On the Economics of Precision Agriculture: Technical, Informational and Environmental Aspects
The paper presents an integrated framework of biophysical and economic modelling as a novel approach towards precision agriculture research. A theoretical economic model determining the optimal number of precision agriculture management units within a given field of land is presented. The model is expanded to account for the value of the research information provided be the precision agriculture researchers. Since the inherent environmental values associated with precision agriculture are often omitted from the economic analysis, an attempt is made to incorporate these values into the model. The versions of the model are empirically tested using the data available.
|Date of creation:||Feb 2004|
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- Hurley, Terrance M. & Malzer, Gary L. & Kilian, Bernard, 2003.
"Estimating Site-Specific Nitrogen Crop Response Functions: A Conceptual Framework And Geostatistical Model,"
2003 Annual meeting, July 27-30, Montreal, Canada
21950, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
- Malzer, Gary L. & Hurley, Terrance M. & Kilian, Bernard, 2004. "Estimating Site-Specific Nitrogen Crop Response Functions: A Conceptual Framework And Geostatistical Model," Staff Papers 14111, University of Minnesota, Department of Applied Economics.
- Michael D. Weiss, 1996. "Precision Farming and Spatial Economic Analysis: Research Challenges and Opportunities," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 78(5), pages 1275-1280. Full references (including those not matched with items on IDEAS)
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