Article
Precision Agriculture Technologies and Farm Profitability
Journal of Agricultural and Resource Economics
(2021)
Abstract
This paper uses the staggered difference-in-difference model to assess the ex post impact of precision agriculture (PA) technology adoption on whole-farm profitability. The results indicate that PA technologies do not contribute as much to farm profitability when analyzed over a period of time. PA technologies may increase some operational efficiency, but farmers should not adopt PA assuming that it will improve farm profitability. The positive contribution of a majority of PA technologies to farm profitability has not yet been established.
Keywords
- difference-in-difference method,
- ex post impact evaluation,
- precision agriculture adoption,
- whole-farm returns
Disciplines
Publication Date
Spring March, 2021
DOI
doi: 10.22004/ag.econ.303598
Citation Information
Sunil P. Dhoubhadel. "Precision Agriculture Technologies and Farm Profitability" Journal of Agricultural and Resource Economics Vol. 46 Iss. 2 (2021) p. 256 - 268 Available at: http://works.bepress.com/sunil-dhoubhadel/15/