Hostname: page-component-76fb5796d-45l2p Total loading time: 0 Render date: 2024-04-30T04:48:15.368Z Has data issue: false hasContentIssue false
  • English
  • Français

Risk Management Potential of Precision Farming Technologies

Published online by Cambridge University Press:  28 April 2015

J. Lowenberg-DeBoer
J. Lowenberg-DeBoer*
Affiliation:
Department of Agricultural Economics, Purdue University, West Lafayette, Indiana
Get access

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.

Keywords

food safetyGISGPScrop insurancemarketingprecision farmingsite specific managementrisk
Type
Invited Paper Sessions
Information
Journal of Agricultural and Applied Economics , Volume 31 , Issue 2 , August 1999 , pp. 275 - 285
Copyright
Copyright © Southern Agricultural Economics Association 1999

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)

References

Ackridge, Jay and Whipker, Linda, “1996 Precision Agricultural Services: Dealership Survey Results.” Center for Agri-Business Staff Paper No. 96-11, June 1996.Google Scholar
Ackridge, Jay and Whipker, Linda. “1997 Precision Agricultural Services: Dealership Survey Results.” Center for Agri-Business Staff Paper No. 97-10, June 1997.Google Scholar
Akridge, Jay, and Whipker, Linda. “Sharper Look at the Leading Edge.” Farm Chemicals, June 1998, p.12–15.Google Scholar
Cattanach, Allan. Personal Communication, Extension Sugarbeets. North Dakota State University, Fargo, North Dakota, 1998.Google Scholar
Doster, H.D., Parsons, S.D., Christmas, E.P.. Griffin, D.R., Hawkins, S.E.. and Nielsen, R.L.. “1995 Purdue Crop Guide.” Purdue University, Cooperative Extension Service, ID-166, 1995.Google Scholar
Doster, H.D., Parsons, S.D., Christmas, E.P.. Griffin, D.R., Hawkins, S.E.. and Nielsen, R.L.. “1994 Purdue Crop Guide.” Purdue University, Cooperative Extension Service, ID-166, 1994.Google Scholar
Doster, H.D., Parsons, S.D., Christmas, E.P.. Griffin, D.R., Menge, D.B.. and Nielsen, R.L.. “1993 Purdue Crop Guide.” Purdue University, Cooperative Extension Service, ID-166, 1993.Google Scholar
Hardaker, J., Ruud, Brian, Huirne, B.M., and Anderson, Jock B.. Coping with Risk in Agriculture. CAB International, New York, 1997.Google Scholar
Hien, Victor, Kaboré, Daniel, Youl, Sansan, and Lowenberg-DeBoer, J.. “Stochastic Dominance Analysis of On-Farm-Trial Data: The Riskiness of Alternative Phosphate Sources in Burkina Faso.” Agricultural Economics 15: 3 (January 1997):213–221.Google Scholar
Lowenberg-DeBoer, J. “Adoption Patterns for Precision Agriculture.” In Agricultural Machine Systems, SP-1383, Society of Automotive Engineers, Warrendale, PA, September 1998.Google Scholar
Lowenberg-DeBoer, J. 1998. “What Price is Right?” Farm Chemicals 161: 4 (1998):20–23.Google Scholar
Lowenberg-DeBoer, J. and Aghib, Anthony. “Average Returns and Risk Characteristics of Site Specific P&K Management: Eastern Cornbelt On-Farm-Trial Results.” Journal of Production Agriculture 12: 2 (1999):276–282.CrossRefGoogle Scholar
Lowenberg-DeBoer, J. and Boehlje, Michael. “Revolution, Evaluation, or Deadend: Economic Perspectives on Precision Agriculture.” In Precision Agriculture, Proceedings of the 3rd International Conference on Precision Agriculture, Robert, P.C.. Rus, R.H.. and Larso, W.E.. (eds.), SSSA, Madison, Wisconsin, 1997.Google Scholar
Lowenberg-DeBoer, J. and Swinton, S.M.. “Economics of Site Specific Management in Agronomic Crops.” In Pierce, E.J. and Sadler, J.D.. The State of Site-Specific Management in Agriculture, ASA-CSSA-SSSA, Madison, Wisconsin, 1997.Google Scholar
Mangold, Grant. “How Many Monitors?” Agriculture Innovator 5: 3 (December 1997):2.Google Scholar
Strategic Mapping, Inc. Atlas GIS for Windows, Version 2.0. Santa Clara, California, 1993.Google Scholar
Statistics Canada. 1997 Canada Yearbook. Ottawa, Ontario Canada, 1997.Google Scholar
Taylor, Owen. “Yield Monitors are Marketing Tools.” Soybean Digest (October 1998):6.Google Scholar
United States Department of Agriculture. Agricultural Statistics. National Agricultural Statistics Service, Washington, DC, 1997.Google Scholar
Vitosh, M.L., Johnson, J.W., and Mengel, D.B.. “Tri-State Fertilizer Recommendations for Corn, Soybeans, Wheat and Alfalfa.” Michigan State University, Ohio State University and Purdue University, 1995.Google Scholar