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Precision Timing and Spatial Allocation of Economic Fertilizer Application

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  • Dillon, Carl R.
  • Gandonou, Jean-Marc

Abstract

Recent increases in fertilizer, particularly nitrogen, and fuel price have resulted in increased production cost for farmers. In this paper a farm level production model that compare uniform and variable rate fertilizer (NPK) application is developed that permits an analysis of the economic performance of fertilizer management regarding profitability. Results show that farmer's exposure to fertilizer and fuel prices risk have substantial impact both on the expected net returns and production practices for producers both uniform and variable rate technology.

Suggested Citation

  • 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.
    • Handle: RePEc:ags:saeasm:34955
    DOI: 10.22004/ag.econ.34955
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    File URL: https://ageconsearch.umn.edu/record/34955/files/sp07ga06.pdf
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    References listed on IDEAS

    as
    1. Gandonou, Jean-Marc & Dillon, Carl & Shearer, Scott & Stombaugh, Tim, 2006. "Precision Agriculture Equipment Ownership versus Custom Hire: A Break-even Land Area Analysis," Journal of the ASFMRA, American Society of Farm Managers and Rural Appraisers, vol. 2006, pages 1-11.
    2. Dillon, Carl R., 1999. "Production Practice Alternatives for Income and Suitable Field Day Risk Management," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 31(2), pages 247-261, August.
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    Cited by:

    1. Takacs-Gyorgy, Katalin & Lencses, Eniko & Takacs, Istvan, 2013. "Economic benefits of precision weed control and why its uptake is so slow," Studies in Agricultural Economics, Research Institute for Agricultural Economics, vol. 115(1), pages 1-7, February.
    2. 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.
    3. Takacs-Gyorgy, Katalin, 2012. "Economic Aspects Of An Agricultural Innovation – Precision Crop Production," APSTRACT: Applied Studies in Agribusiness and Commerce, AGRIMBA, vol. 6(1-2), pages 1-8, September.
    4. Fanelli Rosa Maria, 2018. "Rural Small and Medium Enterprises Development in Molise (Italy)," European Countryside, Sciendo, vol. 10(4), pages 566-589, December.
    5. Goeringer, L. Paul & Goodwin, Harold L., Jr. & Dixon, Bruce L. & Popp, Michael P., 2013. "EnVesting in an Agricultural Legacy: Design and Implementation of a Targeted Young and Beginning Farmer Loan Program in Arkansas," 2013 Annual Meeting, February 2-5, 2013, Orlando, Florida 143037, Southern Agricultural Economics Association.

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    Keywords

    Crop Production/Industries;

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