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| Heumesser, Christine; Fuss, Sabine; Szolgayova, Jana; Strauss, Franziska; Schmid, Erwin. |
| Irrigated agriculture will play a crucial role to meet future food demand, but a sustainable water resource management in agriculture is crucial as well. Therefore, the European Water Framework Directive promotes several measures, e.g., the adoption of adequate water pricing mechanisms or the promotion of water-saving irrigation techniques. Since production conditions such as weather and climate development are uncertain, farmers might be reluctant to invest in a water-saving but capital intensive irrigation system. We apply a stochastic dynamic programming approach to analyze a farmer’s optimal investment strategy for either a water–saving drip irrigation system or sprinkler irrigation system under weather uncertainty and assess the probability of... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Irrigation investment; Stochastic dynamic programming approach; Water policies; Weather uncertainty; EPIC; Farm Management; Risk and Uncertainty. |
| Ano: 2011 |
URL: http://purl.umn.edu/114536 |
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