Paper No. J05108 of the Journal of the American Water Resources Association (JAWRA).
Valuing Water Rights in Douglas County, Oregon, Using the Hedonic Price Method1
Article first published online: 7 MAY 2007
JAWRA Journal of the American Water Resources Association
Volume 43, Issue 3, pages 622–629, June 2007
How to Cite
Butsic, V. and Netusil, N. R. (2007), Valuing Water Rights in Douglas County, Oregon, Using the Hedonic Price Method. JAWRA Journal of the American Water Resources Association, 43: 622–629. doi: 10.1111/j.1752-1688.2007.00049.x
- Issue published online: 7 MAY 2007
- Article first published online: 7 MAY 2007
- Received July 26, 2005; accepted August 9, 2006.
- hedonic price method;
- instream flow;
- water right;
- water value
Abstract: This paper uses the hedonic price method to estimate the value of an acre-foot of irrigation water in Douglas County, Oregon. The analysis uses detailed information from 113 arms-length transactions of farmland for 2000 and 2001. The estimated willingness-to-accept of $261 to sell an acre-foot of irrigation water is consistent with other studies and recent transactions in the study area. Estimates for the value of leasing water are provided using a range of discount rates and leasing periods.