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The Economics of Adoption of Precision Farming

David Zilberman, Teresa Serra, Jeanne M. Reeves, and Edward M. Barnes

ABSTRACT

A simple economic decision aid that will allow producers to enter the level of yield variation in their field and then determine if they will benefit from variable rate application of their inputs has been developed. The only inputs needed are information on production cost, lint prices, and the yield variability present in the field. Given this set of data, we developed an algorithm that will provide farmers with a prediction of the potential profitability of precision farming technologies.





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Document last modified 04/27/04