Author: Samuel Hector LeePublisher:
ISBN:
Category :
Languages : en
Pages : 138
Book Description
The Effect of Underground Water Supply on Land Values in Southwestern Kansas
Author: Samuel Hector LeeThe Impact of Water Availability on Land Values in Kansas
Author: Kevyn Brooke ThompsonPublisher:
ISBN:
Category : Agriculture
Languages : en
Pages : 0
Book Description
Value of land is a combination of multiple characteristics of the parcel including water availability, which can greatly affect land sale prices. The objective of this study is to determine the relationship between water availability and land sale prices in Kansas. Within the study region of the 31 westernmost counties in Kansas, the primary source of irrigation for crop production is the Ogallala Aquifer. To this day, depletion rates of the aquifer greatly exceed recharge rates and aquifer water levels continue to steadily decline. As water from the aquifer becomes more scarce, profitability and land values will also decline. A solid understanding of the impact water availability has on land values is imperative to better estimate future land values. Data from the Property Valuation Division (PVD) of the Kansas Department of Revenue (KDR), the Water Information Management and Analysis System (WIMAS), and the Kansas Geological Survey (KGS) were all utilized to determine the relationship between water levels and land values. A hedonic price method was employed to analyze the data. Irrigated parcels have a greater premium compared to dryland operations. In general, a majority of producers in western Kansas are commonly more concerned about having the ability to irrigate rather than the amount water available to irrigate.
Underground waters of southwestern Kansas
Author: E. HaworthPublisher: Рипол Классик
ISBN: 5872409761
Category : History
Languages : en
Pages : 95
Book Description
Journal of the West
Author: Lorrin L. MorrisonPublisher:
ISBN:
Category : Electronic journals
Languages : en
Pages : 506
Book Description
Water in the Dakota Formation, Hodgeman and Northern Ford Counties, Southwestern Kansas
Author: David H. LobmeyerPublisher:
ISBN:
Category : Groundwater
Languages : en
Pages : 52
Book Description
The Capitalization of Incomplete Property Rights to the Groundwater Commons
Author: Gabriel S. SampsonPublisher:
ISBN:
Category :
Languages : en
Pages : 0
Book Description
Incomplete property rights are common across a range of natural resources such as fisheries and groundwater. The High Plains Aquifer region of Kansas provides one example of a complex but incomplete system of property rights. Rights to groundwater in Kansas are incomplete due to the physical characteristics of the resource, limited transferability between irrigators, and regulatory uncertainty. This paper takes a hedonic approach to understanding how three core features of prior appropriation water rights in Kansas--access, allocation, and seniority--confer value to irrigated farmland. All three water right features are priced into land values. Groundwater access rights confer an average land value premium of 71%, or $1,443/acre. Water rights having larger allocations and more seniority are more valued in the land market. The effect of seniority is consistent with more junior rights facing greater regulatory risk of curtailments. Our results indicate incomplete resource rights still confer value. Additionally, we use our empirical estimates to quantify the distributional costs of adopting modified groundwater governance regimes that ignore heterogeneity in allocation or seniority.
Groundwater Exploitation in the High Plains
Author: David E. KrommPublisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 280
Book Description
In the forty years since the invention of center pivot irrigation, the Nigh Plains aquifer system has been depleted at an astonishing rate. Is the region now in danger of becoming the Great American Desert? In this volume eleven of the most knowledgeable scholars and water professionals in the Great Plains insightfully examine the dilemmas of groundwater use. They address both the technical problems and the politics of water management, providing a badly needed analysis of the implications of large-scale irrigation.
Situation and Outlook Report
Author: A Numerical Model to Evaluate Proposed Ground-water Allocations in Southwest Kansas
Author: The Impact of Discount Rate and Price on Intertemporal Groundwater Models in Southwest Kansas
Author: Logan HarkeyPublisher:
ISBN:
Category : Groundwater
Languages : en
Pages : 156
Book Description
Agriculture plays a vital role in the growth and development of the High Plains Region of the United States. Historically, early settlers in the semi-arid region were plagued by crop failures largely due to drought; however, affordable irrigation technology aided in the transformation of the High Plains into one of the most agriculturally productive regions in the world (Peterson et al., 2003). The primary source of irrigation in this region is the Ogallala Aquifer. Spanning approximately 174,000 square miles, the aquifer lies under parts of Texas, New Mexico, Oklahoma, Colorado, Kansas, Nebraska, Wyoming, and South Dakota (Alley et al., 1999). Currently, water from the aquifer is being used at a much faster rate than natural recharge can occur, resulting in a high rate of depletion from this finite resource. Depletion of scarce water resources will have a significant economic impact on the long term sustainability of the region. The objective of this study is to evaluate the impact alternative prices and discount rates have on groundwater policy recommendations. Deterministic models of groundwater withdrawals were developed and used in order to analyze and evaluate the impact of high, average, and low crop prices in a status quo scenario as well as a policy scenario reducing irrigated acreage allocation. Furthermore, this study analyzes the effects and associated consequences of alternative discount rates on net and total revenue. As indicated by results of this study, alternative prices, costs, and discount rates utilized in a model have an effect on the resulting policy recommendations. These assumptions play a significant role in determining what measures of groundwater policy should be implemented. Considering the declining levels of saturated thickness seen in the results of this study, the analysis of alternative discount rates and the associated policy recommendations is merited.