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This paper investigates spatial, quality and temporal factors impacting the pricing of calves and yearlings in the western United States using data from a satellite video auction and a hedonic regression framework. Results suggest that spatial price discounts received by western ranchers closely match reported shipping costs and, thus, are consistent with free-on-board pricing and competitive procurement. This study also identifies the presence of temporal price premiums, on average, for seller-offered forward contracts at video auctions. With respect to quality attributes, this study provides estimates of the marginal value associated with various quality attributes and management practices, including vaccination protocols, weaning, certified Angus beef candidates, and age and source verification. Finally, we show that the considerable year-to-year variability in estimated valuations for value-added attributes in hedonic regression models of cattle pricing can be linked to the stage of the cattle cycle, with premiums paid by buyers being attenuated when cattle inventories are high.

More frequent drought is projected for California. As water supplies constrict, and urban growth and out-migration spread to rural areas, trade-offs in water use for agriculture, biodiversity conservation, fire hazard reduction, residential development, and quality of life will be exacerbated. The California Black Rail (Laterallus jamaicensis coturniculus), state listed as "Threatened," depends on leaks from antiquated irrigation district irrigation systems for much of its remnant small wetland habitat in the north central Sierra Nevada foothills. Residents of the 1295 km² foothill habitat distribution of the Black Rail were surveyed about water use. Results show that the most Black Rail habitat is owned by those purchasing water to irrigate pasture, a use that commonly creates wetlands from leaks and tailwater. Promoting wildlife, agricultural production, and preventing wildfire are common resident goals that call for abundant and inexpensive water; social and economic pressures encourage reduction in water use and the repair of leaks that benefit wildlife and greenery. Broad inflexible state interventions to curtail water use are likely to create a multitude of unintended consequences, including loss of biodiversity and environmental quality, and alienation of residents as valued ecosystem services literally dry up. Adaptive and proactive policies are needed that consider the linkages in the social-ecological system, are sensitive to local conditions, prevent landscape dewatering, and recognize the beneficial use of water to support ecosystem services such as wildlife habitat. Much Black Rail habitat is anthropogenic, created at the nexus of local governance, plentiful water, agricultural practices, historical events, and changing land uses. This history should be recognized and leveraged rather than ignored in a rush to "save" water by unraveling the social-ecological system that created the landscape. Policy and governance needs to identify and prioritize habitat areas to maintain during drought.