Entry Point Precision Ag Technology: Benefits & Costs for Decision Making
John Hanchar, Farm Business Management Specialist
Northwest New York Dairy, Livestock & Field Crops
March 15, 2016
Summary
- Expected changes in profit attributed to auto steer exceed 0 over a range of expected values for key factors
- overlap without and with auto steer, acres affected, and others
- Net present value analysis yields similar favorable results
- Understand that some benefits to the operator are difficult to quantify, but valuable -- reduced stress, reduced fatigue
- Producers encouraged to take advantage of analysis provided by equipment professionals, advisors etc. when making decisions
Precision Agriculture Technology: Benefits and Costs for Decision Making (pdf; 453KB)
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