Valuating technological change: visible or invisible rent in irrigator societies for valuation based on the new land law (ls 2/2008) in Spain

Authors

  • V. Caballer-Mellado
  • N. Guadalajara-Olmeda

Abstract

In this study, a new valuation model is proposed for underground
water extraction for irrigation, within the framework of the
new Land Law (Ley del Suelo) in Spain. For this purpose, a
method for rent capitalization, real or potential, is applied
under different possible scenarios in irrigator communities
in the province of Valencia, depending on the procedure for
price fixing of water sold to members and the adoption of new
localized irrigation technologies. In practice, water prices are
equivalent to unit costs, which is why the actual rent of the
exploitation is made invisible, and to make it visible, a water
price must be considered. Consideration of the potential rent
versus the real rent does not influence the value of societies that
use new irrigation technologies, contrary to what happens in
exploitations with traditional irrigation systems, which elevate
their value.

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Published

2012-01-01

How to Cite

Caballer-Mellado, V., & Guadalajara-Olmeda, N. (2012). Valuating technological change: visible or invisible rent in irrigator societies for valuation based on the new land law (ls 2/2008) in Spain. Agricultura, Sociedad Y Desarrollo, 9(1), 1–15. Retrieved from https://revista-asyd.org/index.php/asyd/article/view/1164

Issue

Vol. 9 No. 1 (2012): Agricultura Sociedad y Desarrollo

Section

Artículos

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