’s field of study has included Intermediate Macroeconomics, Intermediate Microeconomics, Business Writing, Business Law, and Finance. In 2016 she studied abroad and completed advanced courses in Conversational Spanish at the Autonomous University of Barcelona, Spain. While in Spain, Audrey also earned a Certificate of International Business Studies. In addition to her studies, Ms. Arnao served as an intern during the 2016 Senate Campaign for John McCain and has volunteered her time as a tutor for the Undergraduate Academic Services program at Arizona State.

“This internship directly relates to my interest in market research and analysis. I am excited to learn about how water markets operate and how they are evolving, especially considering the importance of this information to guide the efficient allocation of a precious resource.”

Audrey will spend the summer at WestWater’s Phoenix Arizona office before returning to ASU where she will graduate in the spring of 2018 with a Bachelor of Science in Economics.

 

Lacey Moore is currently a Master’s student at Colorado State University, pursuing a degree in Agriculture and Resource Economics. A native Oregonian, she received her undergraduate degree in Environmental Economics and Policy as well as a GIS certificate from Oregon State University. Before starting her graduate program, Lacey acquired professional experience working cooperatively with landowners to allocate water for the benefit of agriculturalists and native fish species. In addition to her studies, Ms. Moore holds leadership positions with several state and national associations and organizations including the North American Cartographic Information Society and the Oregon FFA Alumni Association.

“As an intern for WestWater Research, I am looking forward to expanding my knowledge of water trading and to gain hands-on experience with water transaction research. My thesis work focuses on groundwater valuation in the Ogallala, and this internship will provide me with a valuable understanding of the water trading markets in the Ogallala region of Nebraska and Kansas while also getting my feet wet in the world of consulting.”

After spending a summer in WestWater’s Fort Collins Colorado office, Lacey will return to Colorado State University to complete her Master’s degree in Natural Resource Economics in the spring of 2018.

 WestWater’s internship program is a competitive position which provides the opportunity for qualified graduate and undergraduate students to gain research and analytical experience and further develop their knowledge of the ever-expanding water market.

Clay Landry, WestWater’s Managing Director said, “We are fortunate to have Audrey and Lacey join the WestWater team for the summer, and we look forward to working with each of them to advance their academic and professional careers in the water rights industry.”

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05/04/2017 WestWater to present at the annual AZ Water Association Conference in May

As water becomes an increasingly valuable asset, various municipalities in Arizona have included water farms in their portfolio of future water supplies. These large farms with extensive water rights were long kept in agricultural production through lease agreements until the... Read More 

As water becomes an increasingly valuable asset, various municipalities in Arizona have included water farms in their portfolio of future water supplies. These large farms with extensive water rights were long kept in agricultural production through lease agreements until the water was needed by the city. For many municipalities, however, more attractive water supplies became available before the water farms could be utilized, leading to the sale of the farms.

Viviane Baji of WestWater Research will be participating in the 90th Annual Arizona Water Association Conference on Friday, May 5th in Phoenix.

Ms. Baji’s presentation, “Water Farms in Arizona- A Wise Investment in Municipal Water Security?”, will discuss her research related to purchased and subsequently sold water farms and the annual returns on water farm investments in Arizona.  The findings of this study will be of noted interest to water policymakers looking to address water shortage concerns in a cost-effective way.

Read more about the conference here

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03/17/2017 WestWater 2017 Summer Internship

WestWater Research is now seeking applicants for the 2017 summer internship position. Qualified individuals will be current MBA students or Bachelors graduates in economics or finance.  Applications are due by April  7th.. Click below for more information and application requirements. 2017 Graduate... Read More 

WestWater Research is now seeking applicants for the 2017 summer internship position. Qualified individuals will be current MBA students or Bachelors graduates in economics or finance.  Applications are due by April  7th..

Click below for more information and application requirements.

2017 Graduate Student Internship Posting

If you are interested in an internship with WestWater, please send your cover letter and resume to employment@waterexchange.com.

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03/14/2017 The Value of Water in the Real Estate Industry

Brett Bovee recently wrote a short article for the Colorado Real Estate Journal describing basic concepts in valuing water rights, and providing some basic water market statistics for the Northern Colorado region.  The article explains the underlying concepts that frame... Read More 

Brett Bovee recently wrote a short article for the Colorado Real Estate Journal describing basic concepts in valuing water rights, and providing some basic water market statistics for the Northern Colorado region.  The article explains the underlying concepts that frame how water rights are valued in transactions and how WestWater often looks at the value of a particular water right.

Read the full article here

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03/01/2017 Former US Interior Water Finance Fellow Joins WestWater Research as Operating Advisor

BOISE, Idaho – West Water Research is pleased to announce that Dr. Martin Doyle has joined the firm as an operating advisor for the Western-based water marketing and economic consulting firm. He will be assisting the firm with strategic initiatives... Read More 

BOISE, Idaho – West Water Research is pleased to announce that Dr. Martin Doyle has joined the firm as an operating advisor for the Western-based water marketing and economic consulting firm. He will be assisting the firm with strategic initiatives as well as identifying and evaluating water marketing and water resource investment opportunities.

“WestWater has built their practice on empiricism-on actual data of water transactions-and that is what is desperately essential for 21st-century water markets and water infrastructure finance,” said Dr. Doyle of WestWater’s history and valuation methods.

Dr. Doyle is one of the nation’s top experts on water markets and water infrastructure finance. In 2016 Doyle was appointed a Senior Conservation Finance Fellow at the US Department of Interior’s Natural Resource Investment Center where he worked to enable water transactions throughout the western US and develop alternative finance approaches for water infrastructure, particularly infrastructure managed by the Bureau of Reclamation or the US Army Corps of Engineers.

“We are extremely pleased that Martin has chosen to partner with WestWater to continue his work in developing marketing and financing opportunities in water,” said Clay Landry, Managing Director of WestWater Research. “Martin was instrumental in the development of the Interior’s Natural Resource Investment Center. His relationships and experience will be invaluable to WestWater’s clients and consulting practice.”

Dr. Doyle is a faculty member at Duke’s Nicholas School of the Environment and director of the Water Policy Program at Duke’s Nicholas Institute for Environmental Policy Solutions. He has spent 15 years as an academic developing internationally recognized research programs in in-stream flows, reservoir management, aging infrastructure, and a wide variety of environmental markets from water rights to water quality to wetland and stream habitat mitigation.

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01/19/2017 WestWater Completes New Study on the Economics of Water Sharing Agreements

WestWater Research recently completed a new study for Environmental Defense Fund on the economics of water sharing agreements between municipal water providers and agricultural water right holders in Colorado.  These types of agreements are referred to as Alternative Transfer Mechanisms... Read More 

WestWater Research recently completed a new study for Environmental Defense Fund on the economics of water sharing agreements between municipal water providers and agricultural water right holders in Colorado.  These types of agreements are referred to as Alternative Transfer Mechanisms (ATMs) in Colorado, and state policy goals have advocated for increased use of ATMs in the coming decades to reduce the amount of “buy and dry” occurring on the rapidly growing Colorado Front Range.  The study was intended to look at the financial cost of ATM water acquisitions for municipalities as compared to more traditional water supply options, and is one of the first investigations on the economic side of this important issue.

Read the full study here

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01/18/2017 Q1 2017 Water Market Insider: 2017 Water Market Outlook

There is money to be made in the water market, but it does not always come easy. Growing demands for water supplies across the United States has given further focus to water rights as an asset.  Over the past ten years, the... Read More 

There is money to be made in the water market, but it does not always come easy. Growing demands for water supplies across the United States has given further focus to water rights as an asset.  Over the past ten years, the water rights market has become an increasingly attractive private investment, but water transactions are often complex for many reasons. The current issue of the Water Market Insider  discusses the ever growing water market and the financial, environmental, and regulatory factors that influence this burgeoning commodity.

Read the full issue here.

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01/05/2017 WestWater Intern Explores Water Credit Trading Idea in Eastern Idaho

Last summer, WestWater intern Ryan Shepler conducted an analysis of different ways that groundwater irrigators in Eastern Idaho could meet groundwater use reduction obligations imposed by a 2015 settlement agreement with senior-priority surface water users.  An on-farm crop budget analysis... Read More 

Last summer, WestWater intern Ryan Shepler conducted an analysis of different ways that groundwater irrigators in Eastern Idaho could meet groundwater use reduction obligations imposed by a 2015 settlement agreement with senior-priority surface water users.  An on-farm crop budget analysis showed that a credit trading program could provide economic efficiency across the groundwater districts as a way to isolate the reduction obligation to the lowest value crops and lands. WestWater presented the findings of the analysis to IGWA at their most recent board meeting.

Read the full story here

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