Southeast drought conditions have accentuated the demand for irrigation in the face of restricted water supply. For allocating this supply, Georgia held an auction for withdrawing irrigated acreage. This auction withdrew 33,000 acres from irrigation, resulting in a physical estimate of a 399...

This study identifies the presence of slippage and the pitfalls associated with not considering economic substitution and expansion effects in measuring changes in water demand. Based on estimates from the Georgia Flint River Basin, the analysis indicates a 13% slippage caused by disregarding...

Future agricultural water demands are determined by employing forecasts from irrigated crop acreage models. Forecasts of prices and yields, and variances and covariances of crop returns are employed for forecasting crop acreage. Results provide insights into the value of rational expectations in...