CROP-WATER PRODUCTION FUNCTIONS: ECONOMIC IMPLICATIONS FOR COLORADO

Paul G. Hoyt

No 277591, Staff Reports from United States Department of Agriculture, Economic Research Service

Abstract: Crop-water production functions are estimated for corn, soybeans, and sugar beets grown in Colorado with two irrigation efficiency levels. Farmers with high-cost water can conserve water and increase profits by applying profit- rather than yield-maximizing water quantities if crop prices are low. Application efficiencies. have a greater effect on profits at high water costs, but a greater effect on water use at low water costs.. Water supply restrictionsof 10 percent or less have a small effect on farm profits. Farmers should .maintain full Acreage in production and reduce water, applications per acre.for maximum profits under water supply restrictions of 20 percent or less.

Keywords: Crop Production/Industries; Resource/Energy Economics and Policy (search for similar items in EconPapers)
Pages: 24
Date: 1984-06
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Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:ags:uerssr:277591

DOI: 10.22004/ag.econ.277591

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