Through the GPS, it is easy to determine and document the yields from a given farm, as well as record the application rates. There has been a limitation on how to speed the process of modern technological adoption in agriculture. In reality, it is the secret to the human race’s so-called evolution. in Agriculture News March 19, 2019. It is important to look at the pros and cons of agribusiness before making an investment or getting directly involved in this industry so that an empowered decision can be made. GPS is becoming a common technology in agriculture. Today’s agriculture routinely uses sophisticated technologies such as robots, temperature and moisture sensors, aerial images, and GPS technology. These advanced devices and precision agriculture and robotic … Every choice is always a trade-off and every chance comes at a cost. Before any income can be made, it usually needs a high amount of funding. Animals can bear illnesses that can be transmitted to employees. Agribusiness is a distinctive culture in today’s world. Required fields are marked *. Advantages of modern agriculture During the latter half of the twentieth century, what is known today as modern agriculture was very successful in meeting a growing demand for food by the world's population. Modern transportation: This helps in making products available on markets in time from the farm. This makes it difficult for investors to obtain a quick exit and to find steady jobs for employees.eval(ez_write_tag([[580,400],'honestproscons_com-large-leaderboard-2','ezslot_5',107,'0','0'])); There’s a risk you could get kicked while you are milking a cow. Agribusiness, plain and simple, offers income. Over the past years, this sector has seen  a lot of changes and advancement in the different farming approaches and techniques. Changing weather patterns or even dietary fads may make this industry look appealing, whether it comes from meat, grains, or vegetables. Some of the aspects that you should look at include how to apply and organize fertilizer, irrigation, theatre, intensive tillage, monoculture, and the application of other resources. Biotechnology is also referred to as genetic engineering and the process of improving the genes of a given crop. In agribusiness, you work in the fields, pastures, and facilities with your hands out and know that after a long day of work, you have made a positive impact. Agriculture remains to be a great player in the generation of revenue and a source of food for many people all over the world. But unfortunately such technological tools are inadequate to bring out the best in agricultural industries. GPS technology has been used in the development of autopilot sprayers and tractors that do not require any driver. The framework of the company must first be established for agribusiness to begin. With modern transportation, consumers in Dubai will consume a fresh carrots from Africa with in the same day that carrot lives the garden in Africa. Agribusiness demands performance. This can be attributed to the fact that speeding up this concept involves a lot of knowledge and the understanding of some of the elements that influence the decision of farmers to adopt modern technology in farming. Over the years, technology has proved to be extremely useful in the agricultural sector. Read this article to get a glimpse of what the importance of the adoption of modern technology in agriculture. There is an increasing cost of labor, which calls for better approaches to ensure less cost on labor. This aspect accounts for the slow rate at which such technologies are adopted. Over the growing season, agribusiness faces various risks. One of the challenges that farmers face nowadays is the need to satisfy labor. Such technology gives you the opportunity to sense how your plants are feeling and subsequently help you reduce the probability of leaching or surface runoff. However, in order to achieve these goals, farmers need to understand the concept of modern farming and the use of technology. Regardless of the challenges, what matters is whether modern technology has any value in the agricultural sector. Any agricultural profits may have certain tax benefits for employees and investors. Technology in agriculture can be used in different aspects of agriculture such as the application of herbicide, pesticide, fertilizer, and improved seed. In most cases, genetic engineering is carried out to increase the resistance of certain crops to farm inputs such the application of herbicides. For example, nowadays, there is the use of inorganic fertilizer, the consumption of reduced amounts of pesticides, the use of different tractors and machinery. Small scale farmers face both internal and external challenges as far as the adoption of modern agricultural technologies is concerned. Variable rate technology becomes useful in such cases. However, the agriculture industry continues to be called upon to produce more with finite resources. Modern agricultural technology adoption and its importance, The Role of Smart Farming in Developing Sustainable…, How to Speed Up Planting on No-Till Farms, What’s the key role of farmers in providing food…, Top 10 Things We Are Noticing About Precision Agriculture, The impact of precision technology on the future of…, Technology Essentials for Precision Farming, Precision Farming – Use Farming Tech to Improve Agronomy, Trimble Launches Farmer Core to Connect the Entire Farm Operation, The Role of Smart Farming in Developing Sustainable Agriculture, Vegetation Control: Profitable Investment. Of course, it should not be for tax purposes alone to get interested in this industry, but there is the ability in this industry to produce more wealth per capita than in others. For some jobs nowadays, it can be hard to feel like anything has been achieved. in Agriculture News Such technologies are useful in that the farmers can rely on the collected and recorded data for reference when making any decisions. Through biotechnology, farmers can plant on areas that were otherwise considered dry or deserts. Agribusiness will often entail a high degree of personal risk for those who are directly accountable for the care and maintenance of individual businesses. 16 Advantages and Disadvantages of Cryptocurrency, 15 Advantages and Disadvantages of Wind Energy. The land size, cost and benefits of technology, are some of the economic factors that determine the rate of agricultural technology adoption.