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Agri Business Review | Friday, July 22, 2022
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Precision agriculture is a new concept used to boost production, minimize work time, and manage fertilizers and irrigation effectively.
FREMONT, CA: The beginning of a new year is usually an exciting time, not just for looking back on the past year but also for anticipating the future. The agriculture business constantly evolves, and new technologies and methods are always on the horizon. Here are some precision agriculture trends that farmers should keep an eye on in 2022:
Continued improvements in machine autonomy: Trimble is constantly pursuing the integration of autonomous machine functionality into operational operations. Early in 2021, we announced cooperation with HORSCH, broadening our focus from autonomous field equipment to completely automated office-to-field systems.
New, agile competitors in the market: Agriculture may be as old as humanity, but that does not mean that innovation is impossible. New businesses and start-ups continue to perceive potential in our market and are willing to provide new operationally enhanced solutions. Companies such as Monarch, which received funding from Trimble Ventures in 2021, are focused on creating intelligent tractors, such as diesel-free, environmentally friendly tractors.
Predictive insights furnish precise decision drivers: Can computers think? Not as intuitive as humans do, but based on predictive data, machines can "think." In agriculture, AI controls pests and diseases, determines the optimal planting locations, and harvests crops a few months later. The agricultural AI business is now valued at approximately 519 million US dollars and is anticipated to reach $2.6 billion by 2025.
Internet of Things technologies will continue to transform agriculture: Having Internet of Things (IoT) connectivity on a fundamental level is a game-changer. It continues to have a substantial effect on the sector. The Agriculture IoT Market for 2020 was projected at USD 11.9 billion, and its CAGR through 2026 is anticipated to be 8.8 percent.
Precision agriculture facilitates the achievement of sustainability goals: Sustainable agriculture is not merely a fad; it is a method that makes practical sense. Sustainability, like many of the projected 2022 trends, is data-driven.
Agricultural Innovations are not exclusive to particular regions: Agriculture operations on a global scale have integrated precision agriculture technologies and experienced the benefits directly.