Worldwide adoption of precision farming technologies will be needed to meet a needed 70% increase in food production by 2050, according to research from Goldman Sachs.
In the face of this challenge are growing opportunities for manufacturers and dealerships. With a need for greater yields identified, researchers estimate a $240 billion addressable market in these technologies, meaning there is nearly a quarter trillion dollars’ worth of revenue opportunities.
The Goldman Sachs report on precision farming…
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In this episode of On the Record, brought to you by Associated Equipment Distributors, we look at AGCO’s plans for its precision business and its 2029 targets. In the Technology Corner, Noah Newman talks with Eis Implement’s precision team. Also in this episode, the interest savings dealers could see with the latest rate cut by the Fed and a look at the used 100+ horsepower tractor market.
