Frequently Asked Questions about the GA-FIT Auction
The Georgia Flow Incentive Trust (GA-FIT) is a project designed to test innovative drought responses to protect Georgia’s streams while also protecting the economic well-being of Southwest Georgia farmers. The project is capitalizing on recent data and research to design a more targeted, quantified, and effective approach to agricultural water conservation during drought, with a focus on incentives for voluntary irrigation suspension. By field-testing new incentives for drought response with real farmers, we aim to attain benefits for endangered species and water users when water is most scarce – and most needed.
No. This March, we are hosting a REAL auction for irrigation reduction incentive contracts. This auction is part of an experiment BUT it is NOT just a survey. We are seeking REAL information from REAL farmers concerning their willingness to implement REAL irrigation reduction strategies in exchange for REAL money. We will execute contracts with farmers in the Ichawaynochaway Basin this year following our March 14-18 irrigation auction.
We are testing three different irrigation reduction scenarios. We’re asking farmers to tell us what they would be willing to accept as payment for agreeing to enter a contract for each of the options described below. Essentially, we’re asking famers to “fill in the blank” in the following sentences for each individual field for which they submit a bid:
- Option A: If you pay me _____ dollars per acre, I agree not to irrigate this field at all until after December 31, 2022.
- Option B: If you pay me _____ dollars per acre, I won’t apply more than six inches of irrigation per acre on this field until after December 31, 2022.
- Option C: I will accept an up-front payment of $35 per acre and agree for this field to be placed in a pool of fields on which irrigation could be interrupted during the remainder of the calendar year depending on stream conditions. If the flow at the USGS gauge at Milford falls below 50 cfs on a seven-day average, I will suspend irrigation on this field until after December 31 if you pay me an additional _____ dollars per acre.
Option C is explained in this graphic.
You can learn more about the 50 cfs drought metric at Milford by examining this graph.
Flows have gone below this drought metric in eight of the last 30 years (2000, 2002, 2006, 2007, 2008, 2011, 2012 and 2013) but not at all in the last eight growing seasons.
You can see the real-time flow at Milford by clicking HERE. The real-time flow is an instantaneous flow level. The drought metric is based on the 7-day average of flow levels.
Any farmer that is at least 25 years old and the principal decision-maker for a metered, agricultural irrigation system inside the Ichawaynochaway Basin is eligible to participate. Click HERE to see if your field is inside the Basin.
For each field that you are submitting a bid, you will need the following:
- serial number of the flow meter that measures water use on that field
- irrigated acreage of that field
- water source for that field (ground or surface water and, if ground, which aquifer you’re pumping)
- your bid amounts for the three options described above
We’ll also ask for your name, address, phone number, and email along with just a couple of very quick survey questions at the end.
Yes, you can submit bids for a field in this situation. You will just need to let us know using a check box in the auction platform.
If you have your meter numbers for the fields you want to enter into the auction and have considered your bids ahead of time, the auction should take you no more than 20 minutes to complete. The more fields you submit, the longer it will take.
We understand your time is valuable and have worked to streamline the auction platform as much as possible. We will also give you a $250 Visa gift card if you submit a bid (see below).
As many as you want so long as:
- You are the principal decision-maker for the fields.
- The fields are metered.
- The fields are inside the Ichawaynochaway Basin. See map here.
Yes. All you have to do is submit at least one bid on at least one field in order to receive a Visa gift card worth $250. We will mail the gift cards after the bids are received if you participate online and will provide them immediately to those participating in one of our in-person auction events.
The auction will be live from March 14 to March 18.
We will email a link to the online auction platform to everyone that has signed up ahead of time. A link to the platform will also be placed on the GA-FIT website for anyone that did not pre-register and learns about the program during the auction period (https://ga-fit.org/).
Farmers may complete the auction online anytime between March 14 and March 18.
We will also have in-person opportunities for producers to submit bids during the week at locations around the Basin.
We will close the auction on March 18. We will then review the submitted bids and select bids for contracting based on bid amount, location, source, acreage and other factors. We will notify winners by close of business on March 21 and work to get contracting done as soon as possible. If your bid is selected, we’ll need a little more information from you for the contract, but we will try to keep this process as simple as possible. You can review the contract templates HERE.
If your bid is selected and you execute a contact for Option A or B, we will pay you 75% of your total amount (bid per acre * number of acres) within 30 days of contract execution. The remaining 25% will be paid following successful completion of the contract (January or February 2023).
If your bid is selected and you execute a contract for Option C, we will pay you $35 per acre within 30 days of contract execution (stand-by payment). The remaining payment will only be paid if streamflow conditions dictate execution of irrigation suspension. If so, formal notice will be given, and the remaining amount (suspension payment) will be paid in two payments: 75% within 30 days of the irrigation suspension notice and 25% following successful completion of the contract (January or February 2023).
The contract will provide for the project team to be able to monitor the field and flow meter during the year to ensure compliance with the terms and conditions of the contract.