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The Value of Information in Precision Farming

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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
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    File URL: http://purl.umn.edu/6742
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    Keywords

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

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