About 37% of farmers use a data software package on their farms, according to the 2021 Farm Journal Technology Survey. Of those who are collecting agronomic data, they’re most often collecting yield maps, planting and chemical and fertilizer applications.
Additionally, 67% of farmers say when they invest in technology they expect to see a return on investment in three years, and 43% say their data is benefiting them both agronomically and economically.
While roughly 1% of farmers nationally have signed a carbon contract, according to a recent Purdue University Ag Economy Barometer survey, about 44% of respondents to the Farm Journal Technology survey said that emerging markets such as carbon credits are an incentive to collect more and better data.
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Irrigation Systems and Food Production Irrigated agriculture is critical, supplying 40% of the world’s food despite having only 28% of cropland. Irrigation also stabilizes food production by separating crop yields from the risk of variable rainfall (Troy et al., 2015). However, history reveals that most irrigation systems eventually fail. In Pillar of Sand, Sandra Postel discusses… Read More »Columbia Basin Project
Agriculture Commodity Price Forecast: Late 2024 into 2025 As the end of 2024 approaches, US farmers are focused on planning for 2025, anticipating how commodity prices for major agricultural goods like corn, soybeans, and wheat will fluctuate. Numerous factors, including global demand, input costs, and government policies, will impact the agricultural market. This guide explores the latest price forecasts for agricultural commodities… Read More »Commodity Market Outlook
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