Affiliation:
1. Department of Agricultural Systems, Faculty of Agriculture, Rajarata University of Sri Lanka, Sri Lanka
2. Department of Agricultural Biology, Faculty of Agriculture, Eastern University of Sri Lanka, Sri Lanka
Abstract
The integration of smart pest management practices is a significant shift in agricultural concepts, leveraging technology and data-driven approaches to address pest challenges efficiently. Traditional methods often impose financial burdens due to recurring costs, chemical use, and inconsistent outcomes. Smart pest management uses technologies like AI, IoT, and precision agriculture to optimize resource allocation, reduce chemical dependency, and enhance pest targeting precision. This chapter analyzes the economic viability of these practices, focusing on cost comparisons, returns on investment, and broader financial implications. Case studies demonstrate the benefits of adopting smart pest management in various agricultural settings. The chapter emphasizes the importance of policy support in fostering an environment conducive to the economic success of smart pest management. It advocates for a proactive approach, urging stakeholders to recognize the economic benefits and long-term sustainability of these innovative practices.