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A Whole Farm Analysis of the Influence of Auto-Steer Navigation on Net Returns, Risk, and Production Practices

Published online by Cambridge University Press:  26 January 2015

Jordan M. Shockley ,
Carl R. Dillon  and
Timothy S. Stombaugh
Jordan M. Shockley
Affiliation:
Department of Agricultural Economics, University of Kentucky, Lexington, KY
Carl R. Dillon
Affiliation:
Department of Agricultural Economics, University of Kentucky, Lexington, KY
Timothy S. Stombaugh
Affiliation:
Department of Biosystems and Agricultural Engineering, University of Kentucky, Lexington, KY
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Abstract

A whole farm economic analysis was conducted to provide a detailed assessment into the economic, risk, and production implications due to the adoption of auto-steer navigation. It was determined that auto-steer navigation was profitable for a grain farmer in Kentucky with net returns increasing up to 0.90% ($3.35/acre). Additionally, the technology could be used in reducing production risk. Adoption of the technology also alters production practices for optimal use.

Keywords

economicsfarm managementmean-varianceprecision agriculturesimulationC61C63D81Q12Q16
Type
Research Article
Information
Journal of Agricultural and Applied Economics , Volume 43 , Issue 1 , February 2011 , pp. 57 - 75
Copyright
Copyright © Southern Agricultural Economics Association 2011

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