Future Food Needs Present $240B Addressable Market for Precision Farming Technology

Worldwide adoption of precision farming technologies will be needed to meet a needed 70% increase in food production by 2050, according to research from Goldman Sachs.

In the face of this challenge are growing opportunities for manufacturers and dealerships. With a need for greater yields identified, researchers estimate a $240 billion addressable market in these technologies, meaning there is nearly a quarter trillion dollars’ worth of revenue opportunities.

The Goldman Sachs report on precision farming…

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