Capital budgeting methods for irrigation technology adoption decisions

A review

Chi Huu Truong*

*Corresponding author for this work

Research output: Chapter in Book/Report/Conference proceedingChapter

Abstract

Policies to encourage the uptake of efficient irrigation technology have played an important role in achieving water conservation goals in arid area and in reducing polluted return flows from irrigation farms. A good policy depends significantly on the method used to determine farmers' irrigation technology adoption decision. This chapter provides a critical review of capital budgeting methods applicable to modeling the irrigation technology adoption decision. Elements affecting the value of investment, including the roles of risk preferences, risk transformation, the value of information, are analyzed and real option frameworks are discussed. The chapter is concluded with future research suggestions.

Original languageEnglish
Title of host publicationIrrigation Management, Technologies and Environmental Impact
EditorsM. Hossain Ali
Place of PublicationNew York
PublisherNova Science Publishers
Pages273-283
Number of pages11
ISBN (Print)9781624178627
Publication statusPublished - Feb 2013

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