Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/325684 
Year of Publication: 
2024
Citation: 
[Journal:] Italian Review of Agricultural Economics (REA) [ISSN:] 2281-1559 [Volume:] 79 [Issue:] 2 [Year:] 2024 [Pages:] 49-60
Publisher: 
Firenze University Press, Florence
Abstract: 
The economic valuation of water uses, as the Water Framework Directive (EC/60/2000) suggests, should support policymakers in water management. Aiming to assess the economic value of irrigation water services, a hedonic price analysis was conducted on the value of farmland. Specifically, we examined the differences between collective and self-supply irrigation services, with the hypothesis that each reflects different water supply qualities that are capitalized into land value. A homogeneous sample of olive farms in the Apulia region was analysed using data from the Farm Accountancy Data Network. The results confirm the hypothesis that different economic values are assigned to water services. A higher value of self-supply service with respect to collective ones might be associated with the greater security and reliability of the service provided. Finally, our analysis points out that the Farm Accountancy Data Network database can provide policymakers with a harmonized dataset for the economic evaluation of irrigation water. This can help them to develop evidence-based policies, as required in the Water Framework Directive.
Subjects: 
Farm Accountancy Data Network
irrigation
olive grove
water economics
water service valuation
JEL: 
Q15
Q25
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by Logo
Document Type: 
Article

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