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<br />greatly increase costs to both municipal and agricultural users. The relative <br /> <br />inelasticity of the municipal de~and for water would probably mean there would <br /> <br />be little effect on water use for that purpose but greater dislocations could <br /> <br />occur among agricultural users. Unless increased costs can be reflected in <br /> <br />the prices of agricultural commodities (especially beef, which consumes most <br />tl5 <br />of the crops grown with Colorado River Basin water ) many farmers and ranch- <br /> <br />ers could be put out of business. Alternatively these agricultural users must <br /> <br />find ways co use less water -- a suggestion with considerable promise for <br /> <br />86 <br />girding thew against increased competition. <br /> <br />(s:-.ll <br /> <br />APPROACHES TO FUTURE PROBLEMS <br /> <br />There are several approaches that might cut across and address the range <br /> <br />of issues raised in this paper. Some have been mentioned in the discussions <br /> <br />of particular issues. These approaches are suggested, though not necessarily <br /> <br />advocated, as ways that ought to be considered in dealing with the river's <br /> <br />future. <br /> <br />(sI:2) <br /> <br />Revising The Law Of The River <br /> <br />Host problems concerning the allocation and management of river resources <br /> <br />ideally would be resolved by murual agreement of the states acted on by Con- <br />tl7 <br />gress (i.e., by compacr). History has shown that the requisite assent of <br /> <br />the parties is tremendously difficult to obtain. Further compacts among the <br /> <br />Colorado River Basin states perhaps have the greatest promise where the <br /> <br />parties already are in general agreement and have a common ground for imple- <br /> <br />~enting their intentions. <br /> <br />Congress c.ould take unilateral action to revise or interpret the "Law of <br /> <br />the River." The prospects of it doing so are slight unless considerable in- <br /> <br />- 24 - <br />