Economic Analysis of Zero-Grade Rice and Land Tenure

Jeffrey Hignight, K. Watkins and Merle M. Anders

Journal of the ASFMRA, 2009, vol. 2009, 10

Abstract: Fields precision leveled to a zero grade require significantly less applied water and provide significant savings in annual production expenses relative to contour levee rice fields. However, zero-grade is a land improvement and requires a large initial capital investment. This study uses a Net Present Value (NPV) approach to evaluate the monetary benefits of zero-grade rice production for tenants and landlords under alternative rental arrangements. Results indicate both parties can gain positive monetary benefits under most lease structures in the long run but may experience short run monetary losses if yields decline during the initial years after the land improvement.

Keywords: Financial Economics; Land Economics/Use (search for similar items in EconPapers)
Date: 2009
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

Downloads: (external link)
https://ageconsearch.umn.edu/record/189858/files/308_Hignight.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ags:jasfmr:189858

DOI: 10.22004/ag.econ.189858

Access Statistics for this article

More articles in Journal of the ASFMRA from American Society of Farm Managers and Rural Appraisers Contact information at EDIRC.
Bibliographic data for series maintained by AgEcon Search ().