Essay On Precision Agriculture Market

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Precision Agriculture Market- what to look out for?
Agriculture is essential given that it is the major source of food globally. Proper farming methods ensure that the crops grow healthily. Different farming and agriculture techniques help analyse the rotational patterns to keep the soil nourished and fertile for a longer duration. In spite of major challenges such as increasing labour costs, degrading environment, low selling price and much more, farmers are willing to try new methods.
One such recent development in the field of agriculture is making use of Precision methods. Precision agriculture is a modern farming practice that enables farmers to work better with the soil saving the additional effort. Rotating crops have been proven to …show more content…

Thus, precision agriculture practice involves adding proper fertilizers, better quality seeds, and adequate irrigation channels for optimum growth. These techniques have not only helped farmers grow a humongous amount of crops at a lower price but also manage it well when it comes to dealing with vendors.
Technical advancements have polished the market and set it up for a flourishing Precision Agriculture Market. As per latest trend studies, it is estimated to grow from 3.20 billion dollars in 2015 to 7.87 billion dollars by the end of 2022. With an annual compound growth rate of 13.47%, the forecasted numbers have been overwhelming. Given that the farming features intense technical features such as GPS, GIS satellite is definitely a great market right now.
The major drivers of the market comprise the need for optimizing production levels. An older data would have concentrated on the uncertainty of the agricultural market. But it is longer the case. Implementation of advanced technologies and specific devices has been successful in ruling out uncertainty from the trade. Real time monitoring of growth, forecasting of weather, field specification, helps farmers look into the details of the processes which can play a crucial role in minimizing waste and human

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