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Precision Agriculture Equipment Ownership versus Custom Hire: A Break-even Land Area Analysis

Author

Listed:
  • Gandonou, Jean-Marc
  • Dillon, Carl
  • Shearer, Scott
  • Stombaugh, Tim

Abstract

Identifying the least-cost strategy of obtaining a technology is important. This study determined the break-even cropped area necessary to economically justify the purchase of Precision Agriculture (PA) equipment versus the custom hiring of the PA services. The results suggest that a commercial Kentucky grain farmers would purchase the PA equipment.

Suggested Citation

  • 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.
    • Handle: RePEc:ags:jasfmr:190699
    DOI: 10.22004/ag.econ.190699
    as

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    File URL: https://ageconsearch.umn.edu/record/190699/files/253_Gandonou.pdf
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    References listed on IDEAS

    as
    1. Dillon, Carl R., 1993. "Advanced breakeven analysis of agricultural enterprise budgets," Agricultural Economics, Blackwell, vol. 9(2), pages 127-143, August.
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    Cited by:

    1. Geneviève Nguyen & Julien Brailly & François Purseigle, 2020. "Strategic outsourcing and precision agriculture: towards a silent reorganization of agricultural production in France ?," Post-Print hal-02942720, HAL.
    2. Stefanini, Melissa & Larson, James A. & Boyer, Christopher N. & Cho, Seong-Hoon & Lambert, Dayton & Yin, Xinhua, 2015. "Profitability of Variable-Rate Technology in Cotton Production," 2015 Annual Meeting, January 31-February 3, 2015, Atlanta, Georgia 196995, Southern Agricultural Economics Association.
    3. 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.

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