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Crop Production Using Variable Rate Technology for P&K in the United States Midwest: Evaluation of Profitability

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  • Bolotova, Yuliya

Abstract

This study evaluates profitability of crop production with variable rate technology (VRT) for P&K application relative to profitability of crop production with uniform rate technology (URT) using data from six fields with a corn-soybeans rotation situated in Indiana. The results suggest that crop production using VRT is more profitable than using URT in one of the six fields. In the case of the other five fields profitability of crop production using VRT relative to using URT falls in the range of 85 to 92%. Under the assumption of lower costs for field diagnostic services and variable rate fertilizer application profitability of crop production using VRT increases.

Suggested Citation

  • Bolotova, Yuliya, 2006. "Crop Production Using Variable Rate Technology for P&K in the United States Midwest: Evaluation of Profitability," 2006 Annual meeting, July 23-26, Long Beach, CA 21098, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    • Handle: RePEc:ags:aaea06:21098
    DOI: 10.22004/ag.econ.21098
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    References listed on IDEAS

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    1. Daberkow, Stan G. & McBride, William D., 2001. "Information And The Adoption Of Precision Farming," 2001 Annual meeting, August 5-8, Chicago, IL 20556, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
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    Keywords

    Crop Production/Industries;

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