A General Model for Evaluating Agricultural Flood Plains

Ronald D. Lacewell and Vernon Eidman

American Journal of Agricultural Economics, 1972, vol. 54, issue 1, 92-101

Abstract: An important part of agricultural flood plain development is providing flood protection. However, planning procedures have been criticized for (1) considering only flood protection methods as means of coping with flood losses, (2) developing inequitable land owner assessments following installation of a protection project, and (3) inadequately anticipating land use adjustments and their effect on project benefits. The model discussed in this paper can be used to estimate the incidence of agricultural flood damages and avoid the above criticisms. The model can be used to evaluate alternative protection plans, estimate flood insurance premiums, equitably allocate assessments, and select improved land use patterns.

Date: 1972
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