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1 Milliman, J. W. 1959. Land values as measures of primary irrigation benefits. Journal of Farm Economics, 41:234-243.
(Location: IWMI-HQ Call no: P 1265 Record No: H0900)
Evaluation of existing and proposed irrigation projects requires estimation of benefits and costs in present value terms. A number of studies have been done which deal with the efficacy of techniques used by federal agencies in project evaluation. It is apparent that current policies and techniques for project planning and valuation can be improved. Among the suggestions for improvement in the techniques of evaluation is the proposal by Edward F. Renshaw to use changes in the values of agricultural lands as indirect or proxy measures of the primary benefits of irrigation projects. This paper explores some of the implications involved in the use of changes in land values as measures of primary benefits stemming from irrigation investment.
2 Renshaw, E. F. 1958. Cross sectional pricing in the market for irrigated land. Agricultural Economics Research, 10(1):14-19.
(Location: IWMI-HQ Call no: P 1415 Record No: H0899)
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