RISK MANAGEMENT POTENTIAL OF PRECISION FARMING TECHNOLOGIES Report as inadecuate




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Initial ideas on risk management uses of precision agricultural technology focused on site-specific treatment of problem areas to reduce the probability of low yields and returns. Recent discussions deal with sensor and remote-sensing information to improve marketing and as applied maps as trace-back mechanisms to manage liability. A theoretical model is presented that suggests that there are plausible circumstances under which precision farming can reduce temporal yield variability. Empirical evidence from an on-farm trial of site-specific P&K management in the Eastern Cornbelt supports the hypothesis that precision farming can have risk-reducing benefits.

Keywords: food safety ; GIS ; GPS ; crop insurance ; marketing ; precision farming ; site specific management ; risk

Subject(s): Research and Development/Tech Change/Emerging Technologies

Risk and Uncertainty

Issue Date: 1999-08

Publication Type: Journal Article

PURL Identifier: http://purl.umn.edu/15366 Published in: Journal of Agricultural and Applied Economics, Volume 31, Number 2 Page range: 275-285

Total Pages: 11

Record appears in: Southern Agricultural Economics Association (SAEA) > Journal of Agricultural and Applied Economics





Author: Lowenberg-DeBoer, James

Source: http://ageconsearch.umn.edu/record/15366?ln=en







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