QUANTIFYING THE DIFFERENCES IN MANAGEMENT GOALS AND TECHNOLOGY CHOICE IN PEANUT PRODUCTION
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Precision farming and whole-field farming are compared with respect to yields, net present value of returns above nitrogen and water costs (NPVR), and nitrogen application rates to determine the differences in management practices. Precision farming yields, NPVR, and nitrogen application levels are then compared under yield maximizing verses profit maximizing strategies. The results quantify the gains from technology and management goals of peanut producers and suggest the technology effect is greater than the management effect.