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Please use this identifier to cite or link to this item: http://purl.umn.edu/15366

Title: RISK MANAGEMENT POTENTIAL OF PRECISION FARMING TECHNOLOGIES
Authors: Lowenberg-DeBoer, James
Keywords: food safety
GIS
GPS
crop insurance
marketing
precision farming
site specific management
risk
Issue Date: 1999-08
Abstract: 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.
URI: http://purl.umn.edu/15366
Institution/Association: Journal of Agricultural and Applied Economics>Volume 31, Number 02, August 1999
Total Pages: 11
Language: English
From Page: 275
To Page: 285
Collections:Volume 31, Number 02, August 1999

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