Press release
Precision Farming Market 2020 Growth Projection by Leading Players: AGCO Corporation, CropMetrics LLC, Delaval Corporation, Farmers Edge Inc., Monsanto Company, Precision Planting Inc., Raven Industries
Precision Farming Market
While observing the transforming landscape of the farming sector, it is quite impossible to not mention that the launch of innovative precision tools by these next-gen start-ups has propelled the growth trajectory of the overall precision farming industry. While the competitive spectrum of the precision farming market consists of numerous top-notch companies, a sizeable portion of the growth of this business space can be attributed to the emergence of start-ups.
Top Companies Get Sample For Technological Breakthroughs @ https://www.decresearch.com/request-sample/detail/227
Top Companies
1. AG Leader Technology
2. AGCO
3. AgJunction
4. Agribotix LLC (AgEagle Aerial SystemsInc.)
5. AGSENSE (Valmont Industries)
6. Agsmart Pty Ltd
7. BouMatic
8. CROPMETRICS
9. CropX Inc.
10. Deere & Company
One of the chief federal agencies of US Department of Agriculture, the National Institute of Food and Agriculture (NIFA), has unveiled a precision, geospatial, and sensor technology program to deliver decision tools that would enhance management capabilities of enterprises partaking in precision farming industry. The program would reportedly address problems such as narrow profit margins and rising global competition in the farming sector. Furthermore, the initiative intends to judiciously monitor, measure, and micromanage the existing resources to accentuate efficiency and increase farm incomes of the producers, processors, and the overall farming community. Therefore, it is quite undeniable that the remedial measures undertaken by the government would revive the fortunes of the US precision farming market in the forthcoming years.
Apart from government initiatives, numerous major US based precision farming industry players have been releasing cutting edge products to retain their preeminence in this highly combative business space. For instance, Illinois headquartered Precision Planting recently launched a total of 3 new products in the precision farming market. The firm has released a 20|20 monitor which offers an advanced agronomic picture which enables farmers to optimize planting and harvest decisions with a smart interface. The second product is named as SeederForce, which is a progression automated downforce control system utilized in the air-seeder market. The third product on the list is a multi-hybrid planting system that allows for two hybrids to be planted in a single field by deploying a meter with a seed selector and a dual compartment hopper.
The latest system has been praised extensively across the precision farming industry as it accentuates the agricultural productivity from 15% to 31% and further saves up to 75% on fertilizer and water. Needless to mention, such cutting-edge tools would acquire an imminent position in the overall precision farming market over the forthcoming years.
Furthermore, a large number of precision farming market participants have been concentrating on releasing novel products to accomplish greater sustainability, reduce environmental loss, and assist the farming fraternity to realize higher financial benefits. Considering the aforementioned statements, the growth potential of the precision farming industry looks promising with the overall business space forecast to surpass USD 12 billion by 2025, as per reliable estimates.
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