Looks like precision agriculture has a bright future according to a new report by Markets and Markets that says that the market will be worth $3,721.27 Million by 2018. The title of the report is, “Precision Farming Market by Technology (GPS/GNSS, GIS, Remote Sensing & VRT), Components (Automation & Control, Sensors, FMS), Applications (Yield Monitoring, VRA, Mapping, Soil Monitoring, Scouting) – Global Forecast & Analysis (2013 – 2018).” You can request a sample of the report, purchase the full report or even purchase a customized version of the report. Here’s an excerpt from the report description.
The global population is expected to rise up to, nearly, 7.5 billion by the year 2020, and the ability to manage and tackle the ever increasing demand for food would, in all likelihood, continue to plague the world. Global warming continues to be an influential deciding factor in determining agriculture productivity, as well as the soil properties, and sustainability of natural resources. The effect of climate change on agriculture is related to variability in local climates rather than the global climate patterns.
All these concerns marked the way for the entry of the new world of agriculture management practices. Precision farming can significantly reduce the amount of nutrient and other crop inputs used while boosting yields. Farmers, thus, obtain a return on their investment by saving on phytosanitory and fertilizer costs. The second large- scale benefit of targeting inputs in spatial, temporal and qualitative terms reduce concerns of environmental impacts. Read More

Here is the next in our series as we introduce you to a few of dedicated precision ag equipment dealers in a series called “Getting to Know Ag Leader”. 






