Optimal Information Acquisition under a Geostatistical Model

Develops a framework for incorporating estimation risk into a decision model to determine the optimal amount of soil test information when applying nitrogen fertilizer using a variable rate technology (VRT). Producers should acknowledge that the soil nitrate mapping is a collection of estimates and does not provide information at non-sampled sites. Switching from single rate technology to VTR is more plausible for fields with greatest soil nitrate variability.

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Year of publication:	1999-04
Authors:	Babcock, Bruce Alan ; Pautsch, Gregory R. ; Breidt, F. Jay
Institutions:	Center for Agricultural and Rural Development (CARD), Iowa State University

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Extent:	application/pdf text/html
Series:	Center for Agricultural and Rural Development (CARD) Publications.
Type of publication:	Book / Working Paper
Language:	English
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005786399