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14 <br /> Aa The Economic Importance of Water in Kansas <br /> CY2062. Area 2's total economic losses are estimated at$1.4 billion GSP,over 20,000 jobs,and$0.7 billion <br /> labor income (2015$). <br /> Areas 6 and 7 are not projected to experience any economic losses in CY2062 as GMD3 does not estimate <br /> any shortfall in water availability in either geography. <br /> Agriculture, Forestry, Fishing and Hunting ($3.6 billion) and Real Estate and Rental ($3 billion) are <br /> estimated to experience the greatest shortfalls in statewide GSP contributions if GMD3's water availability <br /> estimates for the seven study areas hold true (both 2015$). <br /> Healthcare and Social Services (13.4%of job losses); Agriculture, Forestry, Fishing and Hunting (12.8% of <br /> job losses); and Professional, Scientific and Technical Services (8.8% of job losses) are estimated to <br /> experience the largest employment losses in absolute terms in CY2062 if GMD3's water availability <br /> estimates for the seven study areas hold true. <br /> Apparet Analytics' economic analysis therefore clearly demonstrates the economic importance of water <br /> for the State of Kansas economy today and for a year envisioned 50 years in the Kansas future. <br /> Recommendations for Further Study <br /> The results presented in this study offer a snapshot of potential losses associated with constrained water <br /> availability for a single calendar year (2062). Apparet Analytics therefore recommends a multi-year <br /> analysis to estimate the cumulative economic losses associated with reduced water availability in the <br /> State over a 50-year time horizon. <br /> Apparet Analytics also recommends GMD3 revises the study areas to more closely align with groundwater <br /> management districts and/or the newly formed 14 regional Planning Areas under the Kansas 50 year <br /> water vision initiative prior to the commission of a more detailed study. <br /> Finally,Apparet Analytics recommends the commissioning of a benefit-cost analysis to explore the options <br /> for increasing water availability throughout the State. The leading water strategy identified by the benefit- <br /> cost analysis could then be used in a partial net economic analysis that takes into account the <br /> construction, operational and economic development benefits, investment/financing costs, and the <br /> resulting economic value of increased water availability for residents, agriculture, business, and industry. <br /> 14 <br /> Apparet Analytics 2015 <br />