Increases in Costs and Returns Due to Intensifying Range Forage Production Surveys: An Information Economic Analysis

The U.S. Congress and courts have directed federal natural resource agencies to use better information for management decisions than they have used in the past. It is also important for these agencies to improve the efficiency of resource use where possible. This information economics study estimate...

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Bibliographic Details
Published in:Western Journal of Agricultural Economics 1983-07, Vol.8 (1), p.86-95
Main Authors: Rafsnider, Giles T., Skold, Melvin D., Driscoll, Richard S.
Format: Article
Language:English
Subjects:
Capital costs
Confidence interval
Cost estimates
Economic costs
Forage
Marginal costs
Production estimates
Revenue
Sample size
Significance level
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Summary:The U.S. Congress and courts have directed federal natural resource agencies to use better information for management decisions than they have used in the past. It is also important for these agencies to improve the efficiency of resource use where possible. This information economics study estimates increased costs and revenues which can be directly imputed to improving the accuracy of range forage production surveys. It suggests that a high level of survey accuracy may often be justifiable.
ISSN:0162-1912
1068-5502
2327-8285