Production Economics Analysis Group, PEAG, was established in 2000 by the Department of Agricultural Economics and Agricultural Experiment Station. The purpose of PEAG is to provide producers and agribusinesses with the most up-to-date economic analysis of the rapidly changing agricultural sector. PEAG: Makes economic comparisons of the new crop varieties Conducts precision farming research Evaluates the impacts of new production practices and crop management techniques Analyzes risk associated with crop production