(GRAND ISLAND, NE)- The Central Platte Natural Resources District (CPNRD) has started the pre-approval process for the Groundwater Exchange Program, which provides a way for producers to buy or sell water use for the upcoming irrigation season. During the pre-approval process, staff verifies that all participants are in compliance with CPNRD’s Rules and Regulations, document whether the participant is acting as a buyer or seller, the location and amount of water use, and whether the buyers want to purchase water for irrigation or for streamflow. Those interested in participating must be pre-approved byNovember 23, 2016.
The online bid window for those pre-approved will be open from December 1 through December 9, 2016. Buyers and sellers will go online to the CPNRD Exchange website with the personal ID that staff has provided to them. Sellers will enter the amount that they would like to receive for their water use, and buyers will enter how much they are willing to pay.
Central Platte NRD and the Nebraska Department of Natural Resources have partnered in the financial cost to develop an algorithm that selects the best matches based on information that each seller and buyer enters- such as the price, location of water, and the depletion to the river. The program then generates a report of all the matched exchanges. The NRD’s Rules and Regulations regarding the transfers of groundwater irrigated acres are built into the computer program. Bids are based on acres, consumptive use, and streamflow depletion to the Platte River.
The National Economic Research Associates (NERA) is the consulting firm who developed the computer program, accepts the bids, and provides CPNRD with the results. For more information, contact CPNRD at (308) 385-6282 or visitwww.market4water.com.