Date of Award
2022
Publisher
North Dakota State University
Document Type
Thesis
Degree Awarded
Doctor of Philosophy (PhD)
Program
Economic Benefits,
Department
Agribusiness and Applied Economics
College
Business
Faculty Advisor
Wachenheim, Cheryl
Description
The purpose of this research was to build a model of profitability that can be used by individual farmers to calculate the net benefits of using precision agricultural technologies on their farms. Three case farms were selected. Partial budgeting analysis is used to calculate the net profit effect of adopting precision agricultural technology bundles. Two scenarios were compared: farms adopting precision agricultural technologies and farms not adopting. Revenues and costs that differ between the two scenarios are included in the model. A six-step process was employed and @Risk was used to account for risk. Results show that adopting PA is profitable for farms with moderate input use variability and this is amplified with higher input prices.
Recommended Citation
Jahan, Mohsina, "Economic Benefits of Precision Agricultural Technologies" (2022). Agribusiness and Applied Economics. 24.
https://digitalcommons.ndsu.edu/agribusiness-applied-econ/24
Rights
NDSU policy 190.6.2
Rights Link
https://www.ndsu.edu/fileadmin/policy/190.pdf
Handle Identifier
https://hdl.handle.net/10365/33330