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The Value Of El Nino Forecast Methods For The U.S. Winter Wheat Producers, Do They Differ?

Author

Listed:
  • Hill, Harvey S.J.
  • Park, Jaehong
  • Mjelde, James W.
  • Rosenthal, Wesley
  • Love, H. Alan
  • Fuller, Stephen W.

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.

Suggested Citation

  • Hill, Harvey S.J. & Park, Jaehong & Mjelde, James W. & Rosenthal, Wesley & Love, H. Alan & Fuller, Stephen W., 1998. "The Value Of El Nino Forecast Methods For The U.S. Winter Wheat Producers, Do They Differ?," 1998 Annual meeting, August 2-5, Salt Lake City, UT 20906, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    • Handle: RePEc:ags:aaea98:20906
    DOI: 10.22004/ag.econ.20906
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    References listed on IDEAS

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    1. Ronald W. Hilton, 1981. "The Determinants of Information Value: Synthesizing Some General Results," Management Science, INFORMS, vol. 27(1), pages 57-64, January.
    2. Richard M. Adams & Kelly J. Bryant & Bruce A. Mccarl & David M. Legler & James O'Brien & Andrew Solow & Rodney Weiher, 1995. "Value Of Improved Long‐Range Weather Information," Contemporary Economic Policy, Western Economic Association International, vol. 13(3), pages 10-19, July.
    3. Graham R. Marshall & Kevin A. Parton & G.L. Hammer, 1996. "Risk Attitude, Planting Conditions And The Value Of Seasonal Forecasts To A Dryland Wheat Grower," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 40(3), pages 211-233, December.
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    Cited by:

    1. Burton, Diana M., 1998. "Discussant'S Comments For American Agricultural Economics Association Annual Meeting, Selected Papers Session Sp-6y: "Agricultural Production And The Environment, With A Focus On Climate"," 1998 Annual meeting, August 2-5, Salt Lake City, UT 20910, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    2. Hezron Mogaka & Samuel Gichere & Richard Davis & Rafik Hirji, 2006. "Climate Variability and Water Resource Degradation in Kenya : Improving Water Resources Development and Management," World Bank Publications - Books, The World Bank Group, number 7414, December.

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