Agricultural landscape value and irrigation water policy

Mara Thiene*, Yacov Tsur

*Corresponding author for this work

Research output: Contribution to journalArticlepeer-review

12 Scopus citations

Abstract

Water is a limiting factor of agricultural production in an increasing number of regions. There is also ample empirical evidence to suggest that the economic value of agricultural landscape is substantial, which has been used to justify agricultural support programs in developed economies. We investigate the link between the environmental amenity of agricultural landscape and the value of water in crop production. We find that the environmental externality gives rise to a social derived demand for water which differs from the market-based (private) derived demand for water. Policy implications regarding irrigation water allocation and pricing are drawn. An empirical example illustrates the methodology and main findings.

Original languageEnglish
Pages (from-to)641-653
Number of pages13
JournalJournal of Agricultural Economics
Volume64
Issue number3
DOIs
StatePublished - Sep 2013

Keywords

  • Environmental amenity
  • Hedonic pricing
  • Social value of water
  • Willingness-to-pay

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