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<br />003.3~4 <br />._;."~'>. Un.t(d Stat~$ <br />I!' t &~) Deparlment of <br />\~..1-/ Agriculture <br />~ <br /> <br />Forest <br />ServiCe <br /> <br />R-Z <br /> <br />J4~.4.;\1.L_I-" B' <br /> <br />....~\o <br /> <br />3500 Cooperative Vatershed Management <br />2500 Watershed Management <br /> <br />Water Values for Economic Analysis <br /> <br />- <br /> <br />November 25, 1983 <br /> <br />.._, <br /> <br />To <br /> <br />Regional Forester <br /> <br />This letter is in response to the Action Plan for Economic Analysis dated <br />December 28, 1982. Watershed, Soils and Minerals Area Management's (WS&I1AM) <br />assignment was, "Prob1E'm Area 3 -- Benefit values for watE'r . . . develop <br />Regional and local benefit value according to accepted economic proce- <br />dures . . . ." <br /> <br />Certain guidelines were given by the RE'giona1 economist which included the <br />need to respond in an RPA context and tie in with Dr. David White's "\;ater <br />Demand Analysis." Dr. White's "Water Demand Analysis" was used in developing <br />the Region's water ben.fits for land use planning. <br /> <br />The following summarize~ Region 2 water values: <br /> <br />1. Region 2 RPA Value of Water <br />-marginal value of irrigation water <br />based upon January 1982 dollars. <br /> <br />$45.50 <br /> <br />-marginal value of irl'1gation water <br />adjusted for Consumers Price Index <br />for 1982 average (CPI adj = 1.04) <br /> <br />2. Region 2 localized Value of Water <br />-marginal value of irrigation water <br />based upon Arkansas River Study using <br />1980 dollars. <br /> <br />$47.34 <br /> <br />$55.50 <br /> <br />-marginal value of local irrigation <br />water adjusted for Consumers Price <br />Index for 1982 average (CPI adj = 1.12) <br /> <br />$62.28 <br /> <br />3. Re~ion 2 geographfc values of water developed for major drainages by <br />using a weighted combination of M+I (% use and value) and agriculture (~ use <br />and value). Three values were calculated for years 1975, 19&5 and 2000 <br />condit ions: <br /> <br />aJ <br />b) <br />c) <br /> <br />Regional Average M+I$ with RPA agricultural value. <br />RE'gional Average M+r$ with R-2 agricultural value. <br />State/itI$ with R-2 agricultural value. <br /> <br />~ <br />~ <br /> <br />~/ If} <br /> <br />:'- <br />