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What is the economic value of satellite imagery?

Fact Sheet 2013-3003

By:
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Abstract

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.

Additional Publication Details

Publication type:
Report
Publication Subtype:
USGS Numbered Series
Title:
What is the economic value of satellite imagery?
Series title:
Fact Sheet
Series number:
2013-3003
Year Published:
2013
Language:
English
Publisher:
U.S. Geological Survey
Publisher location:
Reston, VA
Contributing office(s):
Western Geographic Science Center
Description:
2 p.
Additional Online Files(Y/N):
N