COMPARING PRODUCTION OPTIMIZATION STRATEGIES FOR TEXAS PANHANDLE PRODUCERS IN RESPONSE TO DECLINING WATER AVAILABILITY DUE TO DECLINE IN THE OGALLALA AQUIFER

W. Arden Colette and Lal K. Almas

No 35601, 2005 Annual Meeting, February 5-9, 2005, Little Rock, Arkansas from Southern Agricultural Economics Association

Abstract: In response to the declining availability of irrigation water from the Ogallala aquifer, irrigation at the level where MVP=MFC increases net returns over either irrigating to maximize production or meet 100% of the evapotranspiration (PET) requirements. This prolongs the economic life of the aquifer and increases the efficiency of irrigation.

Keywords: Resource/Energy; Economics; and; Policy (search for similar items in EconPapers)
Pages: 20
Date: 2005
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Persistent link: https://EconPapers.repec.org/RePEc:ags:saeafl:35601

DOI: 10.22004/ag.econ.35601

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