Irrigation Full Cost Assessment: The case of the Pinios Local Organization for Land Reclamation, Greece

The paper presents a rapid assessment of irrigation full cost of the Pinios Local Organization for Land Reclamation. The individual cost components (financial, environmental and resource) were estimated using the best available data and sound methodological choices. On the basis of our estimates it seems that water scarcity and its corresponding resource cost is quite important issue to be ignored. The scarcity rents falls within a range from 21% to 39% of water full cost, while the environmental cost is about 8%. The policy implications of these results are also discussed.