Categories
AgTech

Breaking Barriers Between Supply and Demand Using Technology

The economic law of supply and demand explains the relationship between products and the desire for consumers to purchase them. It outlines how each factor affects the other, and how this relationship determines the price of goods and services. When it comes to agriculture, this principle is a driving force behind technology in the supply chain.

When demand exceeds supply, prices tend to rise. And when supply exceeds demand, you can expect to see prices fall. These shifts can be difficult to measure and prepare for. However, with technological advancements in today’s market, there is more room for predication and more time for preparation.

Shifts in a supply curve can sometimes be the result of advances in technology that reduce the cost of production. If the cost of production goes down, sellers will often lower prices. This plays into the world of agriculture as agritech companies continue to improve the quality of their products and tools. As these companies work to perfect their technologies, and as farmers implement them in the field, they are able to offer products to consumers at a lower price. As a result, farmers and agriculture professionals can invest in more agritech developments, causing the supply curve to shift.

Categories
AgTech

How Technology Is Shifting Our View of Agriculture

Innovation is at the heart of agriculture. From the beginning, farmers have continually invented new techniques to improve the efficiency of planting and harvesting crops, and recording data to help inform those techniques. Today, the landscape of agriculture is changing at an exponential rate. This is largely due to the wide scope of digital technologies that are now transforming the agritech industry.

Categories
AgTech

In-The Know: Bi-Weekly Agritech Round-Up (May 10, 2019)

The world of agritech is changing every day. Check out our bi-weekly round-up to stay in-the-know on the evolving world that is agriculture technology.

Categories
AgTech

In-The Know: Bi-Weekly Agritech Round-Up (April 26, 2019)

The world of agritech is changing every day. Check out our bi-weekly round-up to stay in-the-know on the evolving world that is agriculture technology.

Categories
AgTech Sustainability

In the Know: Bi-Weekly Agritech Round Up (April 12, 2019)

The world of agritech is changing every day. Check out our bi-weekly round-up to stay in-the-know on the evolving world that is agriculture technology.

Categories
AgTech

The Importance of Data Standards

Today’s agritech landscape consists of digital tools that gather and record data about crops and commodities in order to serve a growing number of consumers. Two manufacturers may purchase the same commodity and utilize it differently, but they must both be able to share and access information about the same product. This is where data standards come into play, providing streamlined processes and guidelines that all players in an industry can follow in order to exchange information and conduct business more efficiently. In agriculture, data standards also reinforce transparency and immutability in the digital supply chain.

Categories
AgTech

In The Know: Bi-Weekly Agritech Round-Up (March 15, 2019)

The world of agritech is changing every day. Check out our bi-weekly round-up to stay in-the-know on the evolving world that is agriculture technology.

Categories
AgTech Sustainability

In The Know: Bi-Weekly Agritech Round-Up (March 1, 2019)

The world of agritech is changing every day. Check out our bi-weekly round-up to stay in-the-know on the evolving world that is agriculture technology.

Categories
Sustainability

In the Know: Bi-weekly Agritech Round-up (February 15, 2019)

The world of agritech is changing every day. Check out our bi-weekly round-up to stay in-the-know on the evolving world that is agriculture technology.

Categories
Sustainability

In the Know: Bi-weekly Agritech Round-up (February 1, 2019)

The world of agritech is changing every day. Check out our bi-weekly round-up to stay in-the-know on the evolving world that is agriculture technology.