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Abstract
Laser leveling farmland is a profitable water savings technology
in many areas of the West. Capital cost, irrigation field efficiencies,
potential yield increase, energy prices, planning horizon, and the future ft
certainty of federal cost-sharing programs significantly affect the decision
to laser. If federal programs continue,farmers also need to decide how
fast to laser their farms, since payments are a function of time along
with acres lasered. Given existing water costs for a typical farm in
Arizona and federal subsidies, the farmer should laser part of the farm
each year over a ten year period