THE VALUE OF EL NINO FORECAST METHODS FOR THE U.S. WINTER WHEAT PRODUCERS, DO THEY DIFFER?

Harvey S.J. Hill, Jaehong Park, James W. Mjelde, Wesley Rosenthal, H. Love and Stephen W. Fuller

No 20906, 1998 Annual meeting, August 2-5, Salt Lake City, UT from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

Abstract: The value of improved climate forecasts to winter wheat producers is estimated. Two El Niño/Southern Oscillation based forecasting methods are compared. In most regions, a five phase approach is more valuable than the more commonly used three phase approach. Economic value and distributional aspects have implications for producers, policy makers, and meteorologists.

Keywords: Crop Production/Industries; Resource/Energy Economics and Policy (search for similar items in EconPapers)
Pages: 13
Date: 1998
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea98:20906

DOI: 10.22004/ag.econ.20906

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