Economic Analysis of Zero-Grade Rice and Land Tenure
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Fields precision leveled to a zero
grade require significantly less
applied water and provide
significant savings in annual
production expenses relative to
contour levee rice fields. However,
zero-grade is a land improvement
and requires a large initial capital
investment. This study uses a Net
Present Value (NPV) approach to
evaluate the monetary benefits of
zero-grade rice production for
tenants and landlords under
alternative rental arrangements.
Results indicate both parties can
gain positive monetary benefits
under most lease structures in the
long run but may experience short
run monetary losses if yields decline
during the initial years after the land
improvement.