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<br />Discussion: Advantages and Drawbacks <br />of Agricultural Transfer Alternatives: <br />Buy and Dry <br /> <br />~ <br />- Simple, clear and certain <br />- Maximized benefit to farmer <br />who is really done <br />- Rewards farmer's long term <br />investment <br />- Can continue to dryland farm <br />- Can keep in open space through <br />easements <br />Buyer gets the water <br />Buyer has maximum flexibility <br />Exercise of property rights <br /> <br />Drawbacks <br />Possible third party impact <br />to: <br />- Other farmers <br />- Local businesses <br />- Sense of community <br />Local jurisdictions <br />- Environment <br />- Recreation <br />- Other institutions <br /> <br />Discussion: Advantages and Drawbacks <br />of Agricultural Transfer Alternatives: <br />Rotational Fallowing <br /> <br />~ <br />- Encourages continuation of <br />agriculture <br />- Encourages maintenance of <br />open space <br />Maintains bulk of streamflows <br />in all years <br />Feasible farmer compensation <br />possible <br />- Supplement agriculture <br />finances <br />Helps meet the "Gap" <br />- Limits third party impacts <br /> <br />Drawbacks <br />- Works best with larger <br />irrigated areas <br />- Easiest to set up with single <br />farmer <br />- Somewhat restrictive, <br />invasive to farmers <br />- Substantial up-front effort can <br />be required <br /> <br />20 <br />