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Precision agriculture is increasingly organized around farm-generated data, connected machinery, remote sensing, digital advisory tools, analytics platforms, and data-sharing arrangements that reshape how decisions are made, value is created, and responsibility is distributed across agricultural systems. This article develops an original policy framework for farm data sovereignty in precision agriculture, treating sovereignty not as a simple ownership claim but as a governance condition shaped by farmer rights, access, control, consent, portability, transparency, interoperability, benefit-sharing, accountability, and institutional oversight. The framework approach is conceptual and literature-grounded, focusing on how farm data move through platform-controlled infrastructures, service contracts, advisory networks, cooperatives, research systems, and commercial analytics environments. The central policy problem is that farmers may generate data essential to precision agriculture while lacking practical ability to understand, access, transfer, audit, contest, or benefit from data and data-derived services. The article identifies key governance dimensions for fair, transparent, and interoperable farm data ecosystems, including contract fairness, platform accountability, data stewardship, privacy, cybersecurity, algorithmic transparency, dispute resolution, and collective governance. Its contribution is to provide a structured policy framework that helps policymakers, farm organizations, cooperatives, technology providers, advisory services, researchers, and platform developers diagnose governance gaps and design data policies that protect farmer agency while enabling responsible data sharing and innovation in precision agriculture.