IDEAS home Printed from https://ideas.repec.org/a/wly/agribz/v6y1990i6p603-619.html
   My bibliography  Save this article

Economic value of outlook and research information: A test from Southern Alberta

Author

Listed:
  • K. K. Klein

    (Department of Economics, The University of Lethbridge)

  • F. Kramer

    (Telecommunications Canada, Hull, Quebec)

Abstract

The financial value of outlook and research information was tested in a simulated decision-making environment. Established farmers and farm-management students were asked to make farm-management decisions with and without selected outlook and research information. The decisions were made on a computerized case farm which was then simulated under conditions of actual prices, yields, costs, and quotas for unidentified years. Results showed a small, but positive, financial value of information.

Suggested Citation

  • K. K. Klein & F. Kramer, 1990. "Economic value of outlook and research information: A test from Southern Alberta," Agribusiness, John Wiley & Sons, Ltd., vol. 6(6), pages 603-619.
    • Handle: RePEc:wly:agribz:v:6:y:1990:i:6:p:603-619
    DOI: 10.1002/1520-6297(199011)6:6<603::AID-AGR2720060607>3.0.CO;2-L
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    References listed on IDEAS

    as
    1. David L. Debertin & Gerald A. Harrison & Robert J. Rades & Lawrence P. Bohl, 1975. "Estimating the Returns to Information: A Gaming Approach," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 57(2), pages 316-321.
    2. Zentner, R. P. & Sonntag, B. H. & Lee, G. E., 1978. "Simulation model for dryland crop production in the canadian prairies," Agricultural Systems, Elsevier, vol. 3(4), pages 241-251, October.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Walker, Odell L. & Nelson, A. Gene, 1980. "Dealing With Risks In The Management Agricultural Firms: An Extension/Teaching Viewpoint," Risk Analysis in Agriculture: Research and Educational Developments, January 16-18, 1980, Tucson, Arizona 271561, Regional Research Projects > W-149: An Economic Evaluation of Managing Market Risks in Agriculture.
    2. Musser, Wesley N. & Marable, Ulysses, 1976. "The Impact of Energy Prices on Optimum Machinery Size and the Structure of Agriculture: A Georgia Example," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 8(1), pages 205-211, July.
    3. Batte, Marvin T. & Schnitkey, Gary D., 1989. "Emerging Technologies And Their Impact On American Agriculture: Information Technologies," 1989 Conference, January 7-10, Tucson, Arizona 260164, Regional Research Committe NC-181: Determinants of Farm Size and Structure.
    4. Mu'min, Ridgely A. & Hepp, Ralph E., 1988. "Evaluating Managerial Effectiveness," Agricultural Economic Report Series 201377, Michigan State University, Department of Agricultural, Food, and Resource Economics.
    5. Bauer, Leonard & Jeffrey, Scott R. & Orlick, Charles C., 1995. "A Comparison of Risk Between Continuous and Fallow Cropping Regimes," Project Report Series 232397, University of Alberta, Department of Resource Economics and Environmental Sociology.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:wly:agribz:v:6:y:1990:i:6:p:603-619. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley Content Delivery (email available below). General contact details of provider: http://onlinelibrary.wiley.com/journal/10.1002/(ISSN)1520-6297 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.