@article{Kramer:197704,
      recid = {197704},
      author = {Kramer, Randall A. and Grieco, Anna Lea},
      title = {Consideration of Natural Disasters in the Economic  Analysis of Agricultural Development Projects},
      address = {1989},
      number = {994-2016-77776},
      pages = {7},
      year = {1989},
      abstract = {Nearly 90 percent of the world's natural disasters occur  in 1DCs. Agricultural sectors are
particularly prone to  economic damage from natural disaster, yet, economic  analyses of agricultural development
projects seldom  recognize the potential impacts of natural disasters on  project net benefits. Several methods are
available for  incorporating natural disaster information into  benefit-oost analysis. Using data from a  development
project in SL Lucia, a stochastic simulation  approach is applied to assess the feasibility of the  project with and
without a disaster mitigation practice.  The mitigation practice is the use of nematicides to reduce  wind damage to
newly established banana plantings.  Mitigatioo is foond to lower the project's expected intemai  rate of return and
to lower the riskiness of the project.  This type of informatioo could be useful to project  planners for evaluating
disaster mitigation measures and  for selecting among ccmpeting projects.},
      url = {http://ageconsearch.umn.edu/record/197704},
      doi = {https://doi.org/10.22004/ag.econ.197704},
}