Industry Analysis & Industry Trends
Revenue for the Precision Agriculture Systems and Services industry (precision ag) is expected to grow. Due to increasing demand from crop farmers who have pushed to maximize crop output to meet growing global demand, industry growth has been strong over the five-year period. During the five years to 2020, steady growth is set to continue for the industry. Revenue is expected to grow in the five years 2020. The 2014 Farm Bill expanded support for small and beginning farmers with training and access to investment capital, which is expected to increase the available funds farmers have for precision agriculture equipment.... purchase to read more
Industry Report - Industry Analysis Chapter
The world relies on several US crops to meet its food needs. Therefore, US crop farmers face pressure to increase yields through efficient production on a daily basis. The Precision Agriculture Systems and Services industry helps assist in this effort through the use of 21st century technologies that maximize production at the farm level. Remote-sensing technologies, scientific analysis, automated piloting and other systems that tie various data together have enabled tech-savvy farmers to reduce production costs, increase yields and generate higher profit.
The adoption of precision agriculture has been relatively slow compared with other emerging industries in the professional, scientific and technical services sector... purchase to read more