The paper presents a rapid assessment of the 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 are quite important issues to be ignored. The resource costs fall within a range from 21% to 39% of the water full cost while the environmental cost is about 8%. The policy implications of these results are also discussed. © 2014 Elsevier B.V.