Justification: The profitability of new technology ultimately determines the success at the farm level and can be measured in part by examining the adoption trends. From the farm and agribusiness side, the economic questions have always been at least as important as the technical issues especially after commercialization of the product.
- Organize two oral paper sessions at each ICPA, one for profitability and economics and the other on adoption trends and other social science issues.
- Hold bi-yearly virtual meetings via Skype or similar to encourage worldwide collaboration on adoption trends of precision technology.
- Hold breakfast meeting at ICPA in even number years to elect Community Leaders and discuss topics for collaboration to present at the next ICPA.
- Community members will reach out to their colleagues to encourage abstract submission for consideration for presentations.
- Maintain web page on ISPA website including list of current projects and team members
- Contribute an entry for ISPA newsletter twice a year
Bullet points regarding the Economics Community meeting at ICPA in Montreal, June 2018: Terry Griffin, Founding Leader, from Kansas State University and Jordan Shockley, Founding Vice Leader, from the University of Kentucky initiated the first economics community meeting 26 people were in attendance plus 2 that called into the meeting. Those in the meeting represented a wide range of backgrounds, locations, and experience in PA (not just economists) Many topics were discussed but two areas the committee decided to move forward with were: (1) economics of autonomous machinery and (2) pulling together adoption data and research from the global perspective. Jordan Shockley (University of Kentucky) agreed to be the new Leader of the Economcis Community while Jiali Shang (Agriculture and Agri-Food Canada) agreed to be the new Vice Leader