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

Jean-Marc Gandonou, Carl Dillon, Scott Shearer and Tim Stombaugh

Journal of the ASFMRA, 2006, vol. 2006, 11

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.

Keywords: Agricultural Finance; Farm Management; Financial Economics (search for similar items in EconPapers)
Date: 2006
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Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:ags:jasfmr:190699

DOI: 10.22004/ag.econ.190699

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