UNL Cornhusker Economics: The Value of Irrigation in a Drought Regime: The Case of 2012 - 9/2012
September 21, 2012
The 2012 drought that bore down on much of the United States Corn Belt left a wide swath of production loss and commodity market spirals. For many dryland crop producers across the country, the short crop will make their economic picture somewhat reliant on crop insurance indemnities-payments, which will be enhanced by record price levels for the insured crops. But for irrigated crop producers, 2012 will look quite different. And here is where the value of irrigation comes into focus.
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