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Economic Analysis of Zero-Grade Rice and Land Tenure

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  • Hignight, Jeffrey
  • Watkins, K.
  • Anders, Merle M.

Abstract

Fields precision leveled to a zero grade require significantly less applied water and provide significant savings in annual production expenses relative to contour levee rice fields. However, zero-grade is a land improvement and requires a large initial capital investment. This study uses a Net Present Value (NPV) approach to evaluate the monetary benefits of zero-grade rice production for tenants and landlords under alternative rental arrangements. Results indicate both parties can gain positive monetary benefits under most lease structures in the long run but may experience short run monetary losses if yields decline during the initial years after the land improvement.

Suggested Citation

  • Hignight, Jeffrey & Watkins, K. & Anders, Merle M., 2009. "Economic Analysis of Zero-Grade Rice and Land Tenure," Journal of the ASFMRA, American Society of Farm Managers and Rural Appraisers, vol. 2009, pages 1-10.
    • Handle: RePEc:ags:jasfmr:189858
    DOI: 10.22004/ag.econ.189858
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    References listed on IDEAS

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    1. Rainey, Ronald L. & Dixon, Bruce L. & Ahrendsen, Bruce L. & Parsch, Lucas D. & Bierlen, Ralph W., 2005. "Arkansas Landlord Selection of Land-Leasing Contract Type and Terms," International Food and Agribusiness Management Review, International Food and Agribusiness Management Association, vol. 8(1), pages 1-19.
    2. Young, Kenneth B. & Carreira, Rita I. & Wailes, Eric J. & Goodwin, Harold L., Jr., 2005. "Economics of Transporting Poultry Litter from Northwest Arkansas to Eastern Arkansas Croplands," 2005 Annual Meeting, February 5-9, 2005, Little Rock, Arkansas 35635, Southern Agricultural Economics Association.
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    Cited by:

    1. Adams, Kerr & Kovacs, Kent & West, Grant, 2017. "Return on investment in irrigation practices in response to the rate of adoption on an agricultural landscape," 2017 Annual Meeting, February 4-7, 2017, Mobile, Alabama 252734, Southern Agricultural Economics Association.
    2. Tran, Dat Q. & Kovacs, Kent & Wallander, Steven, 2020. "Optimal groundwater augmentation through managed aquifer recharge and on-farm reservoir under uncertainty and risk," 2020 Annual Meeting, July 26-28, Kansas City, Missouri 304295, Agricultural and Applied Economics Association.
    3. Watkins, K. Bradley & Hristovska, Tatjana & Mazzanti, Ralph & Wilson, Charles E., Jr., "undated". "Measuring Technical, Allocative, and Economic Efficiency of Rice Production in Arkansas using Data Envelopment Analysis," 2013 Annual Meeting, February 2-5, 2013, Orlando, Florida 142962, Southern Agricultural Economics Association.

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    Keywords

    Financial Economics; Land Economics/Use;

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