Chapter
Apr 26, 2012
Economic Optimization of Groundwater Resources: A Case of Texas County in Oklahoma Panhandle
Publication: World Environmental and Water Resources Congress 2008: Ahupua'A
Abstract
An economic optimization model for a sixty years planning horizon is developed using available groundwater resources in the Texas County of Oklahoma Panhandle. Net present value and total water use over 60 years is used to estimate the value of water for irrigated agriculture in the area. The model will serve as a policy tool to analyze alternative water management strategies and water conservation programs that can possibly be implemented in the area. The results from the model will also be used to assess the economic impact of depleting groundwater availability from the Ogallala Aquifer. The economic optimization model can be used to analyze alternative policy scenarios such as change in corn prices due to ethanol production, water pumping restriction and incentives to producers for management practices to be used for water conservation.
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World Environmental and Water Resources Congress 2008: Ahupua'A
Pages: 1 - 10
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© 2008 American Society of Civil Engineers.
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Published online: Apr 26, 2012
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Associate Professor of Agricultural Business and Economics, Department of Agricultural Sciences, West Texas A&M University, WTAMU Box 60998, Canyon, Texas 79016. E-mail: [email protected]
Professor of Agricultural Business and Economics, Department of Agricultural Sciences, West Texas A&M University, WTAMU Box 60998, Canyon, Texas 79016. E-mail: [email protected]
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