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An empirical assessment of the value of irrigation water: the case study of Murrumbidgee catchment

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  • Muhammad Ejaz Qureshi
  • Ram Ranjan
  • Sumaira Ejaz Qureshi

Abstract

Evaluation of value of irrigation water is essential for supporting policy decision making relating to investments in the irrigation sector, efficient allocation of irrigation water and water pricing and for crafting policies to compare the variable impacts of water reform within and across sectors of the economy. This paper asks the question of how much an established irrigator would pay for water and at what price farmers planning to expand the area they have under irrigation would consider paying for the right to access water. An analytical framework is developed to estimate the net present value of both annual and perennial agricultural activities in the Murrumbidgee catchment. Using these estimates the total value of water used in Murrumbidgee catchment is estimated. An aggregate water supply curve is derived for the catchment from where water may be acquired from irrigators for environmental flows. Copyright 2010 The Author. Journal compilation 2010 Australian Agricultural and Resource Economics Society Inc. and Blackwell Publishing Asia Pty Ltd.

Suggested Citation

  • Muhammad Ejaz Qureshi & Ram Ranjan & Sumaira Ejaz Qureshi, 2010. "An empirical assessment of the value of irrigation water: the case study of Murrumbidgee catchment ," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 54(1), pages 99-118, January.
  • Handle: RePEc:bla:ajarec:v:54:y:2010:i:1:p:99-118
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    File URL: http://hdl.handle.net/10.1111/j.1467-8489.2009.00476.x
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    References listed on IDEAS

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    1. Johansson, Robert C., 2005. "Micro and macro-level approaches for assessing the value of irrigation water," Policy Research Working Paper Series 3778, The World Bank.
    2. M. Ejaz Qureshi & Sumaira E. Qureshi & Tim Goesch & Ahmed Hafi, 2006. "Preliminary Economic Assessment Of Groundwater Extraction Rules," Economic Papers, The Economic Society of Australia, vol. 25(1), pages 41-67, March.
    3. Etherington, Dan M., 1977. "A Stochastic Model For The Optimal Replacement Of Rubber Trees," Australian Journal of Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 21(01), April.
    4. Booker J. F. & Young R. A., 1994. "Modeling Intrastate and Interstate Markets for Colorado River Water Resources," Journal of Environmental Economics and Management, Elsevier, vol. 26(1), pages 66-87, January.
    5. Kumar, M. Dinesh & Malla, A. K. & Tripathy, S. K., 2008. "Economic value of water in agriculture: comparative analysis of a water-scarce and water-rich region in India," Conference Papers h041895, International Water Management Institute.
    6. M. Ejaz Qureshi & Jeff Connor & Mac Kirby & Mohammed Mainuddin, 2007. "Economic assessment of acquiring water for environmental flows in the Murray Basin ," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 51(3), pages 283-303, September.
    7. Lien, G. & Stordal, S. & Hardaker, J.B. & Asheim, L.J., 2007. "Risk aversion and optimal forest replanting: A stochastic efficiency study," European Journal of Operational Research, Elsevier, vol. 181(3), pages 1584-1592, September.
    8. M Ejaz Qureshi & Tian Shi & Sumaira Qureshi & Wendy Proctor & Mac Kirby, 2009. "Removing Barriers to Facilitate Efficient Water Markets in the Murray Darling Basin – A Case Study from Australia," Socio-Economics and the Environment in Discussion (SEED) Working Paper Series 2009-02, CSIRO Sustainable Ecosystems.
    9. Ari M. Michelsen & Robert A. Young, 1993. "Optioning Agricultural Water Rights for Urban Water Supplies During Drought," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 75(4), pages 1010-1020.
    10. D.M. Etherington, 1977. "A Stochastic Model For The Optimal Replacement Of Rubber Trees," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 21(1), pages 40-58, April.
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    Citations

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    Cited by:

    1. Elwin G. Smith & Mark E. Eiswerth & Terrence S. Veeman, 2010. "Current and Emerging Water Issues in Agriculture: An Overview," Canadian Journal of Agricultural Economics/Revue canadienne d'agroeconomie, Canadian Agricultural Economics Society/Societe canadienne d'agroeconomie, vol. 58(s1), pages 403-409, December.
    2. Hughes, Neal, 2011. "Estimating irrigation farm production functions using ABARES irrigation survey data," 2011 Conference (55th), February 8-11, 2011, Melbourne, Australia 100564, Australian Agricultural and Resource Economics Society.
    3. repec:wsi:wepxxx:v:04:y:2018:i:01:n:s2382624x15500204 is not listed on IDEAS
    4. repec:spr:waterr:v:31:y:2017:i:15:d:10.1007_s11269-017-1778-3 is not listed on IDEAS
    5. Jiang, Qiang & Grafton, R. Quentin, 2012. "Economic effects of climate change in the Murray–Darling Basin, Australia," Agricultural Systems, Elsevier, vol. 110(C), pages 10-16.

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