“…In 2007, in the midst of the millennium drought, the Australian government funded a package of A$12.8 billion, named Water for the Future, that earmarked A$3.1 billion for the purchase of water entitlements from willing sellers (Grafton, 2017). In the Guadiana Basin, Spain, the state used EU funds to compensate farmers willing to stop or reduce groundwater abstraction to preserve natural ecosystems (Closas et al, 2017). In France, irrigators in critical areas used their OUGC status to negotiate benefits, such as subsidies for on-farm storage as an alternative source of water (Loubier, personal communication, May 2, 2016).…”