English, Article edition: Estimating the Value of an Early-Warning System Michael J. Roberts; David Schimmelpfennig; Michael J. Livingston; ...

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Physical Description
  • article
Language
  • English

Edition details

Title
  • Estimating the Value of an Early-Warning System
Author
  • Michael J. Roberts
  • David Schimmelpfennig
  • Michael J. Livingston
  • Elizabeth Ashley
Physical Description
  • article
Notes
  • An early-warning system generates economic value to the extent that it improves decision making. The value of the information hinges on the degree to which a timely response, aided by warnings, facilitates successful damage mitigation. USDA's Coordinated Framework for Soybean Rust includes a network of sentinel soybean plots and wild kudzu stands monitored by extension agents for the presence of soybean rust, a potentially recurring threat to the U.S. soybean crop since 2005. The linchpin in this early-warning system is a website that provides near real-time, county-level information on the location of the disease. We consider factors that may influence information value. Copyright 2009 Agricultural and Applied Economics Association
  • RePEc:bla:ragrec:v:31:y:2009:i:2:p:303-329
Language
  • English
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