This article introduces the Cotton Precision Agriculture Investment Decision Aid (CPAIDA), a software decision tool for analyzing the precision agriculture investment decision. CPAIDA was developed to provide improved educational information about precision farming equipment ownership costs, and the required returns to pay for their investment. The partial budgeting and breakeven analysis framework is documented along with use of the decision aid. With care in specifying values, program users can evaluate a variety of “what if” investment scenarios for their own farm situation.