The Use of Weather Data and Evapotranspiration Requirements to Estimate the Marginal Value Product of Irrigation and the Profit Maximizing Irrigation Level for Corn in the Texas Panhandle

The declining availability of irrigation water from the Ogallala aquifer combined with increasing energy costs make irrigation strategies much more critical. Maximizing yield reduces profit by between $22 and $158 per acre depending on the combination of corn and natural gas prices