Farms.com Home   Ag Industry News

Technology will continue to change agriculture

Technology will continue to change agriculture

Understanding how large companies adopt new tech can help growers prepare for change

By Diego Flammini
Staff Writer
Farms.com

New forms of technology will alter the way growers interact with their equipment and customers.

Farmers should keep a close eye on certain types of technology in particular, Dan Sinai, a national innovation senior executive with IBM, explained during the Farms.com Precision Agriculture & Ag Tech Showcase.

The first tech Sinai touched on was the Internet of Things (IOT).

Several companies already offer interconnectivity between individual products and the user. Elevating that data further will be important for the future of ag, Sinai said.

“The problem is, until you actually merge (multiple pieces of data together), you’re not going to derive the insights that you truly need,” he said.

“The next big step for IOT devices is how you integrate with the next level up with all the other IOT devices and how you make it artificially intelligent where it learns from itself.”

Sinai mentioned the importance of geospatial data.

Several types of data are kept in different formats and measured in different units.

IBM created a tool called IBM PAIRS for farmers, researchers and others to store data in a common format and allow them to derive insights from it, Sinai said.

He also discussed blockchain.

Blockchain tries to make shared, replicated, documents that several people can have access to. The technology can be important for food security, Sinai said.

“If somebody wants to get sick because of something that I grew, transported and delivered, who along the way could’ve caused that problem?” he said. “In the ag sector, the importance of blockchain is around traceability first.”

Large retailers also require blockchain for business purposes, Sinai said.

“If you want to sell to Wal-Mart, you have to be on their blockchain because of traceability.”


Trending Video

Funds Ditch Ag Commodities, Chase Stocks Amid an End to Middle East War, & Trade Deal Buzz

Video: Funds Ditch Ag Commodities, Chase Stocks Amid an End to Middle East War, & Trade Deal Buzz


The 12-day war between Iran-Israel came to an end sending crude oil futures plunging as the big fund speculators removed the war risk premium.

The weather risk premium in the Ag complex is sending corn, wheat and soybean futures lower on month-end selling ahead of the market moving USDA quarterly grain stocks and acreage reports on June 30th.

Instead, funds were chasing and sending tech stocks higher with the S&P 500/NASDAQ indexes setting new all-time record highs!

June 1 USDA Hogs and pigs report was slightly bearish while the U.S. $ Index traded to new contract lows as the de-dollarization that began in 2014 continues.

Feed in the form of soybean meal futures for livestock producers got cheaper, trading to new contract lows.

The Stats Canada seeded acreage update was bullish canola and wheat.