Flood Insurance as a Component of Land Use Management*

Ronald D. Lacewell and John G. McNeely

Journal of Agricultural and Applied Economics, 1976, vol. 8, issue 1, 175-180

Abstract: Floods will continue to cause damage as long as development continues upon flood-prone lands. Inevitably, flooding occurs, damage ensues and there is personal suffering and loss. A burden of rescue and relief operations falls on all taxpayers. Flood control projects cannot protect against all damage, and not all flood hazard areas are amenable to flood control projects. An alternative to continued construction of engineering works for flood protection is flood plain management. To be effective, this must be brought about through political and legal means. Its purposes are to minimize the consequences of flooding and to achieve, in the long run, an optimum use of the flood plains.

Date: 1976
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