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Estimating the Value of an Early-Warning System

Abstract::
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.
Author(s):
Roberts, Michael J. , Schimmelpfennig, David , Livingston, Michael J. , Ashley, Elizabeth
Subject(s):
early warning systems , rust diseases , crop damage , USDA , soybeans , Pueraria montana var. lobata , noxious weeds , extension agents , Internet resource , Phakopsora pachyrhizi , cost effectiveness , United States
Description:
Includes references
Source:
Review of agricultural economics 2009 Summer, v. 31, no. 2
Language:
English
Year:
2009
Publisher:
Blackwell Publishing Inc
Collection:
Journal Articles, USDA Authors, Peer-Reviewed
File:
Download [PDF]   
Rights:
Works produced by employees of the U.S. Government as part of their official duties are not copyrighted within the U.S. The content of this document is not copyrighted.