Precision Farming Market: Global Industry Analysis and Forecast to 2020

Precision Farming Market: Global Industry Analysis and Forecast to 2020

Persistence Market Research

Precision Farming Market: Global Industry Analysis and Forecast to 2020

Persistence Market Research

1

Precision Farming Market: Global Industry Analysis and Forecast to 2020 Persistence Market Research Released New Market Report on “Precision Farming Market: Global Industry Analysis and Forecast to 2020”.
Precision farming is a farming management which is based on measuring, observing and responding to inter and intra-field variability in crops. It is mainly an information technology based farm management system. Precision farming is also known as site specific crop management or satellite farming. With the advancement in data management, precision farming has a significant impact on traditional approaches of farming. Data management advancement along with growth of latest technology such as geo-location tracking helps precision farming to optimize yield and detect operating efficiencies. Precision farming helps to reduce fuel uses and cut down the input and labor cost. Precision farming market is expected to grow at a rapid pace during forecasted period.

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Precision farming helps farmers to get proper information about harvesting and planting. It also suggests proper amount of pesticides and fertilizers needed for better yield production. Due to various innovations practices in precision farming, farmers get benefitted from across the globe. Major contributing factors such as improved yield and profitability act as a key driver for precision farming market. Some other factors such as energy and cost saving along with governmental assistance help in the growth of global precision farming market. Larger initial investment and lack of awareness and their impact acts as restrain for precision farming market. On the basis of technology precision farming market is...