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The Value of Information in Precision Farming

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  • Liu, Xuanli
  • Nelson, Macon
  • Ibrahim, Mohammed
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    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.

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    File URL: http://purl.umn.edu/6742
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    Bibliographic Info

    Paper provided by Southern Agricultural Economics Association in its series 2008 Annual Meeting, February 2-6, 2008, Dallas, Texas with number 6742.

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    Date of creation: 2008
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    Handle: RePEc:ags:saeaed:6742

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    Related research

    Keywords: Farm Management; Research and Development/Tech Change/Emerging Technologies;

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