The Value of Accurate Crop Production Forecasts

Thomas Jayne () and Shahidur Rashid

No 97032, Food Security International Development Working Papers from Michigan State University, Department of Agricultural, Food, and Resource Economics

Abstract: Crop production forecasts are widely recognized as an important input into food balance sheets and for anticipating production shortfalls. However, the role of accurate crop production forecasting systems in mitigating food price instability and transitory food insecurity is often under-appreciated. This paper explains how crop production forecasting systems affect price instability and risks, and how they can be improved to stabilize the food system.

Keywords: Agricultural and Food Policy; Community/Rural/Urban Development; Crop Production/Industries; Demand and Price Analysis; Food Consumption/Nutrition/Food Safety; Food Security and Poverty; International Development; Productivity Analysis (search for similar items in EconPapers)
Pages: 23
Date: 2010-10
New Economics Papers: this item is included in nep-agr and nep-for
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Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:ags:midiwp:97032

DOI: 10.22004/ag.econ.97032

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