Precision farming ROI calculator
Estimate the financial impact of precision agriculture for your farm
Unlock the hidden value in your fields
Precision agriculture is a data-driven, technology-enabled farm management method. It helps farmers monitor and respond to the needs of specific crops and fields to reduce costs and improve yield.
What results can precision farming bring?
Every farm is unique, so results will vary widely. However, recent studies* indicate that precision farmers with row crops such as corn, soybeans, and wheat can generally expect an 8–20% reduction in input costs and a 2–6% yield increase compared with farmers who are not using precision farming methods. Farmers often see the highest ROI when soil variability is high and fertilizer costs are significant.
Choose a crop to load representative default values, then adjust any field to reflect your operation. Select Calculate ROI to see the potential financial impact.
NOTE: Calculations are based on industry averages and are provided for illustrative purposes. Results are not guaranteed for every farm.
Estimated impact
Your results
- Year 1 net
- $0
- Ongoing annual net
- $0
- Hardware payback period
- —
*Sources
MDPI: Economic Aspects of Precision Crop Production: A Systematic Literature Review
Frontiers in Agriculture: Precision agriculture for improving crop yield predictions: a literature review
Country Guide: Analyzing the ROI on precision investment
USDA Economic Research Service: Cost Savings From Precision Agriculture Technologies on U.S. Corn Farms
Smart Agricultural Technology Review: Economic and environmental benefits of digital agricultural technologies in crop production
U of Northern Iowa: Information Inputs And Technical Efficiency In Midwest Corn Production