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Effect of information formats on information services: analysis of four selected agricultural commodities in the USA

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  • David R. Just
  • Steven A. Wolf
  • David Zilberman

Abstract

We analyze sources of information in agricultural markets to understand patterns of demand for decision support services and the division of labor in the supply of these services. Information formatting—qualitative variation that determines accessibility and relevance of information in specific contexts—prohibits universal access to informational content. Information formats give rise to both transaction costs and complementarities reflected in patterns of information exchange in commodity systems. Controlling for actors' structural roles and levels of education, we develop a hedonic model of information demand such that actors seek information that is formatted to meet their needs and capabilities. Employing survey data, we explain elements of observed patterns of information exchange in four commodity systems in the USA. Results point to opportunities to expand our understanding of socioeconomic processes underlying production and consumption of decision support.

Suggested Citation

  • David R. Just & Steven A. Wolf & David Zilberman, 2006. "Effect of information formats on information services: analysis of four selected agricultural commodities in the USA," Agricultural Economics, International Association of Agricultural Economists, vol. 35(3), pages 289-301, November.
    • Handle: RePEc:bla:agecon:v:35:y:2006:i:3:p:289-301
    DOI: 10.1111/j.1574-0862.2006.00163.x
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    Cited by:

    1. Poon, Kenneth & Weersink, Alfons & Deaton, Brady J., Jr., 2011. "Demand and Supply Analysis of Farm, Farmer and Farm Family Data," Working Papers 114094, Structure and Performance of Agriculture and Agri-products Industry (SPAA).
    2. Jenkins, Amanda & Velandia, Margarita M. & Lambert, Dayton M. & Roberts, Roland K. & Larson, James A. & English, Burton C. & Martin, Steven W., 2011. "Factors Influencing the Selection of Precision Farming Information Sources by Cotton Producers," Agricultural and Resource Economics Review, Northeastern Agricultural and Resource Economics Association, vol. 40(2), pages 1-14, August.

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