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An assessment of the value of seasonal forecasting technology for Western Australian farmers

Petersen, Elizabeth; Fraser, R W


Of the number of seasonal forecasting systems that have been developed of late, none are of practical benefit to Western Australian farmers. This study aims to improve the methodology for assessing the value of forecasting technology ex ante to its development, using the Merredin agricultural region of Western Australia as an illustration. Results suggest that a seasonal forecasting technology that provides a 30% decrease in seasonal uncertainty increases annual profits by approximately 5%. The...[Show more]

CollectionsANU Research Publications
Date published: 2001
Type: Journal article
Source: Agricultural Systems
DOI: 10.1016/S0308-521X(01)00012-9


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