Honors: All College Participants

Title

The Economic Viability of Emerging Technologies in Agriculture

Academic Level at Time of Presentation

Senior

Major

Agricultural Science

Minor

Emerging Technology (focus within major)

List all Project Mentors & Advisor(s)

Dr. Brian Hoover

Presentation Format

Oral Presentation

Abstract/Description

Economic Viability of Emerging Technologies in Agriculture

Major advances in agriculture brought the major changes in mankind. The development of villages, towns, cities, and finally the sprawling metropolises that exist around the world today would never have happened without increasingly efficient agriculture. Advances in agricultural technology have allowed for higher yields, lower inputs, and less reliance on manpower and freed up those resources to build the world we know today. The leaps and bounds in the last hundred years have been some of the most tremendous. Today technological advancement continues at an increasing pace. Determining which technologies are adopted at the grower level is a an important financial and operational decision. If a technology does not provide an economic advantage then few farmers are likely to adopt it. However, this decision-making at the industry level is not a purely monetary one. Exploring new technological frontiers cannot always be profitable at first. This rift between what is cutting edge and what is profitable can make it difficult for farmers to determine what technology to buy and use. In addition, farming situations vary in size, soil, water use, and many other factors. What follows is an examination of the economic viability of technologies at the forefront of the industry that are becoming required to efficiently farm today.

Location

Classroom 211, Waterfield Library

Start Date

November 2016

End Date

November 2016

Affiliations

Honors Thesis

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Nov 15th, 1:30 PM Nov 15th, 3:30 PM

The Economic Viability of Emerging Technologies in Agriculture

Classroom 211, Waterfield Library

Economic Viability of Emerging Technologies in Agriculture

Major advances in agriculture brought the major changes in mankind. The development of villages, towns, cities, and finally the sprawling metropolises that exist around the world today would never have happened without increasingly efficient agriculture. Advances in agricultural technology have allowed for higher yields, lower inputs, and less reliance on manpower and freed up those resources to build the world we know today. The leaps and bounds in the last hundred years have been some of the most tremendous. Today technological advancement continues at an increasing pace. Determining which technologies are adopted at the grower level is a an important financial and operational decision. If a technology does not provide an economic advantage then few farmers are likely to adopt it. However, this decision-making at the industry level is not a purely monetary one. Exploring new technological frontiers cannot always be profitable at first. This rift between what is cutting edge and what is profitable can make it difficult for farmers to determine what technology to buy and use. In addition, farming situations vary in size, soil, water use, and many other factors. What follows is an examination of the economic viability of technologies at the forefront of the industry that are becoming required to efficiently farm today.