Farm Profitability and Tech Adoption
Profitability is a frequent topic of conversation and a frequent challenge for farmers and growers, influenced by numerousfactors. Some of these factors, climate / weather, trade policy, and government subsidies are outside the immediate control of farmers & growers, but there are a growing number of technological means that claim to bring more certainty and profitability to the farm gate. On this week’s deep dive, we will discuss how different technologies are impacting farmer profitability, for better or for worse.
Additional Resources
- Case Study: How Our Management Process Works (Frontier Farmland)
- USDA Agricultural Trade Outlook- FY19 Export Forecast Lowered Again (University of Illinois)
- Farm Profits and Adoption of Precision Agriculture (USDA)
- State of the Industry: Adoption of Precision Ag Grows as Farm Sizes Grow (Trimble)
- 2017 Food Dollar Data (U.S. Department of Agriculture Economic Research Service)
- Why Do Visions of Farming’s Future Never Involve Farmers? (Slate)
- Precision Farming: Cheating Malthus with Digital Agriculture (Goldman Sachs)
- Digital Technologies in Agriculture: adoption, value added and overview (Ivanov Igor, Medium)
- Modern agricultural technology adoption and its importance (Farm Management)
- Challenges, opportunities for ag tech adoption (Farm Progress)
- The Adoption of New Technology in Farming and Precision Agriculture (Challenge Advisory)
- Six Factors Affecting Profit (University of Nebraska)
- Diagnosing a Farm Profitability Problem (University of Arkansas)
- Highlights From the November 2019 Farm Income Forecast (USDA)
- Weekly Farm Economics: Fertilizer Prices Higher for 2019 Crop (University of Illinois)
- Estimating costs of crop production vital for 2019 farm businesses (Iowa State University)
- The billion-dollar agritech start-ups disrupting farming (Financial Times)
- Eight Agtech Startups Venturing Into Fintech (AgFunder News)
- Best Practices for Improving Profitability (Family Farms Group)
- Characteristics of Higher Profit Farms (University of Illinois)
- U.S. Farm Income Outlook for 2018 (Congressional Research Service)
- What Are U.S. Farm Subsidies? (Thought Co.)
- Mapping The U.S. Farm Subsidy $1M Club (Forbes)