TF Economic Report

The TF Economic Report serves as a decision support tool for farmers and tells them whether Precision Farming is economically feasible on their farms or not.

In cooperation with the University of Halle, a scientific method was developed to find out for each field as well as for the complete farm, whether the purchase of hardware and software for Precision Farming is economically feasible. For this, economic potential of precision N-fertilization is determined. The calculation is based on the heterogeneity of the canopy as seen from satellite and agronomical data given by the farmer.

Further savings through Precision Farming are likely but not as easy to quantify. The analysis of possible site-specific N-fertilization savings thus is a conservative estimation of the minimum savings potential.

The TF Economic Report

• calculates for a farm whether savings are possible with site-specific N-fertilization
• delivers a field-wise cost-benefit-analysis based on the heterogeneity as seen from satellites and self-compiled  farm management information. The analysis includes:
  - The Break-Even-Point: shows which costs/benefits are necessary for Precision Farming to be economically   feasible
  - Graphic documentation of the canopy heterogeneity in the fields
  - Illustration of the savings as a function of the commodity prices.

In the picture below you can see an example for the analysis. On the left side, the individual fields of the enterprise are depicted. On the right side, the detailed information for the individual fields is listed. 

Example report