 Estimating Agricultural Acreage Responses to Input Prices: Groundwater in CaliforniaA chapter in Sustainable Resource Development in the 21st Century, 2023, pp 93-106 from Springer Abstract: Abstract Water is arguably the most important input in California agriculture, and its importance has been highlighted by recent droughts. Farmers and researchers both have long been interested in the marginal value of agricultural water and its impact on production. However, due to a patchwork of legal doctrines, historic water rights, and the absence of any reliable market for agricultural water, estimates of water’s value in California agriculture have been challenging to come by (Buck et al., 2014). However, producers in California generally have the option to pump groundwater as a source of last resort. This pumping is largely unregulated, and only recently has California’s 2014 Sustainable Groundwater Management Act begun to impact farmers’ behavior. Producers who rely on groundwater use energy (electricity or fuel) to pump water up from an underlying aquifer. Therefore, the cost structure for groundwater is straightforward: the deeper the well, the more expensive the water. Date: 2023 There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:spr:nrmchp:978-3-031-24823-8_8 Ordering information: This item can be ordered from DOI: 10.1007/978-3-031-24823-8_8 Access Statistics for this chapter More chapters in Natural Resource Management and Policy from Springer |
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