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| Olson, Kent D.; Elisabeth, Pascal. |
| The full impact of an investment in a management information system (MIS), such as precision agriculture (PA), comes from improved managerial decision making throughout the whole farm and not just from improvements in a specific part of the farm. This study was conducted to determine whether the adoption of PA had a positive impact on whole-farm profitability. To overcome problems of simultaneity and self-selection in the adoption decision of PA, this study used a two stage econometric model using data from farms in Southwest Minnesota. The PA adoption decision was evaluated in the first stage, and the impact of adopting PA was evaluated in the second stage. The whole farm rate of return to assets (ROA) was used to measure the impact of PA. For all 212... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Precision agriculture; Economics; Adoption; Profitability; Agribusiness. |
| Ano: 2003 |
URL: http://purl.umn.edu/22119 |
