This research was partially supported by Department of Commerce National Oceanic and Atmospheric Administration Grant NA56GP0266.
Adams, R. M., K. J. Bryant, and B. A. McCarl, 1995: Value of improved long range weather information. Contemp. Econ. Policy,13, 10–19.
Australian Bureau of Meteorology, 1991: Seasonal climate outlook No. 28—September to November 1991. National Climate Centre, Melbourne, Australia, 18 pp. [Available from Bureau of Meteorology, G. P. O. Box 1289K, Melbourne, VIC 3001, Australia.].
Global Climate Observing System, 1995: Socio-economic value of climate forecasts: Literature review and recommendations. GCOS-12 WMO/TD-674, World Meteorological Organization, Geneva, Switzerland, 34 pp.
Greenberg, J., 1976: Economic benefits of improved meteorological forecasts. Weather Forecasting and Weather Forecasts: Models, Systems and Users, Vol. 2, National Center for Atmospheric Research, 608–629.
Hill, S. J. H., J. W. Mjelde, W. Rosenthal, and P. J. Lamb, 1999: The potential impacts of the use of Southern Oscillation information on the Texas aggregate sorghum production. J. Climate, 12, 519–530.
Hilton, R. W., 1981: The determinants of information value: Synthesizing some general results. Manage. Sci.,27, 57–64.
Hollinger, S. E., 1988: Value of weather and climate information: Modeling weather management interactions of maize. Illinois State Water Survey Misc. Publ. 101, Champaign, IL, 30 pp. [Available from The Illinois State Water Survey, University of Illinois, 2204 Griffith Dr., Champaign, IL 61820.].
Hollinger, S. E., and R. C. Hoeft, 1986: Influence of weather on year-to-year corn response to ammonia fertilization. Agron. J.,78, 818–823.
Johnson, S. R., and M. T. Holt, 1986: The value of climate information. Policy Aspects of Climate Forecasting, R. Krasnow, Ed., Resources For the Future, 53–78.
Lave, L. B., 1963: The value of better weather information to the raisin industry. Econometrica,31, 151–164.
Livezey, R. E., 1990: Variability of skill of long-range forecasts and implications for their use and value. Bull. Amer. Meteor. Soc.,71, 300–309.
Mjelde, J. W., and M. J. Cochran, 1988: Obtaining lower and upper bounds on the value of seasonal climate forecasts as a function of risk preferences. West. J. Agric. Econ.,13, 184–192.
Mjelde, J. W., and S. E. Hollinger, 1989: Climate indices for application in empirical crop production studies. Agric. Syst.,30, 1–14.
Mjelde, J. W., S. T. Sonka, B. L. Dixon, and P. J. Lamb, 1988: Valuing forecast characteristics of a dynamic agricultural production system. Amer. J. Agric. Econ.,70, 674–684.
Mjelde, J. W., S. T. Sonka, and D. S. Peel, 1989: The socioeconomic value of climate and weather forecasting: A review. Midwestern Climate Center Research Rep. 89-01, Champaign, IL, 21 pp. [Available from the Midwestern Climate Center, University of Illinois, 2204 Griffith Dr., Champaign, IL 61820.].
Mjelde, J. W., D. S. Peel, S. T. Sonka, and P. J. Lamb, 1993: Characteristics of climate forecast quality: Implications for economic value to midwestern corn producers. J. Climate,6, 2175–2187.
Nicholls, J. M., 1996: Economic and social benefits of climatology information and services: A review of existing assessments. World Meteorological Organization, Geneva, Switzerland, WMO/TD-780, 38 pp.
Paltridge, G. W., 1985: The value of climate forecasting. Geophys. Surv.,7, 273–290.
Penson, J. B., Jr., and B. L. Gardner, 1988: Implications of macroeconomic outcomes for agriculture. Amer. J. Agric. Econ.,70, 1013–1022.
Penson, J. B., and C. R. Taylor, 1992: United States agriculture and the general economy: Modeling their interface. Agric. Syst.,39, 33–66.
Penson, J. B., D. A. Lins, and G. D. Irwin, 1971: Flow of funds social accounts for the farm sector. Amer. J. Agric. Econ.,53, 1–7.
Reetz, H. F., Jr., 1976: CORN CROPS! A physiology-based simulation of the corn crop. Ph.D. dissertation, Purdue University, West Lafayette, IN, 159 pp. [Available from Life Sciences Library at Purdue University, Purdue University, West Lafayette, IN 47907.].
Romain, R. F. J., J. B. Penson Jr., and R. E. Lambert, 1987: Capacity depreciation, implicit rental price, and investment demand for farm tractors in Canada. Can. J. Agric. Econ.,35, 373–378.
U.S.D.A., 1996a: Agricultural Statistics. National Agricultural Statistics Service, Washington, D.C., 511 pp. [Available from the U.S.D.A., 14th St. and Independence Ave. SW, Washington, DC 20250.].
U.S.D.A., 1996b: Grain: World markets and trade. Foreign Agricultural Service, Circular Series FG 3-96, Washington, D.C., 56 pp. [Available from the U.S.D.A., 14th St. and Independence Ave. SW, Washington, DC 20250.].
U.S. Dept. of Commerce, 1996: Statistical Abstract of the United States. 116 ed. Economics and Statistics Administration, Bureau of Census, 1022 pp.
Weston, J. F., and E. F. Brigham, 1990: Essentials of Managerial Finance. 9th ed. The Dryden Press, 931 pp.
Wilks, D. S., 1997: Forecast value: Prescriptive decision studies. Economic Value of Weather and Climate Forecast, R. Katz and A. Murphy, Eds., Cambridge University Press, 109–149.