Higher input prices can increase economic incentives for precision agriculture. The study evaluated fertilizer application rates using four scenarios on a farm with nine years of GPS yield data. Scenario 1 used the farmer's normal practices. Scenario 2 used 2.5 acre grid soil sampling. Scenario 3 used management zones based on soil type. Scenario 4 used zones based on GPS crop removal. Scenarios 2-4 all reduced fertilizer use and increased net returns, with savings of $36-88 per acre compared to normal practices. Precision agriculture was shown to be economically beneficial.