Irrigation, risk aversion, and water right priority under water supply uncertainty
This paper explores the impacts of a water right's allocative priority—as an indicator of farmers' risk-bearing ability—on land irrigation under water supply uncertainty. We develop and use an economic model to simulate farmers' land irrigation decision and associated economic returns in eastern Ida...
| Main Authors: | , , |
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| Format: | Journal Article |
| Language: | Inglés |
| Published: |
American Geophysical Union
2017
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| Subjects: | |
| Online Access: | https://hdl.handle.net/10568/147920 |
| _version_ | 1855528122276904960 |
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| author | Li, Man Xu, Wenchao Rosegrant, Mark W. |
| author_browse | Li, Man Rosegrant, Mark W. Xu, Wenchao |
| author_facet | Li, Man Xu, Wenchao Rosegrant, Mark W. |
| author_sort | Li, Man |
| collection | Repository of Agricultural Research Outputs (CGSpace) |
| description | This paper explores the impacts of a water right's allocative priority—as an indicator of farmers' risk-bearing ability—on land irrigation under water supply uncertainty. We develop and use an economic model to simulate farmers' land irrigation decision and associated economic returns in eastern Idaho. Results indicate that the optimal acreage of land irrigated increases with water right priority when hydroclimate risk exhibits a negatively skewed or right-truncated distribution. Simulation results suggest that prior appropriation enables senior water rights holders to allocate a higher proportion of their land to irrigation, 6 times as much as junior rights holders do, creating a gap in the annual expected net revenue reaching up to $141.4 acre−1 or $55,800 per farm between the two groups. |
| format | Journal Article |
| id | CGSpace147920 |
| institution | CGIAR Consortium |
| language | Inglés |
| publishDate | 2017 |
| publishDateRange | 2017 |
| publishDateSort | 2017 |
| publisher | American Geophysical Union |
| publisherStr | American Geophysical Union |
| record_format | dspace |
| spelling | CGSpace1479202025-12-08T10:11:39Z Irrigation, risk aversion, and water right priority under water supply uncertainty Li, Man Xu, Wenchao Rosegrant, Mark W. water management water availability water rights irrigation agricultural economics climate change This paper explores the impacts of a water right's allocative priority—as an indicator of farmers' risk-bearing ability—on land irrigation under water supply uncertainty. We develop and use an economic model to simulate farmers' land irrigation decision and associated economic returns in eastern Idaho. Results indicate that the optimal acreage of land irrigated increases with water right priority when hydroclimate risk exhibits a negatively skewed or right-truncated distribution. Simulation results suggest that prior appropriation enables senior water rights holders to allocate a higher proportion of their land to irrigation, 6 times as much as junior rights holders do, creating a gap in the annual expected net revenue reaching up to $141.4 acre−1 or $55,800 per farm between the two groups. 2017 2024-06-21T09:23:30Z 2024-06-21T09:23:30Z Journal Article https://hdl.handle.net/10568/147920 en Open Access American Geophysical Union Li, Man; Xu, Wenchao; and Rosegrant, Mark W. Irrigation, risk aversion, and water right priority under water supply uncertainty. 2017. Water Resources Research 53(9): 7885-7903. https://doi.org/10.1002/2016WR019779 |
| spellingShingle | water management water availability water rights irrigation agricultural economics climate change Li, Man Xu, Wenchao Rosegrant, Mark W. Irrigation, risk aversion, and water right priority under water supply uncertainty |
| title | Irrigation, risk aversion, and water right priority under water supply uncertainty |
| title_full | Irrigation, risk aversion, and water right priority under water supply uncertainty |
| title_fullStr | Irrigation, risk aversion, and water right priority under water supply uncertainty |
| title_full_unstemmed | Irrigation, risk aversion, and water right priority under water supply uncertainty |
| title_short | Irrigation, risk aversion, and water right priority under water supply uncertainty |
| title_sort | irrigation risk aversion and water right priority under water supply uncertainty |
| topic | water management water availability water rights irrigation agricultural economics climate change |
| url | https://hdl.handle.net/10568/147920 |
| work_keys_str_mv | AT liman irrigationriskaversionandwaterrightpriorityunderwatersupplyuncertainty AT xuwenchao irrigationriskaversionandwaterrightpriorityunderwatersupplyuncertainty AT rosegrantmarkw irrigationriskaversionandwaterrightpriorityunderwatersupplyuncertainty |