Chow groups and pseudoffective cones of complexity-one T-varieties

We show that the pseudoeffective cone of k-cycles on a complete complexity-one T-variety is rational polyhedral for any k, generated by classes of T-invariant subvarieties. When X is also rational, we give a presentation of the Chow groups of X in terms of generators and relations, coming from the combinatorial data defining X as a T-variety.