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The Value of Information in Precision Farming

Author

Listed:
  • Liu, Xuanli
  • Nelson, Macon
  • Ibrahim, Mohammed

Abstract

This study examines how the value of information is measured and its role in precision farming. Two types of precision farming are discussed regarding information in use and ways of information collection. Analytical equations have been derived to link the estimation of the value of information to limited parameters available.

Suggested Citation

  • Liu, Xuanli & Nelson, Macon & Ibrahim, Mohammed, 2008. "The Value of Information in Precision Farming," 2008 Annual Meeting, February 2-6, 2008, Dallas, Texas 6742, Southern Agricultural Economics Association.
  • Handle: RePEc:ags:saeaed:6742
    DOI: 10.22004/ag.econ.6742
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    File URL: https://ageconsearch.umn.edu/record/6742/files/sp08li11.pdf
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    Cited by:

    1. Galioto, F., 2018. "The value of information for the management of water resources in agriculture: comparing the economic impact of alternative sources of information to schedule irrigation," 2018 Conference, July 28-August 2, 2018, Vancouver, British Columbia 277384, International Association of Agricultural Economists.
    2. Galioto, Francesco & Chatzinikolaou, Parthena & Raggi, Meri & Viaggi, Davide, 2020. "The value of information for the management of water resources in agriculture: Assessing the economic viability of new methods to schedule irrigation," Agricultural Water Management, Elsevier, vol. 227(C).

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