Kelvin Leibold, Central Area Farm Management , Hardin County
Problems - Producers are trying to analyze the value of Global Positioning equipment and understand how it works, how to use it and how to calculate the payback.
Response - Kapil Arora, Area ISU Extension Engineer, and I, presented seven workshops across central Iowa explaining how GPS works, potential uses, and methods to calculate the payback of the various systems.
Impact - Sixty four producers attended. There average farm size was 1,054 acres - almost twice that of the average farm size, and placed a value of $95,900 on the information provided. They also learned about other internet resources that they could utilize to custom tailor the information to their own operation.
March 16, 2004
POW 104: Agricultural Risk and Financial Management
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