Economics of the Variable Rate Technology Investment Decision for Agricultural Sprayers

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.capital budgeting, decision aid, farm management, precision agriculture, map-based, sensor-based, site-specific management, variable rate technology, Farm Management, Q10, Q16,