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Boosted by slightlyoff@toot.cafe ("Alex Russell"):
luckytran@med-mastodon.com ("Dr. Lucky Tran :verified:") wrote:

Here's the American Meteorological Society study that estimates the value of US weather forecasts: https://www.ametsoc.org/sites/ams/assets/File/policy/CoFU2%5FJKL%5F2024.pdf

Value of weather forecasts = $102.1 billion
NWS budget = $1.4 billion

That represents an incredible return on investment of 73 to 1.

Table ES-3: U.S. National Aggregation of WTP for Current Forecast Information–CoFU2 Year 2022 Population 332,403,650 Household Size 2.77 Number of Households 120,001,318 Percent Not Using Forecasts 5.35% Households Using Forecasts 113,581,247 Per HH WTP $898.50 Total U.S. Value of Current Forecasts (2021 Dollars) $102,053,204,928.03 Total U.S. Value of Current Forecasts (Billions) $102.1