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Crop-Water Production Functions: Economic Implications For Colorado

Author

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  • Hoyt, Paul G.

Abstract

Crop-water production functions are estimated for corn, soybeans, and sugar beets grown in Colorado with two irrigation efficiency levels. Farmers with high-cost water can conserve water and increase profits by applying profit- rather than yield-maximizing water quantities if crop prices are low. Application efficiencies. have a greater effect on profits at high water costs, but a greater effect on water use at low water costs.. Water supply restrictionsof 10 percent or less have a small effect on farm profits. Farmers should .maintain full Acreage in production and reduce water, applications per acre.for maximum profits under water supply restrictions of 20 percent or less.

Suggested Citation

  • Hoyt, Paul G., 1984. "Crop-Water Production Functions: Economic Implications For Colorado," Staff Reports 277591, United States Department of Agriculture, Economic Research Service.
    • Handle: RePEc:ags:uerssr:277591
    DOI: 10.22004/ag.econ.277591
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    Cited by:

    1. Ebun Akinsete & Stella Apostolaki & Osiel Gonzalez Davila & Amerissa Giannouli & Stavros Gavroglou & Alice Guittard & Phoebe Koundouri & Eleftherios Levantis & Elisavet Mouslech & Vasileios Pergamalis, 2019. "Managing the effects of multiple stressors on aquatic ecosystems under water scarcity," DEOS Working Papers 1906, Athens University of Economics and Business.
    2. Taylor, R. Garth & Young, Robert A., 1995. "Rural-To-Urban Water Transfers: Measuring Direct Foregone Benefits Of Irrigation Water Under Uncertain Water Supplies," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 20(2), pages 1-16, December.
    3. Abu-Madi, Maher O., 2009. "Farm-level perspectives regarding irrigation water prices in the Tulkarm district, Palestine," Agricultural Water Management, Elsevier, vol. 96(9), pages 1344-1350, September.

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