Economics

Analysis of the agricultural economic value of a weather forecasting service based on a survey of peasant households in Chinese provinces

D. Shen, X. Zhao, et al.

Discover how weather forecasting services can significantly boost the income of farmers in China. This research, conducted by Danna Shen, Xiaofeng Zhao, Leyi Chai, Zhuanzhuan Guo, and Chunxiang Leng, reveals that each additional access channel to weather forecasts increases farmers' income by 11.11 yuan while also leading to notable cost savings.

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Abstract

This paper investigates the economic value of weather forecasting services in Chinese agriculture. A household survey across 31 provinces and over 1000 counties utilized a multiple linear regression model to analyze the data. Results show a positive correlation between farmers' use of weather forecasts and increased income, with each additional access channel increasing income by 11.11 yuan. The study also demonstrates statistically significant cost savings due to improved forecasting.

Publisher

Humanities and Social Sciences Communications

Published On

Jan 31, 2024

Authors

Danna Shen, Xiaofeng Zhao, Leyi Chai, Zhuanzhuan Guo, Chunxiang Leng

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