Economics of Precision Agriculture
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Abstract
ECONOMICS OF PRECISION AGRICULTURE Module Outline: 1.0 Economics of Precision Agriculture Introduction 2.0 Economics is Utility is . Marginality is . Relative prices Multiple enterprises 3.0 Time Value of Money Costs of Production Opportunity costs A further word on costs Operating costs Ownership costs 5.0 Risk and Uncertainty Value of Information The Yield Gap 8.0 Partial Budgeting The partial budget format Partial bUdgeting: an example 9.0 -Previous Economic Studies of Precision Agriculture 10.0 Economic Analysis of Precision Agriculture Systems Case 1. Evaluating variable rate application Case 2. Grid-sampling vs. representative sampling 11. Ending Comments 12. Serendipities 13. Readings Farm management Economics of precision agricultu