Investment bank looks at precision ag
What really will be making a huge difference between farming with and without precision technology is the amount of data that can be gathered in precise manners, and the large amount of data being referred to as big data. “This wealth of data needs to be filtered, fused and analyzed to provide useful and actionable information for increasing yields and reducing costs,” it is noted.
The Focus Investment Banking group expresses a lot of excitement about unmanned aerial systems for the future of precision ag. “Drone companies offering or planning to offer products and services to the agriculture market are numerous, and investments in these companies are on the rise. During the first nine months of 2013, approximately $40.9 million has been invested in UAS related startups—double the pace of 2012’s UAS investments,” the report noted while quoting Bloomberg news numbers.
“The use of drones [UAS] for agriculture will add real time high definition imagery, collected on-demand, to help a farmer see what is happening in the field without having to walk through the field. Drones can cost a fraction of what an airplane or a satellite costs, and they can provide a superior set of images with a potential resolution equivalent to standing next to the plant,” the report further suggested.
The website for Focus Investment Banking LLC is www.focusbankers.com. AgProfessional by providing the information used in the report from the group is not endorsing the company.
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