Economics of the Variable Rate Technology Investment Decision for Agricultural Sprayers
AbstractProducers lack information about the profitability of variable rate technology (VRT) for agricultural sprayers. An economic framework was developed to evaluate the returns required to pay for VRT investments. Payback variables included input savings, yield gains, and reduced application costs. We illustrate the framework with two example investment scenarios.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoPaper provided by Southern Agricultural Economics Association in its series 2009 Annual Meeting, January 31-February 3, 2009, Atlanta, Georgia with number 46860.
Date of creation: 2009
Date of revision:
capital budgeting; decision aid; farm management; precision agriculture; map-based; sensor-based; site-specific management; variable rate technology; Farm Management; Q10; Q16;
Find related papers by JEL classification:
- Q10 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - General
- Q16 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - R&D; Agricultural Technology; Biofuels; Agricultural Extension Services
This paper has been announced in the following NEP Reports:
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Bennett, Anne L. & Pannell, David J., 1998. "Economic evaluation of a weed-activated sprayer for herbicide application to patchy weed populations," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 42(4), December.
- Roberts, Roland K. & English, Burton C. & Larson, James A., 2006. "The Variable-Rate Input Application Decision for Multiple Inputs with Interactions," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 31(02), August.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (AgEcon Search).
If references are entirely missing, you can add them using this form.