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On the Economics of Precision Agriculture: Technical, Informational and Environmental Aspects

Author

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  • Anvec, Tihomir
  • Whelan, Brett
  • McBratney, Alex

Abstract

The paper presents an integrated framework of biophysical and economic modelling as a novel approach towards precision agriculture research. A theoretical economic model determining the optimal number of precision agriculture management units within a given field of land is presented. The model is expanded to account for the value of the research information provided be the precision agriculture researchers. Since the inherent environmental values associated with precision agriculture are often omitted from the economic analysis, an attempt is made to incorporate these values into the model. The versions of the model are empirically tested using the data available.

Suggested Citation

  • Anvec, Tihomir & Whelan, Brett & McBratney, Alex, 2004. "On the Economics of Precision Agriculture: Technical, Informational and Environmental Aspects," 2004 Conference (48th), February 11-13, 2004, Melbourne, Australia 58362, Australian Agricultural and Resource Economics Society.
    • Handle: RePEc:ags:aare04:58362
    DOI: 10.22004/ag.econ.58362
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    References listed on IDEAS

    as
    1. Hurley, Terrance M. & Malzer, Gary L. & Kilian, Bernard, 2003. "Estimating Site-Specific Nitrogen Crop Response Functions: A Conceptual Framework And Geostatistical Model," 2003 Annual meeting, July 27-30, Montreal, Canada 21950, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    2. Bongiovanni, Rodolfo & Lowenberg-DeBoer, James, 2001. "Precision Agriculture: Economics Of Nitrogen Management In Corn Using Site-Specific Crop Response Estimates From A Spatial Regression Model," 2001 Annual meeting, August 5-8, Chicago, IL 20650, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    3. Sankar, . Ulaganathan (ed.), 2001. "Environmental Economics," OUP Catalogue, Oxford University Press, number 9780195659139.
    4. Michael D. Weiss, 1996. "Precision Farming and Spatial Economic Analysis: Research Challenges and Opportunities," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 78(5), pages 1275-1280.
    5. Ancev, Tihomir & Stoecker, Arthur L. & Storm, Daniel E., 2003. "Optimal Spatial Allocation Of Waste Management Practices To Reduce Phosphorus Pollution In A Watershed," 2003 Annual meeting, July 27-30, Montreal, Canada 22179, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    Full references (including those not matched with items on IDEAS)

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    Cited by:

    1. Ancev, Tihomir & Odeh, Inakwu O.A., 2005. "Use of Spatially Referenced Data in Agricultural Economics Research," 2005 Conference (49th), February 9-11, 2005, Coff's Harbour, Australia 137743, Australian Agricultural and Resource Economics Society.
    2. Brown, Rachael M. & Dillon, Carl R. & Schieffer, Jack & Shockley, Jordan M., 2012. "The Impact of Precision Agriculture Techniques on Kentucky Grain Farmers' Carbon Footprint," 2012 Annual Meeting, February 4-7, 2012, Birmingham, Alabama 119802, Southern Agricultural Economics Association.

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