The Value of Irrigation Water in World Agriculture

Keith Fuglie

No 361277, Miscellaneous Publications from United States Department of Agriculture, Economic Research Service

Abstract: Conclusions • Producer surplus method (change in land rents due to irrigation provision) is a conceptually sound and practicable way of estimating shadow values of irrigation water • Shadow prices of water are location specific – more precise local data will yield more precise estimates • Growth in agricultural TFP raises the shadow price of irrigation water – Over 1987-2017, global average shadow price per 1000 m3 of irrigation water increased from $17 to $48 (at constant 2015 prices) – Total value of irrigation water in world agriculture = $140 billion circa 2017

Keywords: Crop Production/Industries; Land Economics/Use; Research Research Methods/Statistical Methods; Resource/Energy Economics and Policy (search for similar items in EconPapers)
Pages: 14
Date: 2023-03
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Persistent link: https://EconPapers.repec.org/RePEc:ags:uersmp:361277

DOI: 10.22004/ag.econ.361277

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