INCREASES IN COSTS AND RETURNS DUE TO INTENSIFYING RANGE FORAGE PRODUCTION SURVEYS: AN INFORMATION ECONOMIC ANALYSIS
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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.