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Rivers, MB | I think its very possible what you are suggesting. I subscribe to a marketing daily email from a market advisor in western Canada. He regularly, during the growing season, sends NDVI maps of western Canada as a whole shaded with progress compared to average. Pasture areas are blocked out so it is only reflecting what is happening to crops.
StatsCanada has been experimenting with attempting to estimate crop yields with satellite imagery so they don't have to call farmers for yield estimates. Last year was the first year where they used both systems to "ground truth" the system.
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Thinking outside the box
