IDEAS home Printed from https://ideas.repec.org/a/oup/ajagec/v48y1966i4_part_ip1002-1012..html
   My bibliography  Save this article

Adjusted Benefit-Cost Ratios for Six Recent Reclamation Projects

Author

Listed:
  • A. Myrick Freeman III

Abstract

The Bureau of Reclamation' benefit-cost estimates for six single-purpose projects are reviewed, major sources of bias are identified, and adjustments are made where the required data are readily available. The principal sources of bias in the Bureau's benefit-cost estimates are using a low discount rate, counting secondary benefits, using overoptimistic projections of prices, not counting the opportunity cost of farm labor, and not counting the opportunity cost of water. Adjustments using available data can be made for all but the last. After adjustment, revised benefit-cost ratios are less than one for five of the six projects studied. A comparison of the Bureau's estimated project construction costs with realized costs is favorable.

Suggested Citation

  • A. Myrick Freeman III, 1966. "Adjusted Benefit-Cost Ratios for Six Recent Reclamation Projects," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 48(4_Part_I), pages 1002-1012.
    • Handle: RePEc:oup:ajagec:v:48:y:1966:i:4_part_i:p:1002-1012.
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.2307/1236627
    Download Restriction: Access to full text is restricted to subscribers.
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Holland, Stephen P. & Moore, Michael R., 2003. "Cadillac Desert revisited: property rights, public policy, and water-resource depletion," Journal of Environmental Economics and Management, Elsevier, vol. 46(1), pages 131-155, July.
    2. Spinks, Thomas & Dahl, Dale C., 1981. "Inputs Used in U.S. Farm Production: A Bibliography of Selected Economic Studies, 1950-80," Economics and Statistics Services (ESS) Reports 319963, United States Department of Agriculture, Economic Research Service.
    3. Pfeiffer, George H., 1978. "Benefit-Cost Analysis Of North Dakota'S Garrison Diverson Unit: A Case Study Of Conflicting Interest," Western Journal of Agricultural Economics, Western Agricultural Economics Association, vol. 3(2), pages 1-8, December.
    4. Young, Robert A., 1978. "Economic Analysis And Federal Irrigation Policy: A Reappraisal," Western Journal of Agricultural Economics, Western Agricultural Economics Association, vol. 3(2), pages 1-12, December.
    5. Holland, Stephen P. & Moore, Michael R., 2000. "Cadillac Desert Revisited: Property Rights, Public Policy, And Water-Resource Depletion In The American West," 2000 Annual meeting, July 30-August 2, Tampa, FL 21861, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:oup:ajagec:v:48:y:1966:i:4_part_i:p:1002-1012.. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Oxford University Press (email available below). General contact details of provider: https://edirc.repec.org/data/aaeaaea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.