Using crop outlook information for timely marketing decisions in government
Abstract
Reliable and timely information on crop
prospects is not available in India. As a
consequence, market planning of procurement,
storage and distribution operations,
and pricing of foodgrains and other crops
is usually based on subjective judgements
of the government officials about the crofj
prospects; therefore decisions are ad hoc
and sub-optimal.
This paper outlines an approach
which uses econometric models. It is
shown that reliable and timely crop outlook
information can be obtained much
before harvest at a low cost. It is illustrated
how use of such information by the
agricultural institutions in the government
can improve the management of crop
supplies and demand more effectively.
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