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 Locations Chapter
In general, the largest firms in this industry are concentrated in the areas where agriculture is most prevalent. Precision agriculture systems developers rely heavily on the relationship with their most important customers, farmers. Also, in order to properly assess their product strengths, developers must be located in areas of practical use. As such, the distribution of the Precision Agriculture Systems and Services industry is skewed most heavily to the Southwest and Southwest regions, with significant presence in Texas, Oklahoma and Florida. Together, the two regions are expected to account for roughly 50.0% of all industry establishments.
The next largest region is the West region, which represents almost 20.0% of industry establishments... purchase to read more