Precision Agriculture Statistics


Steve Goldstein
Steve Goldstein
Business Formation Expert
Steve Goldstein runs LLCBuddy, helping entrepreneurs set up their LLCs easily. He offers clear guides, articles, and FAQs to simplify the process. His team keeps everything accurate and current, focusing on state rules, registered agents, and compliance. Steve’s passion for helping businesses grow makes LLCBuddy a go-to resource for starting and managing an LLC.

All Posts by Steve Goldstein →
Business Formation Expert  |   Fact Checked by Editorial Staff
Last updated: 
LLCBuddy™ offers informative content for educational purposes only, not as a substitute for professional legal or tax advice. We may earn commissions if you use the services we recommend on this site.
At LLCBuddy, we don't just offer information; we provide a curated experience backed by extensive research and expertise. Led by Steve Goldstein, a seasoned expert in the LLC formation sector, our platform is built on years of hands-on experience and a deep understanding of the nuances involved in establishing and running an LLC. We've navigated the intricacies of the industry, sifted through the complexities, and packaged our knowledge into a comprehensive, user-friendly guide. Our commitment is to empower you with reliable, up-to-date, and actionable insights, ensuring you make informed decisions. With LLCBuddy, you're not just getting a tutorial; you're gaining a trustworthy partner for your entrepreneurial journey.

Precision Agriculture Statistics 2023: Facts about Precision Agriculture outlines the context of what’s happening in the tech world.

LLCBuddy editorial team did hours of research, collected all important statistics on Precision Agriculture, and shared those on this page. Our editorial team proofread these to make the data as accurate as possible. We believe you don’t need to check any other resources on the web for the same. You should get everything here only 🙂

Are you planning to form an LLC? Maybe for educational purposes, business research, or personal curiosity, whatever the reason is – it’s always a good idea to gather more information about tech topics like this.

How much of an impact will Precision Agriculture Statistics have on your day-to-day? or the day-to-day of your LLC Business? How much does it matter directly or indirectly? You should get answers to all your questions here.

Please read the page carefully and don’t miss any words.

Top Precision Agriculture Statistics 2023

☰ Use “CTRL+F” to quickly find statistics. There are total 26 Precision Agriculture Statistics on this page 🙂

Precision Agriculture “Latest” Statistics

  • 47% of farms that collect data use one or more data software products or services for data management; At least one data software product or service is utilized by 63% of farmers who have 5000 acres or more.[1]
  • Over 70% of farms share their data with at least one service provider in terms of data sharing.[1]
  • Purdue’s Center for Commercial Agriculture conducted a survey of 800 commercial farmers in 2019 on issues related to the adoption of precision agriculture technology as well as the analysis and utilization of data.[1]
  • The survey found that 94% of producers have used computer high-speed internet access and 98% have used soil sampling as common technology.[2]
  • With over 80% adoption rates, yield monitors, maps, and GPS guidance systems were the next most common practices in the agriculture sector.[2]
  • 70% of agricultural survey respondents said that the use of precision agriculture equipment had increased profits.[2]
  • 42% of those respondents said the profits came from increased efficiency and lower input costs, and 58% said the profits came from increased production.[2]
  • In a particular survey, nearly 95% of respondents stated that the investment in precision agriculture was worthwhile.[2]
  • The recommended method for soil sampling in Missouri is to collect samples from areas of fewer than 20 acres’ worth of fields.[3]
  • China currently produces approximately 70% of all mushrooms worldwide. In Europe, Poland produces the most mushrooms, with almost 300,000 tons, followed by the Netherlands.[4]
  • According to the study, farmers who consistently utilized various precision agriculture technologies were able to accomplish the following: crop production increased by 4%, fertilizer placement efficiency increased by 7%, herbicide, and pesticide use decreased by 9%, fossil fuel use decreased by 6%, and water use decreased by 4%.[5]
  • In 2020, the precision agriculture market was worth $6,457 million, and by 2030, it is expected to reach $23,056 million, growing at a CAGR of 13.4%.[6]
  • In 2020, the precision agriculture market share is expected to generate $6,457,00 million in revenue following COVID-19.[6]
  • The revenue from precision agriculture has increased, and it is anticipated to reach $23,056.00 million in 2030.[6]
  • The market for precision agriculture is expected to return to normal in the middle of 2021 and grow at a rate of 13.4% from 2021 to 2030 due to the rise in the global adoption of modern agricultural methods, which is expected to drive market growth during the pandemic.[6]
  • Only 25% of farms in the United States make use of precision-ag technology, according to a new USDA report.[7]
  • The USDA asked farmers about the use of precision-ag practices for the first time in its Farm Computer Usage and Ownership Report, which was published last month.[7]
  • Only 25% of farmers in the United States are using precision-ag technologies to manage crops or livestock.[7]
  • The most recent Farm Tech Investment Report from AgFunder indicates that investment in farm technology will soar to $7.9 billion in 2020, representing a 41% increase over the previous year.[7]
  • Agriculture in California, which produces 400 commodities, is quickly emerging as a center for AgTech innovation and environmentally responsible farming.[7]
  • The precision farming market was worth more than $4 billion in 2018 and is expected to expand at a CAGR of about 15% between 2019 and 2025.[8]
  • Due to the widespread use of GPS and GNSS systems, high-precision positioning systems held a dominant share of over 27% of the precision farming market in 2018.[8]
  • As of 2023, the Precision Agriculture Systems & Services industry employs 7,312 people in the United States.[9]
  • Over the five years from 2018 to 2023, the average number of people employed in the Precision Agriculture Systems & Services industry in the United States increased by 12.9%.[9]
  • In the United States, the average Precision Agriculture Systems & Services company has 27.6 employees.[9]
  • In 2023, the United States will have a total of 7,312 Precision Agriculture Systems & Services employees.[9]

Also Read

How Useful is Precision Agriculture

One key aspect of precision agriculture is its potential to optimize farming practices by using sophisticated technologies such as GPS, sensors, and data analytics. By collecting and analyzing data on various factors like soil quality, weather conditions, and crop health, farmers can make more informed decisions on irrigation, fertilizer application, and pest control. This level of precision allows for more targeted interventions, increasing the efficiency of resource utilization and ultimately improving productivity.

Another advantage of precision agriculture is its ability to reduce costs for farmers. By using technology to identify areas of improvement and to target inputs only where they are needed, farmers can avoid unnecessary costs associated with overapplication of expensive inputs like fertilizers and pesticides. This not only leads to financial savings but also helps in minimizing waste and promoting environmentally sustainable practices.

Moreover, precision agriculture can contribute to better environmental management. By applying inputs in a more precise and targeted manner, farmers can minimize the potential for runoff and leaching of chemicals into water bodies, thereby reducing the risk of pollution. Additionally, precision agriculture enables farmers to practice conservation tillage, which helps in reducing soil erosion and preserving soil health for future generations.

Despite these potential benefits, some critics raise concerns about the practicality and effectiveness of precision agriculture. They argue that the high costs associated with implementing the necessary technologies may make it unaffordable or inaccessible for small-scale farmers. Additionally, there are concerns about the reliability and accuracy of the data collected through these technologies, and the level of expertise required to interpret and act upon it effectively.

Furthermore, there are questions about the scalability of precision agriculture. While the technology may work well on a smaller scale or in controlled environments, its effectiveness on large, diversified farms with varying soil and climatic conditions remains to be seen. It is also important to consider the potential social implications of precision agriculture, such as its impact on rural communities and traditional farming practices.

In conclusion, precision agriculture holds great promise in revolutionizing the way we approach agriculture. Its ability to optimize farming practices, reduce costs, and promote environmental sustainability are undeniable advantages that can benefit farmers and society as a whole. However, it is essential to address the challenges and limitations associated with precision agriculture in order to realize its full potential and ensure that it remains a practical and accessible tool for all farmers.

Reference

  1. purdue – https://ag.purdue.edu/commercialag/home/resource/2021/02/the-value-of-data-information-and-the-payoff-of-precision-farming/
  2. unl – https://agecon.unl.edu/cornhusker-economics/2015/precision-agriculture-usage-and-big-agriculture-data
  3. missouri – https://extension.missouri.edu/publications/wq450
  4. plos – https://journals.plos.org/plosone/article?id=10.1371/journal.pone.0181921
  5. aem – https://www.aem.org/news/the-environmental-benefits-of-precision-agriculture-quantified
  6. alliedmarketresearch – https://www.alliedmarketresearch.com/precision-agriculture-market
  7. entrepreneur – https://www.entrepreneur.com/science-technology/farmers-need-an-roi-for-precision-ag-adoption-to-grow/385901
  8. gminsights – https://www.gminsights.com/industry-analysis/precision-farming-market
  9. ibisworld – https://www.ibisworld.com/industry-statistics/employment/precision-agriculture-systems-services-united-states/

Leave a Comment