PRECISION AGRICULTURE, WHOLE FIELD FARMING AND IRRIGATION PRACTICES: A FINANCIAL RISK ANALYSIS
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One of the main advantages of precision agriculture (PA) is its potential to increase profitability by optimizing the productivity of each section of the field. Incorporating irrigation practices to the PA technology could further increase profitability. However, investing in a complete set of precision agriculture (PA) and/or irrigation equipment represents for the average Kentuckian grain producer a substantial investment that can have a significant impact on the financial risk the he/she faces. An analysis of the consequences of that investment on the farm's cash flow and debt to asset ratio is investigated here