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Economic Assessment of Meteorological Information Services for Livestock Farmers: A Case Study in Taiwan

This research uses the contingent valuation method to evaluate the economic benefits of the meteorological information services provided by the Central Weather Bureau for livestock farming in Taiwan. The results show that the subjective rating of the accuracy of information services dominates the willingness to pay. After correcting the possible bias, the annual total economic value of meteorological information services of livestock farmers in Taiwan is about 120.75 million NTD~135.97 million NTD.