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A Bioeconomic Simulation Analysis of Regulating Groundwater Irrigation

Author

Listed:
  • Harry P. Mapp
  • Vernon R. Eidman

Abstract

This study develops a firm-level bioeconomic simulation model capable of stochastically determining yields for the major dryland and irrigated crops in the central basin of the Ogallala Formation as a function of soil moisture and atmospheric stress during critical stages of plant development. The model is used to evaluate three methods of regulating groundwater irrigation—no restriction, a quantity limitation, and a graduated tax per unit above the quantity limitation. Results differ for poor and adequate water situations but indicate the potential value of an educational program on timing of irrigation application to maximize net farm income.

Suggested Citation

  • Harry P. Mapp & Vernon R. Eidman, 1976. "A Bioeconomic Simulation Analysis of Regulating Groundwater Irrigation," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 58(3), pages 391-402.
    • Handle: RePEc:oup:ajagec:v:58:y:1976:i:3:p:391-402.
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    File URL: http://hdl.handle.net/10.2307/1239256
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    Citations

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    Cited by:

    1. Lee, John G. & Lovejoy, Stephen B., 1991. "Integrated Assessment Of Environmental Effects From Agricultural Production," Northeastern Journal of Agricultural and Resource Economics, Northeastern Agricultural and Resource Economics Association, vol. 20(01), pages 1-7, April.
    2. Boggess, William G. & Amerling, C.B., 1983. "A Bioeconomic Simulation Analysis Of Irrigation Investments," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 15(2), pages 1-7, December.
    3. Dillon, Carl R. & Mjelde, James W. & McCarl, Bruce A., 1989. "Comments on Development and Use of Biophysical Simulation Models," Staff Paper Series 257983, Texas A&M University, Department of Agricultural Economics.
    4. Musser, Wesley N. & Tew, Bernard V., 1984. "Use Of Biophysical Simulation In Production Economics," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 16(01), pages 1-10, July.
    5. Musser, Wesley N., 1994. "Progress In Risk Analysis In Regional Projects," 1994 Quantifying Long Run Agricultural Risks and Evaluating Farmer Responses Risk, Technical Committee Meeting, March 24-26, 1994, Gulf Shores State Park, Alabama 271553, Regional Research Projects > S-232: Quantifying Long Run Agricultural Risks and Evaluating Farmer Responses to Risk.
    6. Boggess, William G., 1984. "Risk Aspects of Irrigation Decisions," Regional Research Projects >1984: S-180 Annual Meeting, March 25-28, 1984, New Orleans, Louisiana 307237, Regional Research Projects > S-180: An Economic Analysis of Risk Management Strategies for Agricultural Production Firms.
    7. Featherstone, Allen M. & Osunsan, Adeyinka W. & Biere, Arlo, 1992. "A Risk Analysis of Alternative Crop and Irrigation Strategies Using Biophysical Simulations," 1992 Occasional Paper Series No. 6 197739, International Association of Agricultural Economists.
    8. Supalla, Raymod J. & Comer, Dorothy A., 1980. "The Economic Value Of Groundwater: Recharge For Irrigation Use," 1980 Annual Meeting, July 27-30, Urbana-Champaign, Illinois 278907, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    9. Menkhaus, Dale J. & Adams, Richard M., 1981. "The Effects Of Feed Prices, Interest Rates And Fed Cattle Prices On Breakeven Feeder Cattle Prices: A Simulation Approach," 1981 Annual Meeting, July 26-29, Clemson, South Carolina 279326, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    10. Lee, John G. & Lacewell, Ronald D., 1989. "Perversion of Risk Aversion: An Application to Farm Planning and Intertemporal Resource Allocation," WAEA/ WFEA Conference Archive (1929-1995) 244977, Western Agricultural Economics Association.
    11. 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.

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