As yield growth for several major crops such as rice, wheat and corn show signs of plateauing, it’s time for farmers to adopt new tools and ways of working. In this piece, Berg Insight partners with Kore to explain how, as the cost of agricultural labour increases, investments in IoT technology can offer significant savings fairly quickly. This piece dives into several areas including:
- The current state of the agricultural markets – Crop yield for major grains such as wheat, rice, soybean and corn has almost tripled in the last 60 years but it’s showing signs of slowing.
- Where precision agriculture solutions come in – Yield monitoring, precision seeding, spraying and fertilisation are all contributing to better yields at a lower cost. This is driven by IoT sensors.
- How remote monitoring works – Today’s modern in-field IoT sensor systems can measure weather, soil and crop conditions regularly. By looking after the growth stages, disease risks and nutrient levels of crops, farmers can plan better interventions.
- How it’s branching into livestock – With bigger herds per farmer, observation time per cow is now very limited. Turning to IoT sensors like a smart ear tag, connected halter, neck collar with counterweight, reticulorumen bolus, rear leg pedometer, upper tail ring, tail head inject and more; farmers can optimise feed consumption and milking performance.
- Where the investment is – Providers of the IoT tools like those above have received € 662 million in funding in 2023 alone. As more farmers adopt these tools, systems for preventing fragmentation and collecting all these streams of data will become a priority.
Farmers looking to maximise yield and cost efficiency are expected to invest even more in precision technologies in 2024 and beyond. If you’ve not mapped the benefits for your agricultural holdings, this paper offers a range of insights on where the ROI will lie in future
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