PRECISION AGRICULTURE, WHOLE FIELD FARMING AND IRRIGATION PRACTICES: A FINANCIAL RISK ANALYSIS

Jean-Marc Gandonou and Carl R. Dillon

No 22078, 2003 Annual meeting, July 27-30, Montreal, Canada from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

Abstract: One of the main advantages of precision agriculture (PA) is its potential to increase profitability by optimizing the productivity of each section of the field. Incorporating irrigation practices to the PA technology could further increase profitability. However, investing in a complete set of precision agriculture (PA) and/or irrigation equipment represents for the average Kentuckian grain producer a substantial investment that can have a significant impact on the financial risk the he/she faces. An analysis of the consequences of that investment on the farm's cash flow and debt to asset ratio is investigated here

Keywords: Crop; Production/Industries (search for similar items in EconPapers)
Pages: 20
Date: 2003
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea03:22078

DOI: 10.22004/ag.econ.22078

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