Letson, David; Podesta, Guillermo; Messina, Carlos; … - Agricultural and Applied Economics Association - AAEA - 2001
We evaluate ENSO forecasts when prices are variable and ENSO is a portion of overall climatic variability. Forecast responses include crop mix, cultivar,fertilization, and planting date. Price changes reduce forecast value by excluding responses. Predictable income variability (ENSO-related), as...