
\begin{table}  %[h]
   \caption{Probit model of selection into CREP}\label{REG:SELECT_PROBIT}
   \centering
   \begin{tabular}{lcc}
      \tabularnewline \midrule \midrule
      Dependent Variable: & \multicolumn{2}{c}{Well Enters CREP}\\
      Model:                          & (1)             & (2)\\  
      \midrule
      \underline{\emph{Variables}}\\
      Change in Avg. Water Use (AF)   & -0.0050$^{***}$ &   \\   
                                      & (0.0013)        &   \\   
Pre-Fee pumping (AF/year)  &                 & 0.0049$^{***}$\\   
                                      &                 & (0.0012)\\   
      Post-Fee Pumping (AF/year) &                 & -0.0055$^{***}$\\   
                                      &                 & (0.0018)\\   
      Water Rights (AF)               & -0.1928$^{***}$ & -0.1871$^{***}$\\   
                                      & (0.0552)        & (0.0536)\\   
      Well Depth (log feet)           & 0.1875$^{*}$    & 0.2213$^{**}$\\   
                                      & (0.1030)        & (0.1068)\\   
      Potatoes (\%)                   & -1.267$^{***}$  & -1.257$^{***}$\\   
                                      & (0.2452)        & (0.2445)\\   
      Alfalfa (\%)                    & -0.1998         & -0.1781\\   
                                      & (0.1667)        & (0.1680)\\   
      Other Crops (\%)                & 0.3271          & 0.3073\\   
                                      & (0.2455)        & (0.2481)\\   
      \midrule
      \underline{\emph{Fixed effects}}\\
      Ditch                           & $\checkmark$    & $\checkmark$\\   
      
      \midrule
      \underline{\emph{Fit statistics}}\\
      Observations                    & 2,149           & 2,149\\  
      Squared Correlation             & 0.14192         & 0.14612\\  
      Pseudo R$^2$                    & 0.20896         & 0.20959\\  
      BIC                             & 821.08          & 828.17\\  
      \midrule \midrule
      
      \multicolumn{3}{l}{\emph{Heteroscedasticity-robust standard errors in parentheses}}\\
      \multicolumn{3}{l}{\emph{Signif. Codes: ***: 0.01, **: 0.05, *: 0.1}}\\
      \midrule
   \end{tabular}
   
   \par \raggedright 
   \hspace{2cm}Pre-Fee pumping rate is the average yearly AF extracted from 2009 to 2010.\\
   \hspace{2cm}Post-Fee pumping rate is the average yearly AF extracted from 2011 to 2013.\\
   \hspace{3cm}This excludes all years after \ac{CREP} is active (2014-2024)\\
   \hspace{2cm}\emph{Change in Avg. Water Use} is calculated by subtracting the Post-Fee variable\\
   \hspace{3cm} by the Pre-Fee variable.

\end{table}
