Precision Agriculture Statistics


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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 🙂

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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 of the key benefits of precision agriculture is its ability to tailor farming practices to specific areas within a field. By using sensors and GPS technology, farmers can map their fields and identify areas with differing soil characteristics. This allows for targeted application of fertilizers, pesticides, and water, reducing waste and increasing efficiency. By only applying inputs where they are needed, farmers can minimize their environmental impact while still maintaining high yields.

Another advantage of precision agriculture is its potential to improve crop health and yield. By utilizing drones, satellites, and sensors, farmers can monitor their crops in real-time and identify any issues that may arise, such as pest infestations or disease outbreaks. This enables farmers to take proactive measures to address these problems before they have a significant impact on their crops. Additionally, by tracking crop health throughout the growing season, farmers can adjust their management practices as needed to ensure optimal crop growth and yield.

In addition to optimizing resource usage and improving crop health, precision agriculture can also contribute to financial savings for farmers. By reducing input costs and maximizing yield potential, farmers can increase their profitability and ensure the long-term sustainability of their operations. By using data-driven insights, farmers can make strategic decisions that will benefit their bottom line while also promoting environmentally friendly practices.

Despite the many benefits of precision agriculture, there are still some challenges that farmers may face when implementing this technology. The initial investment in precision agriculture tools and equipment can be costly, which may deter some farmers from adopting this approach. Additionally, there may be a learning curve for farmers who are accustomed to traditional farming methods, as the transition to precision agriculture requires a shift in mindset and practices.

Overall, the usefulness of precision agriculture cannot be understated. It has the potential to transform the agriculture industry by improving efficiency, sustainability, and productivity. By leveraging data and technology, farmers can make more informed decisions that will benefit their bottom line and the environment. While there may be challenges to implementing precision agriculture, the rewards far outweigh the costs. As we continue to embrace technological advancements in agriculture, precision agriculture will undoubtedly play a crucial role in shaping the future of farming.

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/

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