[go: up one dir, main page]
IDEAS home Printed from https://ideas.repec.org/p/ags/aaea85/278642.html
   My bibliography  Save this paper

The Value Of Soil Water And Weather/Information In Increasing Irrigation Efficiency

Author

Listed:
  • Bosch, Darrell
  • Eidman, Vernon
Abstract
Different levels of soil water and weather information are compared to a situation of very limited information. Generalized stochastic dominance is used to generate a value for each level of information for decisionmakers whose coefficients of absolute risk aversion fall within predetermined bounds. Information is found to have a positive value which is subject to diminishing returns and which varies by level of risk aversion.

Suggested Citation

  • Bosch, Darrell & Eidman, Vernon, 1985. "The Value Of Soil Water And Weather/Information In Increasing Irrigation Efficiency," 1985 Annual Meeting, August 4-7, Ames, Iowa 278642, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    • Handle: RePEc:ags:aaea85:278642
    DOI: 10.22004/ag.econ.278642
    as

    Download full text from publisher

    File URL: https://ageconsearch.umn.edu/record/278642/files/aaea-1985-082.pdf
    Download Restriction: no
    File URL: https://libkey.io/10.22004/ag.econ.278642?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    Other versions of this item:

    References listed on IDEAS

    as
    1. Alchian, Armen A & Demsetz, Harold, 1972. "Production , Information Costs, and Economic Organization," American Economic Review, American Economic Association, vol. 62(5), pages 777-795, December.
    2. Byerlee, Derek R. & Anderson, Jock R., 1982. "Risk, Utility and the Value of Information in Farmer Decision Making," Review of Marketing and Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 50(03), pages 1-16, December.
    3. Sanford J. Grossman & Richard E. Kihlstrom & Leonard J. Mirman, 1977. "A Bayesian Approach to the Production of Information and Learning By Doing," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 44(3), pages 533-547.
    4. Meyer, Jack, 1977. "Choice among distributions," Journal of Economic Theory, Elsevier, vol. 14(2), pages 326-336, April.
    5. Harris, Thomas R. & Mapp, Harry P., Jr., 1980. "A Control Theory Approach To Optimal Irrigation Scheduling In The Oklahoma Panhandle," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 12(1), pages 1-7, July.
    6. Dudek, Daniel J. & Horner, Gerald L. & English, Marshall J., 1981. "The Derived Demand For Irrigation Scheduling Services," Western Journal of Agricultural Economics, Western Agricultural Economics Association, vol. 6(2), pages 1-12, December.
    7. King, Robert P., 1979. "Operational Techniques for Applied Decision Analysis Under Uncertainty," AAEA Fellows - Dissertations and Theses, Agricultural and Applied Economics Association, number 181951, December.
    8. Boggess, W. G. & Lynne, G. D. & Jones, J. W. & Swaney, D. P., 1983. "Risk-Return Assessment of Irrigation Decisions in Humid Regions," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 15(1), pages 135-143, July.
    9. Oscar R. Burt & M. S. Stauber, 1971. "Economic Analysis of Irrigation in Subhumid Climate," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 53(1), pages 33-46.
    10. Luis R. Zavaleta & Ronald D. Lacewell & C. Robert Taylor, 1980. "Open-Loop Stochastic Control of Grain Sorghum Irrigation Levels and Timing," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 62(4), pages 785-792.
    11. Boggess, William G. & Lynne, Gary D. & Jones, James W. & Swaney, D.P., 1983. "Risk-Return Assessment Of Irrigation Decisions In Humid Regions," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 15(1), pages 1-9, July.
    12. E. C. Pasour & J. Bruce Bullock, 1975. "Implications of Uncertainty for the Measurement of Efficiency," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 57(2), pages 335-339.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Musser, Wesley, 1986. "Capital Budgeting Analysis Of Uncertainty In Irrigation Investments," Regional Research Projects > 1986: S-180 Annual Meeting, March 23-26, 1986, Tampa, Florida 272003, Regional Research Projects > S-180: An Economic Analysis of Risk Management Strategies for Agricultural Production Firms.
    2. Lindner, Bob, 1987. "Toward A Framework for Evaluating Agricultural Economics Research," Discussion Papers 315419, University of Western Australia, School of Agricultural and Resource Economics.
    3. Bosch, Darrell J. & Eidman, Vernon R., 1988. "The Effects Of Better Information And Pumping Restrictions On Irrigation Efficiency In Minnesota," Economic Reports 13021, University of Minnesota, Department of Applied Economics.
    4. Lindner, Robert K., 1987. "Toward A Framework For Evaluating Agricultural Economics Research," Australian Journal of Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 31(2), pages 1-17, August.
    5. Cochran, Mark J., 1986. "Stochastic Dominance: The State Of The Art In Agricultural Economics," Regional Research Projects > 1986: S-180 Annual Meeting, March 23-26, 1986, Tampa, Florida 271995, Regional Research Projects > S-180: An Economic Analysis of Risk Management Strategies for Agricultural Production Firms.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Boggess, William G., 1984. "Risk Aspects of Irrigation Decisions," Regional Research Projects >1984: S-180 Annual Meeting, March 25-28, 1984, New Orleans, Louisiana 307237, Regional Research Projects > S-180: An Economic Analysis of Risk Management Strategies for Agricultural Production Firms.
    2. Musser, Wesley N. & Tew, Bernard V., 1984. "Use Of Biophysical Simulation In Production Economics," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 16(1), pages 1-10, July.
    3. Dillon, Carl R. & Mjelde, James W. & McCarl, Bruce A., 1989. "Biophysical Simulation In Support Of Crop Production Decisions: A Case Study In The Blacklands Region Of Texas," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 21(1), pages 1-14, July.
    4. Hatch, L. Upton & Hardy, William E., Jr. & Rochester, Eugene W. & Johnson, Gregory C., 1985. "Optimal Irrigation Pivot Location On Irregularly Shaped Fields," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 17(2), pages 1-8, December.
    5. Hornbaker, Robert H. & Mapp, Harry P., Jr., 1988. "A Dynamic Analysis Of Water Savings From Advanced Irrigation Technology," Western Journal of Agricultural Economics, Western Agricultural Economics Association, vol. 13(2), pages 1-9, December.
    6. Watkins, K. Bradley & Mapp, Harry, 1992. "A Risk and Water Quality Analysis of Alternative Irrigation Technologies Under Different Irrigation Management Strategies," WAEA/ WFEA Conference Archive (1929-1995) 321394, Western Agricultural Economics Association.
    7. Goh, Siew & Shih, Chao-Chyuan & Cochran, Mark J. & Raskin, Rob, 1989. "A Generalized Stochastic Dominance Program For The Ibm Pc," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 21(2), pages 1-8, December.
    8. Boyer, Christopher N. & Larson, James A. & Roberts, Roland K. & McClure, Angela T. & Tyler, Donald D. & Smith, S. Aaron, 2014. "Probability of Irrigated Corn Being Profitable in a Humid Region," 2014 Annual Meeting, February 1-4, 2014, Dallas, Texas 162470, Southern Agricultural Economics Association.
    9. Dillon, Carl R. & Mjelde, James W. & McCarl, Bruce A., 1989. "Comments On Development And Use Of Biophysical Simulation Models," 1989 Annual Meeting, July 30-August 2, Baton Rouge, Louisiana 270723, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    10. Wetzstein, Michael E. & Musser, Wesley N. & McClendon, Ronald W. & Edwards, David M., 1990. "A Case Study Of Timeliness In The Selection Of Risk-Efficient Machinery Complements," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 22(2), pages 1-13, December.
    11. Griffin, Ronald C. & Rister, M. Edward & Parker, Michael R. & McCauley, Garry N., 1988. "Economic Prospects For Sprinkle Irrigating Rice In Texas," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 20(1), pages 1-15, July.
    12. Zering, Kelly D. & McCorkle, C.O., Jr. & Moore, Charles V., 1987. "The Utility Of Multiple Peril Crop Insurance For Irrigated, Multiple-Crop Agriculture," Western Journal of Agricultural Economics, Western Agricultural Economics Association, vol. 12(1), pages 1-10, July.
    13. Tew, Bernard V. & Boggess, William G., 1984. "Risk-Return Assessment Of Irrigation Decisions In Humid Regions: An Extension," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 16(2), pages 1-2, December.
    14. Wilson, Paul N. & Eidman, Vernon R., 1983. "An Empirical Test Of The Interval Approach For Estimating Risk Preferences," Western Journal of Agricultural Economics, Western Agricultural Economics Association, vol. 8(2), pages 1-13, December.
    15. Harrison, R. Wes, 1998. "Stochastic Dominance Analysis of Futures and Option Strategies for Hedging Feeder Cattle," Agricultural and Resource Economics Review, Cambridge University Press, vol. 27(2), pages 270-280, October.
    16. Lynne, Gary D. & Boggess, William G. & Portier, Kenneth M., 1984. "Irrigation Water Supply As A Bioeconomic Process," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 16(2), pages 1-10, December.
    17. Anderson, Jock R. & Dillon, John L. & Hardaker, J. Brian, 1985. "Farmers and Risk," 1985 Conference, August 26-September 4, 1985, Malaga, Spain 183026, International Association of Agricultural Economists.
    18. Teklewold, Hailemariam & Mekonnen, Alemu, 2020. "Weather at Different Growth Stages, Multiple Climate Smart Practices and Farm Level Risks: Panel Data Evidence from the Nile Basin of Ethiopia," EfD Discussion Paper 20-4, Environment for Development, University of Gothenburg.
    19. Bernardo, Daniel J., 1988. "The Effect Of Spatial Variability Of Irrigation Applications On Risk-Efficient Irrigation Strategies," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 20(1), pages 1-10, July.
    20. Bosch, Darrell J. & Eidman, Vernon R. & Gill, Eric E., 1986. "Compensating Irrigators For Restricting Water Use: An Expected Utility Analysis," Western Journal of Agricultural Economics, Western Agricultural Economics Association, vol. 11(2), pages 1-10, December.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ags:aaea85:278642. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: AgEcon Search (email available below). General contact details of provider: http://www.aaea.org .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.