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Risk Assessment and Examination of Economic Aspects of Precision Weed Management

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  • Katalin Takács-György

    (Károly Róbert College, Institute of Business and Organizational Management, H–3200 Gyöngyös, Mátrai út 36, Hungary)

  • István Takács

    (Károly Róbert College, Institute of Business and Organizational Management, H–3200 Gyöngyös, Mátrai út 36, Hungary)

Abstract

The aim of this research is to investigate plant production sustainability, the economical requirements, risks, and identify threshold levels to switching on, or off precision weed management techniques in Hungarian growing and sales conditions; taking into consideration that the implementation of precision technology can be justified also by its role in the reduction of environmental load, which would create a harmony between individual usefulness and social utility. A simulation model has been developed to investigate the return of extra investments, along with the risk of this return in relation to the soil type, weed coverage, and the sales price.

Suggested Citation

  • Katalin Takács-György & István Takács, 2011. "Risk Assessment and Examination of Economic Aspects of Precision Weed Management," Sustainability, MDPI, vol. 3(8), pages 1-22, July.
    • Handle: RePEc:gam:jsusta:v:3:y:2011:i:8:p:1114-1135:d:13331
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    References listed on IDEAS

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    4. Steven A. Wolf & Frederick H. Buttel, 1996. "The Political Economy of Precision Farming," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 78(5), pages 1269-1274.
    5. Dillon, Carl R. & Gandonou, Jean-Marc, 2007. "Precision Timing and Spatial Allocation of Economic Fertilizer Application," 2007 Annual Meeting, February 4-7, 2007, Mobile, Alabama 34955, Southern Agricultural Economics Association.
    6. Michael D. Weiss, 1996. "Precision Farming and Spatial Economic Analysis: Research Challenges and Opportunities," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 78(5), pages 1275-1280.
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    Cited by:

    1. Enikő Lencsés & István Takács & Katalin Takács-György, 2014. "Farmers’ Perception of Precision Farming Technology among Hungarian Farmers," Sustainability, MDPI, vol. 6(12), pages 1-14, November.

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