@inproceedings{6913acf166cc4e38a49483c8c89d279d,
title = "The economic value of on-farm precision experimentation",
abstract = "Researchers have begun showing that the exact same technology that allows farmers to implement variable rate N application can also be used to run agronomic experiments on their own farms. Thus, farmers may run agronomic experiments and then refine their current N application rates based on the information obtained through the experiments. Monte Carlo simulations were conducted of the dynamic optimization problem of when to switch from on-farm field trials to site-specific management to maximize the net present value of the stream of profits for a given period of time. Results were that on-farm field trials can be highly valuable to farmers, depending on their current N application practice.",
keywords = "Economic value, On-farm experimentation",
author = "Bullock, {D. S.} and T. Mieno",
note = "Funding Information: This research was funded in part by a USDA National Institute of Food and Agriculture Food Security Program grant, award number 2016-68004-24769, and by USDA NIFA{\textquoteright}s Hatch Project 470-362. Funding Information: This research was funded in part by a USDA National Institute of Food and Agriculture Food Security Program grant, award number 2016-68004-24769, and by USDA NIFA's Hatch Project 470-362. Publisher Copyright: {\textcopyright} Wageningen Academic Publishers 2019; 12th European Conference on Precision Agriculture, ECPA 2019 ; Conference date: 08-07-2019 Through 11-07-2019",
year = "2019",
doi = "10.3920/978-90-8686-888-9_101",
language = "English (US)",
series = "Precision Agriculture 2019 - Papers Presented at the 12th European Conference on Precision Agriculture, ECPA 2019",
publisher = "Wageningen Academic Publishers",
pages = "817--823",
editor = "Stafford, {John V.}",
booktitle = "Precision Agriculture 2019 - Papers Presented at the 12th European Conference on Precision Agriculture, ECPA 2019",
}