The real return on precision agriculture is positive on average but modest and highly variable, which is why measuring it on your own fields matters more than any headline figure.
Precision agriculture can be worth it for a small farm, though the return depends far more on which tool you adopt, what you grow, and how you pay for it than on acreage by itself.
Start by picking one field and one goal, collecting data on it, and adding a single technology at a time rather than buying a full system at once, since precision farming means observing, measuring, and responding to variation within a field instead of treating every acre the same.
Precision agriculture is a way of managing farmland that observes, measures, and responds to variation within a single field rather than treating the whole field the same, made possible by satellite positioning and connected data systems.