@Moshe-Livne I agree that a floating valve would be a better solution if you had a fixed installation. This would allow you to keep the water on at all times and have the water barrel top itself off continuously. We have such a system, but it is a pain to run the pipes to everywhere the horses need the water, especially in winter when it's freezing. This means we have one of these, but the rest are filled using a regular hose.
The implemented solution works well for having a hose lying around and stretching it to wherever we need to fill the buckets without wasting water or ruining the area by getting too wet. This has happened several times already, and not only was it a pain to clean up, but it also emptied our well so we had to go down and manually restarted everything by filling the system with water.
In short, it is a failsafe system to guard against our own forgetfulness with a great deal of flexibility :-)