National Oceanic and Atmospheric AdministrationUnited States. Department of CommerceAdams, Richard M.Chen, Chi-ChungMcCarl, Bruce A.Weiher, Rodney F.2016-04-192016-04-191999Climate Research 13(3): 165-1720936-577X1616-1572http://hdl.handle.net/10919/65308Metadata only recordThe El Niño-Southern Oscillation (ENSO) phenomenon is believed to be a significant cause of year to year climate variation, which greatly impacts agricultural productivity. The unusually strong El Niño event in 1997-98 and the strong La Niña event that followed in 1998-99 both led to economic consequences for US agriculture. This paper applies a stochastic economic model to estimate the extent of economic damage, deriving predicted losses to be $1.5 to $1.7 billion for El Niño and $2.2 to $6.5 billion for La Niña.text/plainen-USIn CopyrightFarm planningEconomic analysesModelingEconomic modeling and analysisEconomic impactsAgricultureEl niño southern oscillation (enso)Agricultural productionEconomic sector modelCrop biophysical simulation modelCrop yieldsErosion Productivity Impact Calculator (EPIC)Agricultural assessment model (asm)Farm/Enterprise ScaleAbstractCopyright Inter-Research 1999