Report: Texas Water Woes Need Market Solution

Texas’ water problems could be severe enough to impede economic growth, according to a report from the Federal Reserve Bank of Dallas that says the best way to address the problems is a free-market approach to water allocation. But experts on water policy say that the report's suggestions would be a radical departure from current allocation methods and that prioritizing water needs is not as simple as the report suggests.

As the state's population grows, water supplies are drying up. Currently, the farming sector is the state’s thirstiest — accounting for 61 percent of statewide water consumption — ...

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