The Impact of Receiving Price and Climate Information in the Agricultural Sector
AbstractPrevious studies indicate that Colombian farmers make production decisions based on informal sources of information, such as family and neighbors or tradition. In this paper we randomize recipients of price and weather information using text messages (SMS technology). We find that relative to those farmers who did not receive SMS information, the farmers who did were more likely to provide market price information, had a narrower dispersion in the expected price of their crops, and had a significant reduction in crop loss. Farmers also report that text messages provide useful information, especially in regards to sale prices. We do not find, however, a significant difference between the treated and untreated farmers in the actual sale price, nor changes in farmers’ revenues or household expenditures.
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Bibliographic InfoPaper provided by Inter-American Development Bank, Research Department in its series Research Department Publications with number 4720.
Date of creation: May 2011
Date of revision:
Other versions of this item:
- Adriana Camacho & Emily Conover & email@example.com, 2010. "The Impact of Receiving Price and Climate Information in the Agricultural Sector," DOCUMENTOS CEDE 007907, UNIVERSIDAD DE LOS ANDES-CEDE.
- Adriana Camacho & Emily Conover, 2011. "The Impact of Receiving Price and Climate Information in the Agricultural Sector," IDB Publications 37498, Inter-American Development Bank.
- D62 - Microeconomics - - Welfare Economics - - - Externalities
- Q11 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Aggregate Supply and Demand Analysis; Prices
- Q12 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Micro Analysis of Farm Firms, Farm Households, and Farm Input Markets
- Q13 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agricultural Markets and Marketing; Cooperatives; Agribusiness
This paper has been announced in the following NEP Reports:
- NEP-AGR-2011-06-11 (Agricultural Economics)
- NEP-ALL-2011-06-11 (All new papers)
- NEP-ENE-2011-06-11 (Energy Economics)
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