 Potential Improvements in the Provision of Long Range Weather Forecasts: Are There Benefits for the Rural Sector?Ian R. Crellin No 143910, 1988 Conference (32nd), February 8-11, 1988, Melbourne, Australia from Australian Agricultural and Resource Economics Society Abstract: Climatic variability is an integral feature of Australian rural production systems. recent developments in the meteorological sciences hold the promise of increased accuracy and extended time horizons for climatic forecasting. In the years ahead it may be possible to issue accurate seasonal forecasts on which farmers and graziers can base management decisions. While increasing an individual's information clearly gives a benefit to the individual in isolation, it is less clear that increasing the level of information available to a whole sector will result in positive benefits. The additional information lowers the uncertainty of production which may elicit a supply response which in the existence of inelastic price responses for rural commodities would lead to a lowering of sector income. However, balanced against this reduction of income is the better protection of the production resource base of soil and rangeland and reduced losses of a capital nature. Keywords: Research; and; Development/Tech; Change/Emerging; Technologies (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:ags:aare88:143910 Access Statistics for this paper More papers in 1988 Conference (32nd), February 8-11, 1988, Melbourne, Australia from Australian Agricultural and Resource Economics Society Contact information at EDIRC. |
Is your work missing from RePEc? Here is how to contribute.
Questions or problems? Check the EconPapers FAQ or send mail to .
EconPapers is hosted by the
School of Business at Örebro University.