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The command you are looking for is
Glen, you ROCK!
I typed in "failure_threshold_for_run_prevention" in the search box in the server admin guide and got two perfect hits. It seems odd that one of the items is in the Troubleshooting section but I guess I can sorta see how it could be viewed as troubleshooting
Thanks Glen, a lot! Being able to keep the alerts but not have them stop extracting (set it to -1) is exactly what I needed.
Just a note
When using a negative value for the set command the option needs to be surrounded first by single quotes and then by double-quotes. Here's how it would look in a cmd batch script to keep the warning emails but turn off the scheduled extract prevention:
REM Disable suspension of failing background tasks but still have emails sent tabadmin set backgrounder.failure_threshold_for_run_prevention "'-1'"