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Impact

Trading water resources online

NSF's I-Corps helped launch Mammoth Trading, a small business that creates online smart markets to lease water rights

Mammoth Trading created an online system to lease water rights.


Mammoth Trading created an online system to lease water rights.
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January 2, 2018

By 2025, two-thirds of the global population could face water shortages. Conflicts over water resource management are increasing, with large sums spent on litigation. To ease these challenges, Mammoth Trading launched an online market system to lease water rights. Mammoth grew out of NSF-funded research on the economic and environmental effects of groundwater pumping rights. It provides new risk management tools for farmers, reduces the cost of water reallocation, and leads to an increase in agricultural productivity and profits, while maintaining or improving environmental conditions and resource sustainability. The approach could extend to other natural resources as well.

NSF Directorate(s):
Directorate for Geosciences

Locations
Illinois

Related Awards
#1313526 I-Corps: An Online Clearing House for Trading Resource Use Rights with Environmental and Spatial Constraints

This NSF Impact is one of thousands of research outcomes made possible by NSF that help fuel the U.S. economy, enhance national security and sustain U.S. global leadership by advancing knowledge. You can search for more NSF Impacts at https://www.nsf.gov/impacts.

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