Economic Viability of Adoption of Automated Oestrus Detection Technologies on Dairy Farms: A Review
The decision for dairy farmers to invest in automated oestrus detection (AOD) technologies involves the weighing up of the costs and benefits of implementation. In this paper, through a review of the existing literature, we examine the impacts of investment in AOD technologies in relation to the pro...
| Main Authors: | , , , |
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| Format: | Article |
| Language: | English |
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MDPI AG
2020-07-01
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| Series: | Animals |
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| Online Access: | https://www.mdpi.com/2076-2615/10/7/1241 |
| _version_ | 1797561759620399104 |
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| author | Adewale Henry Adenuga Claire Jack Kehinde Oluseyi Olagunju Austen Ashfield |
| author_facet | Adewale Henry Adenuga Claire Jack Kehinde Oluseyi Olagunju Austen Ashfield |
| author_sort | Adewale Henry Adenuga |
| collection | DOAJ |
| description | The decision for dairy farmers to invest in automated oestrus detection (AOD) technologies involves the weighing up of the costs and benefits of implementation. In this paper, through a review of the existing literature, we examine the impacts of investment in AOD technologies in relation to the profitability and technical performance of dairy farms. Peer-reviewed articles published between 1970 and 2019 on the investment viability of AOD technologies were collated and analysed. We capture the different measures used in assessing the economic performance of investment in AOD technologies over time which include net present value (NPV), milk production, Benefit-Cost Ratio (BCR), internal rate of return (IRR) and payback period (PBP). The study concludes that investment in AOD technologies is not only worthwhile but also contributes to farm profitability. |
| first_indexed | 2024-03-10T18:19:07Z |
| format | Article |
| id | doaj.art-aa85148c07564ef481432e2a7aa39877 |
| institution | Directory Open Access Journal |
| issn | 2076-2615 |
| language | English |
| last_indexed | 2024-03-10T18:19:07Z |
| publishDate | 2020-07-01 |
| publisher | MDPI AG |
| record_format | Article |
| series | Animals |
| spelling | doaj.art-aa85148c07564ef481432e2a7aa398772023-11-20T07:28:08ZengMDPI AGAnimals2076-26152020-07-01107124110.3390/ani10071241Economic Viability of Adoption of Automated Oestrus Detection Technologies on Dairy Farms: A ReviewAdewale Henry Adenuga0Claire Jack1Kehinde Oluseyi Olagunju2Austen Ashfield3Economics Research Branch, Agri-Food and Biosciences Institute (AFBI), 18a Newforge Lane, Belfast BT9 5PX, UKEconomics Research Branch, Agri-Food and Biosciences Institute (AFBI), 18a Newforge Lane, Belfast BT9 5PX, UKEconomics Research Branch, Agri-Food and Biosciences Institute (AFBI), 18a Newforge Lane, Belfast BT9 5PX, UKEconomics Research Branch, Agri-Food and Biosciences Institute (AFBI), 18a Newforge Lane, Belfast BT9 5PX, UKThe decision for dairy farmers to invest in automated oestrus detection (AOD) technologies involves the weighing up of the costs and benefits of implementation. In this paper, through a review of the existing literature, we examine the impacts of investment in AOD technologies in relation to the profitability and technical performance of dairy farms. Peer-reviewed articles published between 1970 and 2019 on the investment viability of AOD technologies were collated and analysed. We capture the different measures used in assessing the economic performance of investment in AOD technologies over time which include net present value (NPV), milk production, Benefit-Cost Ratio (BCR), internal rate of return (IRR) and payback period (PBP). The study concludes that investment in AOD technologies is not only worthwhile but also contributes to farm profitability.https://www.mdpi.com/2076-2615/10/7/1241automated oestrus detectioninvestmentdairypedometeraccelerometerprecision agriculture |
| spellingShingle | Adewale Henry Adenuga Claire Jack Kehinde Oluseyi Olagunju Austen Ashfield Economic Viability of Adoption of Automated Oestrus Detection Technologies on Dairy Farms: A Review Animals automated oestrus detection investment dairy pedometer accelerometer precision agriculture |
| title | Economic Viability of Adoption of Automated Oestrus Detection Technologies on Dairy Farms: A Review |
| title_full | Economic Viability of Adoption of Automated Oestrus Detection Technologies on Dairy Farms: A Review |
| title_fullStr | Economic Viability of Adoption of Automated Oestrus Detection Technologies on Dairy Farms: A Review |
| title_full_unstemmed | Economic Viability of Adoption of Automated Oestrus Detection Technologies on Dairy Farms: A Review |
| title_short | Economic Viability of Adoption of Automated Oestrus Detection Technologies on Dairy Farms: A Review |
| title_sort | economic viability of adoption of automated oestrus detection technologies on dairy farms a review |
| topic | automated oestrus detection investment dairy pedometer accelerometer precision agriculture |
| url | https://www.mdpi.com/2076-2615/10/7/1241 |
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