IDEAS home Printed from https://ideas.repec.org/p/ias/cpaper/96-wp156.html
   My bibliography  Save this paper

Effects of Site-Specific Management on the Application of Agricultural Inputs

Author

Abstract

Site-specific management of inputs in agricultural production is receiving increased attention because of new technologies and concerns about excessive input use. This paper provides a microeconomic analysis of its implications. It shows that profit decreases with an increase in the variability of input requirements, but that input and production effects can be quite complicated.

Suggested Citation

  • David A. Hennessy & Bruce A. Babcock & Timothy E. Fiez, 1996. "Effects of Site-Specific Management on the Application of Agricultural Inputs," Center for Agricultural and Rural Development (CARD) Publications 96-wp156, Center for Agricultural and Rural Development (CARD) at Iowa State University.
    • Handle: RePEc:ias:cpaper:96-wp156
    as

    Download full text from publisher

    File URL: https://www.card.iastate.edu/products/publications/pdf/96wp156.pdf
    File Function: Full Text
    Download Restriction: no
    File URL: https://www.card.iastate.edu/products/publications/synopsis/?p=144
    File Function: Online Synopsis
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Chavas, Jean-Paul & Kristjanson, Patricia M. & Matlon, Peter, 1991. "On the role of information in decision making : The case of sorghum yield in Burkina Faso," Journal of Development Economics, Elsevier, vol. 35(2), pages 261-280, April.
    2. Ormiston, Michael B. & Schlee, Edward E., 1992. "Necessary conditions for comparative statics under uncertainty," Economics Letters, Elsevier, vol. 40(4), pages 429-434, December.
    3. Babcock, Bruce A. & Blackmer, Alfred M., 1992. "The Value Of Reducing Temporal Input Nonuniformities," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 17(2), pages 1-13, December.
    4. John O.S. Kennedy & I.F. Whan & R. Jackson & John L. Dillon, 1973. "Optimal Fertilizer Carryover And Crop Recycling Policies For A Tropical Grain Crop," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 17(2), pages 104-113, August.
    5. Kennedy, John O.S., 1986. "Rules For Optimal Fertilizer Carryover: An Alternative Explanation," Review of Marketing and Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 54(02), pages 1-8, August.
    6. Ormiston Michael B. & Schlee Edward E., 1993. "Comparative Statics under Uncertainty for a Class of Economic Agents," Journal of Economic Theory, Elsevier, vol. 61(2), pages 412-422, December.
    7. Katz, Eliakim, 1984. "On variability under certainty," European Economic Review, Elsevier, vol. 26(1-2), pages 109-113.
    8. Hadar, Josef & Seo, Tae Kun, 1990. "The Effects of Shifts in a Return Distribution on Optimal Portfolios," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 31(3), pages 721-736, August.
    9. Wayne A. Fuller, 1965. "Stochastic Fertilizer Production Functions for Continuous Corn," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 47(1), pages 105-119.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Olson, Kent D., 1998. "Precision Agriculture: Current Economic And Environmental Issues," Conference Papers 14487, University of Minnesota, Center for International Food and Agricultural Policy.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Hennessy, David A. & Babcock, Bruce A., 1998. "Information, flexibility, and value added1," Information Economics and Policy, Elsevier, vol. 10(4), pages 431-449, December.
    2. Zhou, Xia “Vivian” & Clark, Christopher D. & Lambert, Dayton M. & English, Burton C. & Larson, James A. & Boyer, Christopher N., 2015. "Biomass supply and nutrient runoff abatement under alternative biofuel feedstock production subsidies," Agricultural Systems, Elsevier, vol. 139(C), pages 250-259.
    3. Gollier, Christian & Schlesinger, Harris, 1996. "Portfolio choice under noisy asset returns," Economics Letters, Elsevier, vol. 53(1), pages 47-51, October.
    4. Kennedy, John O.S., 1986. "Rules For Optimal Fertilizer Carryover: An Alternative Explanation," Review of Marketing and Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 54(02), pages 1-8, August.
    5. Christian Gollier, 2011. "Portfolio Choices and Asset Prices: The Comparative Statics of Ambiguity Aversion," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 78(4), pages 1329-1344.
    6. Gollier Christian & Schlee Edward E, 2006. "Increased Risk-Bearing with Background Risk," The B.E. Journal of Theoretical Economics, De Gruyter, vol. 6(1), pages 1-29, March.
    7. Jouini, E. & Napp, C., 2008. "On Abel's concept of doubt and pessimism," Journal of Economic Dynamics and Control, Elsevier, vol. 32(11), pages 3682-3694, November.
    8. Arthur Snow, 2000. "LeChatelier Effects for the Competitive Firm under Price Uncertainty," Southern Economic Journal, John Wiley & Sons, vol. 66(3), pages 715-728, January.
    9. Harmon, Xavier & Boyer, Christopher N. & Lambert, Dayton M. & Larson, James A., 2017. "Temporal Frequency Of Soil Test Information Effects On Returns To Potassium Fertilization In Cotton Production," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 49(2), pages 251-272, May.
    10. Harmon, Xavier & Boyer, Christopher N. & Lambert, Dayton M. & Larson, James A. & Gwathmey, C. Owen, 2016. "Comparing the Value of Soil Test Information Using Deterministic and Stochastic Yield Response Plateau Functions," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 41(2), May.
    11. Robert Chambers & John Quiggin, 2007. "Information value and efficiency measurement for risk-averse firms," Journal of Productivity Analysis, Springer, vol. 27(3), pages 197-208, June.
    12. Woodward, Simon J.R., 1996. "A Dynamic Nutrient Carryover Model for Pastoral Soils and its Application to Optimising Fertiliser Allocation to Several Blocks with a Cost Constraint," Review of Marketing and Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 64(01), pages 1-11, April.
    13. Agarwal, Sandip Kumar, 2017. "Subjective beliefs and decision making under uncertainty in the field," ISU General Staff Papers 201701010800006248, Iowa State University, Department of Economics.
    14. Thomas Paulsson & Robert Sproule & Andreas Wagener, 2005. "The Demand For A Risky Asset: Signing, Jointly And Separately, The Effects Of Three Distributional Shifts," Metroeconomica, Wiley Blackwell, vol. 56(2), pages 221-232, May.
    15. Jean-Paul Chavas, 2012. "On learning and the economics of firm efficiency: a state-contingent approach," Journal of Productivity Analysis, Springer, vol. 38(1), pages 53-62, August.
    16. Susan Athey, 2002. "Monotone Comparative Statics under Uncertainty," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 117(1), pages 187-223.
    17. Hau, Arthur, 2010. "Comparative statics of changes in risk on monotonically and partially responsive kinked payoffs," European Journal of Operational Research, Elsevier, vol. 201(1), pages 267-276, February.
    18. Sergio Sousa, 2010. "Small-scale changes in wealth and attitudes toward risk," Discussion Papers 2010-11, The Centre for Decision Research and Experimental Economics, School of Economics, University of Nottingham.
    19. Christian Gollier & James Hammitt & Nicolas Treich, 2013. "Risk and choice: A research saga," Journal of Risk and Uncertainty, Springer, vol. 47(2), pages 129-145, October.
    20. Broll, Udo & Wong, Kit Pong, 2002. "Optimal full-hedging under state-dependent preferences," The Quarterly Review of Economics and Finance, Elsevier, vol. 42(5), pages 937-943.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ias:cpaper:96-wp156. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: the person in charge (email available below). General contact details of provider: https://edirc.repec.org/data/caiasus.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.