At the beginning of each new year, people make new resolutions to make their life better. For farmer’s, better record-keeping should always be on the list of resolutions. Modern farming is a business much more than it has been historically.
In any commodity business, the way to succeed is to be a low-cost producer, according to Michael Boehlje, a Purdue Ag Economics Professor. “When you wake up each day, tell yourself, ‘My job today is to lower my costs,’” he said. “The only trouble is that Ukraine woke up seven hours earlier and got a head start on it.”
Farming is becoming more scientific, with remote sensing, GPS, and data analytics all being added to farming equipment. Thousands of US farmers all over are adopting the new equipment to make their farming more precise.
Although the majority of farmers do well as producers, they typically are not very confident with respect to their management skills. For this reason, we asked our readers to share their best advice for management: what they do that makes a significant impact on their bottom line. Here are their five best ways to become a better farm manager.
The Satellite Applications Catapult’s Oxford Branch has been working on a project to protect the environment. They look into boats that turn off their Automatic Identification System (AIS) because they think that then they cannot be found while illegally fishing. Yet they can be found – using satellites. There are plans to notify authorities if anything illegal might be going on.
Wireless Sensor Networks (WSN) are the technology that enables efficient and cost-effective Precision Agriculture (PA). Before PA, farmers were only able to make use of aircraft and satellite imagery, or other map-based systems, to precisely target their growing areas.
Farm innovators have new places to turn for development funding. Silicon Valley players are changing the way innovation is financed. And the system offers more than money, providing entrepreneurs with added management help.
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