The Value of Accurate Crop Production Forecasts
AbstractCrop 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.
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Bibliographic InfoPaper provided by Michigan State University, Department of Agricultural, Food, and Resource Economics in its series Food Security International Development Working Papers with number 97032.
Date of creation: Oct 2010
Date of revision:
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More information through EDIRC
Africa; Food security; forecasts; production; 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; c10; Q11;
Find related papers by JEL classification:
- Q11 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Aggregate Supply and Demand Analysis; Prices
This paper has been announced in the following NEP Reports:
- NEP-AGR-2010-12-04 (Agricultural Economics)
- NEP-ALL-2010-12-04 (All new papers)
- NEP-FOR-2010-12-04 (Forecasting)
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