The effect of the use of improved climate forecasts on variable costs, input usage, and production Academic Article

abstract

• Three economic models varying in aggregation, crops analyzed, and regions modeled are used to determine potential impacts of the use of improved climate forecasts on agriculture. Different regions and crops both within a region and between regions may be affected differently. Expected values of variables such as costs, yields, input usage, etc., may increase or decrease with the use of improved climate forecasts. Further, current changes in the US Federal Farm Program may increase the value of improved climate forecasts because of the elimination of most planting restrictions, acreage reduction, and disaster assistance. The addition of catastrophic crop insurance appears to decrease the value of improved forecasts.

authors

• Mjelde, James

published proceedings

• AGRICULTURAL SYSTEMS

author list (cited authors)

• Mjelde, J. W., & Hill, H.

citation count

• 21

complete list of authors

• Mjelde, JW||Hill, HSJ

publication date

• June 1999

publisher

• Elsevier  Publisher

published in

• Agricultural Systems  Journal

keywords

• Climate Forecasts
• Information Value

Digital Object Identifier (DOI)

• 10.1016/S0308-521X(99)00033-5

start page

• 213

end page

• 225

volume

• 60

issue

• 3

URL

• http://dx.doi.org/10.1016/s0308-521x(99)00033-5