An Assessment of the Value of Seasonal Forecasting Technology for Western Australian Farmers

Fraser, R. and Peterson, E. (2001) An Assessment of the Value of Seasonal Forecasting Technology for Western Australian Farmers. Agricultural Systems, 70 (1). pp. 259-274. ISSN 0308-521X . (The full text of this publication is not available from this repository)

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Abstract

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 accumulated annual benefit to farmers in the Merredin region (an area with 754 farm holdings over 35,500 km(2) of land) is approximately 2 million dollars. Hence, support is given for the development of seasonal forecasting techniques in Western Australia.

Item Type: Article
Uncontrolled keywords: seasonal forecasting information; seasonal uncertainty; whole-farm modelling; MUDAS
Subjects: H Social Sciences > HD Industries. Land use. Labor
Divisions: Faculties > Social Sciences > Kent Business School
Depositing User: Robert Fraser
Date Deposited: 31 Aug 2008 18:16
Last Modified: 14 Jan 2010 14:20
Resource URI: http://kar.kent.ac.uk/id/eprint/5200 (The current URI for this page, for reference purposes)
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