1 / 12

MAKING PRECISION AGRICULTURE PAY !

MAKING PRECISION AGRICULTURE PAY !. Frannie Rogers BIOEN/SOIL 4213. Economics. Consider Costs Annual Cost of Precision Farming Tools Depends on equipment, software, & databases Changes in Crop Input Costs Fertilizer, herbicide, & seed Investment Costs

duff
Télécharger la présentation

MAKING PRECISION AGRICULTURE PAY !

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. MAKING PRECISION AGRICULTURE PAY! Frannie Rogers BIOEN/SOIL 4213

  2. Economics • Consider Costs • Annual Cost of Precision Farming Tools • Depends on equipment, software, & databases • Changes in Crop Input Costs • Fertilizer, herbicide, & seed • Investment Costs • Cost of developing “human capital” • Workshops, training fees, time away from work, and “wrong decisions” made while learning

  3. Economics (cont.) • Short-term Benefits • Site specific information improves ability to diagnose crop production problems • Yield restrictions caused by drainage, soil type, diseases, weeds can be identified & corrected • Prevention of over-application of inputs • Promotes good land stewardship

  4. Economics (cont.) • Long-term Benefits • Data Collected & Analyzed • Evaluation of Management Practices • Comparison of Yield Variations • Evaluation of Crop Inputs, New Products • Tracks Trends & Identifies Problems • Changes in crop rotation & varieties

  5. Economics (cont.) • Efficient Equipment Use • Increases Field Efficiency • Reduces overlaps & missed applications • Increased Machinery Utilization rate • Uses soil characteristics & weather to improve scheduling of operations • Reduces Risk • Reduces Variability in Net Returns

  6. Data Management • Costs are cut, yields improved if farmers share data & results • The potential of precision agriculture may be limited if large companies control precision data • If data is not shared, practical & profitable uses are not developed

  7. Future Benefits • Production of Accurate Maps • Prevents paying unnecessary premiums • Increases your average yield, which increases coverage & can decrease cost • Inaccurate maps may mean over-paying for other farm input costs

  8. Is It Profitable? • Technology must be used in ways that fit the local farming conditions • One or two inputs will not consistently pay the costs of site specific data collection & use • Profits depend on increasing yield & or quality

  9. Is It Profitable? • Profitability of spatial management is linked to the crop value • Economics of precision agriculture are site specific • Whole-farm information will drive the economics of precision agriculture

  10. Conclusion • Most profitable uses • Diagnosis of crop problems • Information system applications • Risk management • Crop differentiation & process control • Investment of time & resources

  11. Conclusion (cont.) • Profitability depends on various factors • Crop value & yield • Interpretation of data collected • Economics change with technology • Make informed management decisions • Full capabilities may not be evident

  12. References • An overview of Precision Farming Technology: Is It for You? • http://www.gov.mb.ca/agriculture/facts/fbc08s00.html • Economics of Precision Farming: Payoff in the Future • http://mollisol.agry.purdue.edu/SSMC/publications/economic_issues.html

More Related