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AgProfit™: a net present value and cash flow based decision aid for agriculture producers

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  • James W. Julian
  • Clark F. Seavert
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    Abstract

    Purpose – The purpose of this paper is to present AgProfit™ as a tool for users to assess economic risks associated with adoption of new technologies or production practices in production agriculture. Design/methodology/approach – This paper presents the AgProfit™ software program, its approach to capital investment analysis and demonstrates the program use by developing a scenario for analysis and discusses the process and results of the analysis. Findings – AgProfit™ was developed to assist growers in understanding the risks associated with technology adoption. The example presented in this paper demonstrates the value of the software program as a decision-making tool on the complex question of how many acres are required for an economically beneficial adoption of a new technology. Thus, with this software program, a grower can base investment decisions on the net present value and internal rates of return on an investment rather than a sales pitch or “gut” feeling. Originality/value – AgProfit™ is a recently developed software program that fills a void in available decision tools, providing users with the ability to assess the profitability and feasibility of production investment decisions.

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    File URL: http://www.emeraldinsight.com/journals.htm?issn=0002-1466&volume=71&issue=3
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    Bibliographic Info

    Article provided by Emerald Group Publishing in its journal Agricultural Finance Review.

    Volume (Year): 71 (2011)
    Issue (Month): 3 (November)
    Pages: 366-378

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    Handle: RePEc:eme:afrpps:v:71:y:2011:i:3:p:366-378

    Contact details of provider:
    Web page: http://www.emeraldinsight.com

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    Postal: Emerald Group Publishing, Howard House, Wagon Lane, Bingley, BD16 1WA, UK
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    Web: http://www.emeraldinsight.com/afr.htm

    Related research

    Keywords: Agriculture; Computer software; Decision support systems; Financial analysis; Net present value; Risk assessment; Specialty crops; Technology adoption;

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