Abstract
The aim of this research is to investigate plant production sustainability, the economical requirements, risks, and identify threshold levels to switching on, or off precision weed management techniques in Hungarian growing and sales conditions; taking into consideration that the implementation of precision technology can be justified also by its role in the reduction of environmental load, which would create a harmony between individual usefulness and social utility. A simulation model has been developed to investigate the return of extra investments, along with the risk of this return in relation to the soil type, weed coverage, and the sales price.
Highlights
The objective of this current paper is to examine the economic relations and the consequences of precision weed control, as well as the risks of precision crop production
In order to prove it at the production level, the returns of extra investment required for the technology switch should be ensured in order to minimize the risk of switching
With an appropriate size and farming intensity, precision crop production is a real, environmentally conscious farming strategy, which with the help of the improved income can be realized, and it can ensure the economic conditions of simple re-production
Summary
The objective of this current paper is to examine the economic relations and the consequences of precision weed control, as well as the risks of precision crop production.1.1. Sustainability with regard to agricultural activity can be defined with the help of several definitions. Sustainability 2011, 3 each other in such a way that natural resources set the limits for increasing production, and, these should be used rationally during production. The new paradigm of agricultural research and development has been built on the interaction of three factors: ecological sustainability, economic efficiency paired with equal opportunities, and mutual assistance of governmental and non-governmental sectors in order to improve the performance and profitability of farming systems [2,3,4,5,6]. The increase of world population, the carrying capacity of land and limited natural resources places agricultural production into a complex perspective, which necessitates the economic analysis of the role of intensive plant production technologies
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