SANTA FE (AP) - Two economists and a hydrologist are exploring a water marketmodel in which farmers could trade water rights in real-time viacomputer and see the impact of their actions on the waterway.
Economists from The University of New Mexico and the Universityof Chicago and a hydrologist from Sandia National Laboratories aretesting whether such a market would work in the lab.
Soon, they'll try it out for real in the upper Mimbres Riverbasin.
If the model works, a similar water market could be developedfor other New Mexico rivers.
The water market model has been developed with the input ofabout 20 upper Mimbres River farmers in southern New Mexico.
The market would allow senior water rights holders on the upperMimbres River to lease water to other farmers in the basin.
Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
A District Court judge has ordered city leaders respond to a petition filed by an animal activist on the city's trap-neuter-return approach of managing feral cats.
Police responded to dozens of weather-related crashes in only a matter of hours Sunday.
A small plane crashed at about 8 a.m. Sunday morning on the Canyon Rim Trail near N.M. 502 and the entrance of Los Alamos.
Morning Headlines and Forecast from KRQE New This Morning with Matt Mauro & Meteorologist Kristen Van Dyke.
Sunday night in Albuquerque and around the world people gathered for candlelight vigils to remember the loss of their children.
Department of Agriculture officials are warning customers to not get burned when buying firewood.