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What is the economic value of satellite imagery?

January 17, 2013

Does remote-sensing information, such as that from Landsat and similar Earth-observing satellites, provide economic benefits to society, and can this value be estimated? Using satellite data for northeastern Iowa, U.S. Geological Survey scientists modeled the relations among land uses, agricultural production, and dynamic nitrate (NO3-) contamination of aquifers. They demonstrated that information from such modeling can allow more efficient management of agricultural production without sacrificing groundwater quality. Just for northeastern Iowa, the value of such remote-sensing information was shown to be as much as $858 million ± $197 million per year, which corresponds to a current value of $38.1 billion ± $8.8 billion for that flow of benefits into the foreseeable future.

Publication Year 2013
Title What is the economic value of satellite imagery?
DOI 10.3133/fs20133003
Authors Ronald P. Raunikar, William M. Forney, Susan P. Benjamin
Publication Type Report
Publication Subtype USGS Numbered Series
Series Title Fact Sheet
Series Number 2013-3003
Index ID fs20133003
Record Source USGS Publications Warehouse
USGS Organization Western Geographic Science Center