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Analytically, then, the quesition becomes: how has it happened that a constellation of <br />water user organizations that have emerged over the last 130 years to provide a combination of <br />private benefits (e.g. agriculture/in(iustries), and common property resource benefits (e.g., ditch <br />companies, irrigation districts, mur?icipal water suppliers), and small scale collective goods (e.g., <br />environmental organizations working on modest ecosystem patches), have entered into <br />negotiations with a view toward pnaducing on a larger scale than ever before a collective <br />good/property in the form of specie:s habitat? <br />To produce this new form cif collective property, the players have had to agree to <br />transcend and adapt their particulac• private and common property resource rationalities. They <br />have proposed to invest in creative solutions of their own making to produce a product from <br />which they will not capture any mare benefit than anybody else in the basin, the nation, the <br />world. Like others, they know not the value of a plover, a tern, or a whooping crane. Whatever <br />that value, it is not to be measured in market exchange of private goods. They do know that there <br />is no profit in sustaining these umbrella species, and all the life forms that will flourish with <br />them. They know that to enhance t:he environment, their customers and members will pay a bit <br />more for an acre foot of water and ;a kilowatt hour of electricity. They know that they would not <br />have undertaken to produce this collective good if left alone. They also know that they have <br />been capable of negotiating a new regime of things that will-more than has been the case in the <br />past-come closer to reflecting the true costs that our production and consumption of private <br />goods has placed on the river and other living things that depend on it. They would have to <br />adjust their former organizational rationalities to make room on the rivers of the basin for a new <br />collective agenda. All in all, it is an astounding development-undertaken by virtually no other <br />society--and one well worth investigation. <br />5