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Abstract
The promise of “big data” has been
praised by the popular media. Concepts
and impediments surrounding big data
are discussed relative to both the current
status and anticipated direction of the
industry. Rural property professionals,
such as farm managers and rural
appraisers, have an opportunity to
position themselves and their clients to
make effective use of big data. Topics
relevant to big data in agriculture include
farmland values, lease arrangements,
data ownership, data as an asset and
its valuation, and the ramifications of
wireless connectivity. The challenges
that rural property professionals may
encounter when integrating big data into
their portfolio of services are described.