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The Agricultural Value Of Information On The North Atlantic Oscillation: Yield And Economic Effects

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Abstract

The North Atlantic oscillation is associated with altered climatic conditions in the United States and Europe. Climate in key agricultural areas is affected. A historically based statistical analysis of crop yield finds that the NAO effect on yields is basically as large as the crop yield implications from the El Niño/Southern oscillation phenomena. In turn an estimate of the potential welfare gains that could be achieved through early NAO phase announcements and subsequent crop mix, storage and consumption adjustments ranges from 600 million to 1.2 billion dollars a year.

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Authors and Affiliations

  1. Joint Global Research Institute, University of Maryland, USA

    Man-Keun Kim

  2. Department of Agricultural Economics, Texas A&M University, College Station, TX, U.S.A.

    Bruce A. McCarl

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  1. Man-Keun Kim
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  2. Bruce A. McCarl
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Correspondence to Bruce A. McCarl.

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Kim, MK., McCarl, B.A. The Agricultural Value Of Information On The North Atlantic Oscillation: Yield And Economic Effects. Climatic Change 71, 117–139 (2005). https://doi.org/10.1007/s10584-005-5928-x

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  • DOI: https://doi.org/10.1007/s10584-005-5928-x

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