State Water Resources Research Institute Program

Project ID: 2012CO264B
Title: Quantifying Risks Producers Face when Entering Agricultural Water Lease Contracts
Project Type: Research
Start Date: 3/01/2012
End Date: 2/28/2013
Congressional District: 4th
Focus Categories: Management and Planning, Economics, Models
Keywords: AgLet, Water Transfers, Decision Support
Principal Investigators: Goemans, Christopher ; Pritchett, James
Federal Funds: $ 5,000
Non-Federal Matching Funds: $ 2,400
Abstract: The purpose of this research is to develop a tool that can be utilized by 1) producers to make better, calculated decisions with more certainty and understanding, and 2) researchers to evaluate policy and predict future behavior. This would be achieved by incorporating uncertainty of commodity prices and climate in the decision-aiding tool. A modeling framework would be created where distribution of inputs modeled and distribution of outcomes are modeled for the producer with respect to commodity prices and climate. The effect of climate would be shown through impacts on yields and the timing of when cities choose to exercise their lease.

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