This thesis examines the use of precision agriculture data, specifically yield maps, for makingsite-specific economic decisions for improved farm management. The adoption of precisionagriculture on farms has allowed producers to collect a greater quantity and more specificinformation about production than ever before. With such information, site-specific decisions canbe made. Incorporating economic data with yield map data, two primary decision examples aredeveloped: defining areas of production and nonproduction and managing temporal risk spatiallyacross a field. Included with the production/ nonproduction decision are the effects that landtenure arrangements and risk aversion levels have on the decision. The risk maps are developedusing break-even analysis, the coefficient of variation, and a mean-variance framework, all based ona twenty year average of temporal net returns, measured spatially. The risk maps are repeatedincorporating a crop insurance option, a commonly used risk management tool. Results show thatdeveloping these maps can be used by agricultural producers to help with their decision making. Byincorporating these maps into the decision-making process, decisions can be made to increase farmprofitability.
| Identifer | oai:union.ndltd.org:uky.edu/oai:uknowledge.uky.edu:gradschool_theses-1169 |
| Date | 01 January 2002 |
| Creators | Powers, Laura A. |
| Publisher | UKnowledge |
| Source Sets | University of Kentucky |
| Detected Language | English |
| Type | text |
| Format | application/pdf |
| Source | University of Kentucky Master's Theses |
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