The value of skill in seasonal climate forecasting to wheat crop management in a region with high climatic variability. Only one decision at a time treated, rather than simultaneous treatment of a sequence of decisions. The potential impacts of the use of Southern Oscillation information on the Texas aggregate sorghum production. Forecast is based on teleconnections with Southern Oscillation. Comparing the value of Southern Oscillation Index-based climate forecast methods for Canadian and US wheat producers.
Value varies by site and crop price.
Forecasts need to be tailored to specific regions. Weather information and the potential for inter-temporal adverse selection in crop insurance. With no forecast, optimal decision rule is to always purchase insurance. Decision rules are suboptimal in case of imperfect forecasts. Land allocation conditioned on ENSO phases in the Pampas of Argentina.