Agriculture economic impact of energy alternatives and climate change in Colorado: evidence from an equilibrium displacement approach
Davies, Stephen, author
Fathelrahman, Eihab, author
Davies, Amalia, author
Pritchett, James, author
Colorado State University, Department of Agricultural and Resource Economics, publisher
Colorado agriculture has blossomed with the development of water resources that are used for growing crops, which, in turn, spurs value-added production in the meat, sugar and dairy sectors. Increasing urban development is expected to spur the reallocation of an additional six hundred thousand to one million acre feet of agricultural water to new municipal, industrial and energy demands by 2040. Reallocation and climate change will likely to lead to large scale fallowing of agricultural lands. The purpose of the modeling effort summarized in this document is to better understand the impacts borne by the agricultural economy that result from large scale fallowing.
Colorado equilibrium displacement mathematical programming (CEDMP) model