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A whole-farm investment analysis of some precision agriculture technologies AgEcon
Knight, Brad; Malcolm, Bill.
This study used information about a farm in the Victorian Mallee during the period 1998 – 2005 to analyse the profitability of investing in Precision Agriculture and Site-Specific Crop Management technology and farming systems. Two equipment guidance systems were evaluated. Both guidance systems earned more than 8 percent real return p.a. on the extra capital invested. A Real-Time Kinetic (RTK) guidance system with a precision of 2 cm and a capital cost of $50,000 was less profitable than a Sub-Metre guidance system with 20 cm accuracy and costing $20,000. Producers investing in RTK guidance technology would be well-paid to also adopt supporting management practices that enhance crop gross margins or provide other benefits. The capital cost of GPS...
Tipo: Article Palavras-chave: Precision Agriculture; GPS technology; Investment; Farm Management.
Ano: 2009 URL: http://purl.umn.edu/121470
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