Journal of Agricultural and Resource Economics
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The value of information to farmers from a soybean rust sentinel plot monitoring network is estimated. Monitoring provides value over time from farmers learning about their risk of infection and contemporaneously from farmers making more profitable fungicide applications. Optimizing the spatial configuration of the network reveals the value of information plateaus at around $920M with around 75 sentinel plots. The optimal spatial distribution of sentinel plots differs substantially from historical placements. Optimal sentinel plot placement would have included fewer plots in the Southern United States where the risk of infection is relatively high and more in the Midwest where soybean production is relatively high.
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