Mountain View, May 24, 2022 (GLOBE NEWSWIRE) -- Innovations in equipment, crop protection chemicals, animal and crop genetics, and farm management have been positively influencing the production growth of the U.S. agriculture sector development since the middle of the 20th century. Total farm output increased by almost three times between 1948 and 2019, while the amount of land and labor used in farming decreased.
It’s safe to say that precision agriculture, which entails obtaining and using data about crops, soil, and weather conditions via remote sensing, plays a significant role in reducing human effort in farm and field management in North America. In 2021, the agtech market value in the region was the highest globally and amounted to $6,215.9 million (the market value in Europe was $2,792.3 million for comparison.)
Satellites are one of the data sources for precision agriculture. Hence, vendors of smart farming solutions can add value to existing products by integrating satellite imagery data and analytics into them. Also, IT companies planning to engage with agriculture sector customers need access to trusted sources of satellite imagery data and technical capability to process and make sense of it to solve business problems.