Precision Agriculture Technologies and Farm Profitability
By: Dhoubhadel, Sunil P.
Dhoubhadel, Sunil P., Precision Agriculture Technologies and Farm Profitability, Journal of Agricultural and Resource Economics, Volume 46, Issue 2, May 2021, Pages 256-268
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.