Economic Aspects of Precision Agriculture Systems

Ludmila Pánková, Renata Aulová and Jan Jarolímek

AGRIS on-line Papers in Economics and Informatics, 2020, vol. 12, issue 3

Abstract: The paper deals with an economic assessment of impacts of precision agriculture (PA) on crop production economy. Based on a questionnaire survey and a FADN agricultural product expense-to-revenue ratio survey, it analyses a set of agricultural businesses the structure of which essentially copies the composition of business forms in the Czech Republic’s agricultural sector. The economic assessment applies economic analysis methods based on cost calculations and a calculation formula that considers the commodity and species production structure. Based on an analysis of a number of scientific studies, it determines specific cost savings and makes a quantification of the effect of precision agriculture techniques on costs. In all the production areas, the greatest effect caused by application of precision agriculture techniques was quantified for winter wheat. Conversely, the lowest financial effects are shown in the analysed production areas for spring wheat. We also identified differences in the cost savings between spring and winter barley; the greater savings occur for winter barley. Financial effects in the form of reduced production costs were also found for other analysed crops cultivated by the businesses studied. The financial savings for the pea plant are almost comparable to those for winter barley. The greatest financial savings were achieved for sugar beet.

Keywords: Agricultural and Food Policy; Research and Development/Tech Change/Emerging Technologies; Research Methods/Statistical Methods (search for similar items in EconPapers)
Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aolpei:320075

DOI: 10.22004/ag.econ.320075

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