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RISK MANAGEMENT POTENTIAL OF PRECISION FARMING TECHNOLOGIES AgEcon
Lowenberg-DeBoer, James.
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.
Tipo: Journal Article Palavras-chave: Food safety; GIS; GPS; Crop insurance; Marketing; Precision farming; Site specific management; Risk; Research and Development/Tech Change/Emerging Technologies; Risk and Uncertainty.
Ano: 1999 URL: http://purl.umn.edu/15366
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