When should a farmer consider adopting a new agricultural technology?

A farmer should consider adopting a new agricultural technology when it promises a substantial increase in productivity, such as a 60-70% increase. This level of improvement can significantly impact the farm's overall efficiency and profitability, making the investment worthwhile in terms of return on investment. Such a dramatic boost in production typically justifies not only the cost of the new technology but also the effort involved in implementation and the potential risks associated with change.

While a promised increase of 30-40% may also seem attractive, it does not provide the same compelling justification as a 60-70% increase. The most effective technologies often require careful consideration regarding their benefits relative to the investment required. The latest trends in farming may not always be beneficial or suitable for every operation, and the cost alone does not determine the practicality of adopting new technologies. Therefore, focusing on substantial productivity gains is a key factor in deciding whether to adopt new agricultural practices.