Using Hydro-Economic Modeling to Analyze the Allocation of Agricultural Water in the Southeastern U.S

Lixia He-Lambert, Burton English, Dayton Lambert, Christopher Clark and Thanos Papanicolaou

No 235675, 2016 Annual Meeting, July 31-August 2, Boston, Massachusetts from Agricultural and Applied Economics Association

Abstract: This paper summarizes the modeling framework used to determine the economic value of water for row crops using a partial equilibrium agricultural sector model designed for Tennessee and the Tennessee River Basin (TNAP). The objective of the paper is to outline a framework for determining water use by Tennessee’s agricultural sector, the relative value of water used by agriculture, and potential technology options for adapting to water scarcity with TNAP. The focus is on the major row crops produced in the region, specifically corn, soybeans, wheat, and cotton. Estimates of water availability are generated with predictive water balance models. Metrics for water use and demand are developed from three sources of data: a) primary and secondary farm-level data, b) regional economic-sectoral data, and c) cost-of-production data for crops commonly produced in the region. Shadow prices of water will be estimated by adjusting water quantities available for agricultural activities with the marginal productivity value of farm and non-farm activities.

Keywords: Crop Production/Industries; Research Methods/ Statistical Methods; Resource/Energy Economics and Policy (search for similar items in EconPapers)
Date: 2016-05
New Economics Papers: this item is included in nep-agr and nep-env
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea16:235675

DOI: 10.22004/ag.econ.235675

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