Irrigated agriculture on the Southern High Plains of Texas relies heavily on water extracted from the Ogallala Aquifer, which is functionally non-renewable. Concerns about depletion of the aquifer have led to the implementation of policies designed to slow water extraction and increase the...

Texas High Plains (THP) is a major cotton producing region in the US with low rainfall and decreasing irrigation water availability. Hence stochastic rainfall poses considerable production risk in the region and developing strategies to maximize the average profit and minimize the year to year...