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Value Of Soil Test Information For Crop Production

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  • Lukin, Vladimir
  • Epplin, Francis M.

Abstract

This study was conducted to determine the value of independent and joint nitrogen and phosphorus soil tests. Generalized stochastic dominance was used to estimate the value of information. Combined information from both the nitrogen and phosphorus tests was substantially more valuable than the knowledge of only one of the tests.

Suggested Citation

  • Lukin, Vladimir & Epplin, Francis M., 1999. "Value Of Soil Test Information For Crop Production," 1999 Annual meeting, August 8-11, Nashville, TN 21586, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    • Handle: RePEc:ags:aaea99:21586
    DOI: 10.22004/ag.econ.21586
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    References listed on IDEAS

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    1. Meyer, Jack, 1977. "Choice among distributions," Journal of Economic Theory, Elsevier, vol. 14(2), pages 326-336, April.
    2. Bruce A. Babcock & Alicia L. Carriquiry & Hal S. Stern, 1996. "Evaluation of Soil Test Information in Agricultural Decision‐Making," Journal of the Royal Statistical Society Series C, Royal Statistical Society, vol. 45(4), pages 447-461, December.
    3. Darrell J. Bosch & Vernon R. Eidman, 1987. "Valuing Information When Risk Preferences Are Nonneutral: An Application to Irrigation Scheduling," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 69(3), pages 658-668.
    4. Richard K. Perrin, 1976. "The Value of Information and the Value of Theoretical Models in Crop Response Research," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 58(1), pages 54-61.
    5. Vernon R. Eidman & Gerald W. Dean & Harold O. Carter, 1967. "An Application of Statistical Decision Theory to Commercial Turkey Production," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 49(4), pages 852-868.
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    Cited by:

    1. Maxwell, Brett J. & Wilson, William W. & Dahl, Bruce L., 2004. "Marketing Mechanisms In Gm Grains And Oilseeds," Agribusiness & Applied Economics Report 23639, North Dakota State University, Department of Agribusiness and Applied Economics.

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