\begin{frame}{Chapter II}
	\huge
	\bf{Policy Interactions of Water Conservation Programs.}
%	\bf{Policy Interactions of Water Conservation Programs. Is Efficiency Always Efficient?}

\end{frame}
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\begin{frame}{Guiding Question}
	\Large
	How does Subdistrict 1 water management change the efficacy of federal payment for environmental services (PES) water conservation efforts?
	\large
	\vfill
\onslide<2-> Staggered DiD study of the Conservation Reserve Enhancement Program (CREP) for Subdistrict 1 farms initiated in 2014. 
	\begin{itemize}
		\onslide<3->{\item{Effect from enrolled wells, neighboring wells, and selection in the program }}
		\onslide<4->{\item{The federal PES conserves 32\% less ground water. }}
		\onslide<5->{\item{Program costs rise by 29.5\%. }}
		\onslide<6->{\item{Payment flows to the farmers most harmed by the Subdistrict pumping fee.}}
	\end{itemize}
\end{frame}
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