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Economics of the Variable Rate Technology Investment Decision for Agricultural Sprayers

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  • Mooney, Daniel F.
  • Larson, James A.
  • Roberts, Roland K.
  • English, Burton C.

Abstract

Producers lack information about the profitability of variable rate technology (VRT) for agricultural sprayers. An economic framework was developed to evaluate the returns required to pay for VRT investments. Payback variables included input savings, yield gains, and reduced application costs. We illustrate the framework with two example investment scenarios.

Suggested Citation

  • Mooney, Daniel F. & Larson, James A. & Roberts, Roland K. & English, Burton C., 2009. "Economics of the Variable Rate Technology Investment Decision for Agricultural Sprayers," 2009 Annual Meeting, January 31-February 3, 2009, Atlanta, Georgia 46860, Southern Agricultural Economics Association.
    • Handle: RePEc:ags:saeana:46860
    DOI: 10.22004/ag.econ.46860
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    References listed on IDEAS

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    1. Roberts, Roland K. & English, Burton C. & Larson, James A., 2006. "The Variable-Rate Input Application Decision for Multiple Inputs with Interactions," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 31(2), pages 1-23, August.
    2. Bennett, Anne L. & Pannell, David J., 1998. "Economic evaluation of a weed-activated sprayer for herbicide application to patchy weed populations," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 42(4), pages 1-20.
    3. Caleb A. Oriade & Robert P. King & Frank Forcella & Jeffrey L. Gunsolus, 1996. "A Bioeconomic Analysis of Site-Specific Management for Weed Control," Review of Agricultural Economics, Agricultural and Applied Economics Association, vol. 18(4), pages 523-535.
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    Cited by:

    1. Späti, Karin & Huber, Robert & Finger, Robert, 2021. "Benefits of Increasing Information Accuracy in Variable Rate Technologies," Ecological Economics, Elsevier, vol. 185(C).

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    Farm Management;

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