This White Paper provides an overview of the tools and technologies across the farming and livestock industries. The new generation farmer is likely to run their operations on a tablet or smart phone while analyzing the latest weather data.
Farming is big business. Agriculture, food, and related industries contributed $1.053 trillion to U.S. gross domestic product (GDP) in 2017, a 5.4% share. The output of America’s farms contributed $132.8 billion of this sum—about 1% of GDP. Direct on-farm employment accounted for about 2.6 million jobs, or 1.3 percent of U.S. employment.
Agriculture in effect is a form of manufacturing, heavily capital intensive, so application of connected technologies helps to extend the life of equipment, improve output (and potential revenues) and reduce risks. “Smart Farming” refers to the use of intelligent assistance in implementation, maintenance and use of the technology for farming using IoT. “Precision Agriculture” is defined as making the practices of farming more accurate and controlled when it comes to growing crops and raising livestock.
- Smart farming and agriculture today
- Sensors & Hardware
- Big data & AI
- People and Platforms
- IoT Use cases in agriculture
- Why invest in IoT for agriculture
- How can Momenta Partners help you succeed?
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