Vol. 8, Issue 1, Part A (2024)

Precision agriculture (PA) technologies are increasingly touted as transformative solutions for improving agricultural productivity, sustainability, and profitability. While adoption rates in developed countries continue to rise, the economic case for PA in developing countries remains complex and context-dependent. This paper examines the profitability of precision agriculture in developing regions, focusing on smallholder and resource-constrained settings. Drawing from empirical studies, global policy reports, and case analyses, the article critically assesses the economic viability, challenges, and enabling factors influencing PA adoption. The findings indicate significant potential for yield enhancement and input optimization, but profitability outcomes are heterogeneous, mediated by socio-economic, technical, and institutional variables. Recommendations for policymakers and practitioners are provided to maximize the economic impact of PA in developing agricultural economies.