Stochastic efficiency optimisation analysis of alternative agricultural water use strategies in Vaalharts over the long- and short-run

@inproceedings{Grov2007StochasticEO,
  title={Stochastic efficiency optimisation analysis of alternative agricultural water use strategies in Vaalharts over the long- and short-run},
  author={Bennie Grov{\'e}},
  year={2007}
}
xiv interpreting the derived demand for irrigation water (elasticity) without knowing the conditions under which they were derived. Cognisance should also be taken of the fact that higher gross margins per unit of applied water would not necessarily result in greater willingness to pay for water when the alternatives were evaluated on a whole-farm level. The main conclusion from the short-run analyses was that although deficit irrigation was stochastically more efficient than full irrigation… CONTINUE READING