A bioeconomic simulation analysis of regulating groundwater irrigation [Tax, income, USA]

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 m...

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Bibliographic Details
Published in:American journal of agricultural economics 1976-08, Vol.58 (3), p.391-402
Main Authors: Mapp, Harry P., Eidman, Vernon R.
Format: Article
Language:English
Subjects:
bioeconomic simulation model
Crops
Groundwater
Income taxes
Irrigation
Irrigation water
Net income
Ogallala
Pumping
regulating groundwater irrigation
Soil water
Water consumption
Water resources
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Summary: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.
ISSN:0002-9092
1467-8276
DOI:10.2307/1239256