Impacts Of Energy Cost Increases On Irrigated Land Values
AbstractIrrigation development in the Pacific Northwest expanded rapidly during the 1960s and 1970s when economic conditions, including very cheap electricity for pumping water, were favorable for this activity. Thousands of acre of land were irrigated that required lifting water 400 feet or more. The cost of energy for irrigation pumping has risen as much as 400% in recent years, and many of these high pump lift farms are in serious economic difficulty. This study shoes that farms with pump lifts exceeding 400 feet will not be able to replace capital irrigation equipment to remain in production in the long run. Land values on these farms will be determined by dryland production alternatives leaving no rents to sustain the incentive for irrigation.
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Bibliographic InfoArticle provided by Western Agricultural Economics Association in its journal Western Journal of Agricultural Economics.
Volume (Year): 12 (1987)
Issue (Month): 01 (July)
Land Economics/Use; Resource /Energy Economics and Policy;
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Emanuel Melichar, 1984. "A financial perspective on agriculture," Federal Reserve Bulletin, Board of Governors of the Federal Reserve System (U.S.), issue Jan, pages 1-13.
- Edwards, Brian K. & Howitt, Richard E. & Flaim, Silvio J., 1996. "Fuel, crop, and water substitution in irrigated agriculture," Resource and Energy Economics, Elsevier, vol. 18(3), pages 311-331, October.
- Konyar, Kazim, 2001. "Assessing the role of US agriculture in reducing greenhouse gas emissions and generating additional environmental benefits," Ecological Economics, Elsevier, vol. 38(1), pages 85-103, July.
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