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A Bioeconomic Simulation Analysis of Regulating Groundwater Irrigation
Author(s) -
Mapp Harry P.,
Eidman Ver R.
Publication year - 1976
Publication title -
american journal of agricultural economics
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.949
H-Index - 111
eISSN - 1467-8276
pISSN - 0002-9092
DOI - 10.2307/1239256
Subject(s) - irrigation , groundwater , environmental science , structural basin , water resource management , deficit irrigation , net present value , unit (ring theory) , agricultural engineering , hydrology (agriculture) , economics , irrigation management , mathematics , production (economics) , ecology , geology , engineering , macroeconomics , paleontology , geotechnical engineering , mathematics education , biology
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.