A weather forecast may not allow time to make decisions that minimize the economic impacts of an extreme event, while a seasonal forecast is not precise enough to predict it. Thus, a spring frost—an event that can affect a small area and that can occur in a very short time—can lead to significant economic damages for the agribusiness players.
Click here for original story, The future of hazelnuts: The economic value of subseasonal forecasts
Source: Phys.org