Experiment using a commercial service called Reuters Market Lights. Market, weather and other information provided to farmers by mobile phones resulted in no statistically significant average treatment effect on the prices received by farmers, crop losses resulting from rainstorms, or the likelihood of changing crop varieties and cultivation practices.
Agricultural Communications Documentation Center, Funk Library, University of Illinois Box: 107 Document Number: C10136
Notes:
search from AgEcon. http://agecon.lib.umn.edu, American Agricultural Economics Association Annual Meeting, August 2-5, 1998, Salt Lake City. 14 p., This paper considers an agricultural production model of sequential nitrogen application under risk. Because of
random shocks between successive production stages, optimal fertilization decisions depend on the magnitude of farmers' risk aversion (risk premium), and the possibility for farmers to process information (value of information). We propose a joint estimation procedure of technology and risk aversion parameters, using a structural, simulation-based econometric technique. Parameter estimates for the representative farmer's utility function allow to compute both the value of information and the risk premium for farmers. Those account together for about 30 percent of fertilizer cost for Midwest corn producers.
Agricultural Communications Documentation Center, Funk Library, University of Illinois Box: 198 Document Number: D09637
Notes:
Eugene A. Kroupa Collection, Thesis for Doctor of Philosophy degree, Cooperative Extension-Administration, University of Wisconsin, Madison. 152 pages.
Page 79 in Extension Circular 532, Review of Extension Research, January through December 1959, U.S. Department of Agriculture, Washington, D.C. Summary of research report, College of Agriculture, University of Illinois, Urbana. 1959. 24 pages.
