There are several hurdles ahead before growers will garner sufficient value from data intensive farming, according to a new report from Rabobank, the global food and agribusiness bank.
The report entitled Bungle in the Ag Tech Jungle – Cracking the Code on Precision Farming and Digital Agriculture identifies four key waves of agricultural innovation, with the first wave starting in 1700 with the invention of machinery like horse-drawn seed drills.
The second wave launched in the 1950s with the rise of both production agriculture and the use of chemical inputs. It was during this time that farming operations became less diversified, focusing instead on a few monocultures.
Precision agriculture was born during the 1980s and 1990s, along with innovations in plant breeding and other biotechnology-focused tools such as genetic modifications, according to the report.