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NORMALIZED AGRICULTURAL PRICES AND WATER RESOURCES PLANNING 1
Author(s) -
Miller Jon R.
Publication year - 1980
Publication title -
jawra journal of the american water resources association
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.957
H-Index - 105
eISSN - 1752-1688
pISSN - 1093-474X
DOI - 10.1111/j.1752-1688.1980.tb03900.x
Subject(s) - water resources , agriculture , economics , term (time) , econometrics , natural resource economics , agricultural economics , business , physics , geography , ecology , archaeology , quantum mechanics , biology
Short‐term fluctuations in agricultural markets necesitate adjustments in market prices for use in water resources planning. Two procudures for this price normalizing are described and evaluated. The linear treand and weighted average normalizing procedures perform reasonably well, except in cases of dramatic price oscillations.