Journal of Agricultural and Resource Economics
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Adoption of precision agriculture technology has arrived considerable attention, but abandonment has received little. This paper identified factors motivating adoption and abandonment of precision soils sampling in cotton. Younger producers who farmed more cotton area, owned more of their cropland, planted more non-cotton area, or used a computer were more likely to adopt precision soil sampling. Those with more cotton area or who owned livestock were more likely to abandon, while those who used precision soil sampling longer, or used variable-rate fertilizer application were less likely to abandon precision soil sampling.
Cover crops can help reduce the negative environmental impacts of cotton production. Using time series yield data, this study utilizes generalized stochastic dominance to evaluate the relative worth, via risk premiums, of three cover crop and two conventional production systems based on expected net returns of each system and decision maker risk attitude. Results indicate, within the limitation of the study, two cover crop regimes possess a high degree of dominance over conventional systems. Determination of the dominant regime depends upon the risk attitude of a specific decision maker. This research suggests cover crop production systems may be feasible alternatives to conventional practices.
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