Economic value of outlook and research information: A test from Southern Alberta

K. K. Klein and F. Kramer
Additional contact information
K. K. Klein: Department of Economics, The University of Lethbridge, Postal: Department of Economics, The University of Lethbridge
F. Kramer: Telecommunications Canada, Hull, Quebec, Postal: Telecommunications Canada, Hull, Quebec

Agribusiness, 1990, vol. 6, issue 6, 603-619

Abstract: The financial value of outlook and research information was tested in a simulated decision-making environment. Established farmers and farm-management students were asked to make farm-management decisions with and without selected outlook and research information. The decisions were made on a computerized case farm which was then simulated under conditions of actual prices, yields, costs, and quotas for unidentified years. Results showed a small, but positive, financial value of information.

Date: 1990
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Persistent link: https://EconPapers.repec.org/RePEc:wly:agribz:v:6:y:1990:i:6:p:603-619

DOI: 10.1002/1520-6297(199011)6:6<603::AID-AGR2720060607>3.0.CO;2-L

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