The Economics of Precision Agricultural Adoption by Cotton Producers in the Southern United States
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Abstract
Precision agriculture is an efficient method of managing agricultural inputs and could potentially improve the environment. This study investigates the economics of precision agriculture, using the 2013 survey data on active cotton producers in 14 southern U.S states conducted by Cotton Incorporated. It is comprised of three essays, namely a) the adoption and extent of adoption of georeferenced grid soil sampling technology using the Shonkwiler and Yen two-part model, b) the adoption and the extent of adoption of efficient irrigation technologies using Shonkwiler and Yen two-part model, and c) the choice of precision agriculture information source using the nested logit model. Based on the results of the three essays, a number of recommendations are made to potentially increase the adoption and use of precision agricultural technologies (including efficient irrigation technologies) in the U.S, in particular, the southern states.