Variable rate technology (VRT) is quickly becoming a cornerstone of modern agriculture, promising to transform the industry through increased efficiency and sustainability. An insightful article written by Vasyl Cherlinka, scientist at EOS Data Analytics, and published by the Global Ag Tech Initiative thoroughly examines the economic benefits and growth potential of VRT.
Accurately optimize your input
VRT allows farmers to apply inputs like seeds, fertilizer and water with great precision based on the specific needs of different zones in a field. This precision reduces waste, lowers costs, increases crop yields and makes farming practices more efficient and environmentally friendly.
Cherlinka highlights two main types of VRT: map-based and sensor-based systems. Map-based VRT uses GPS mapping and pre-collected data to inform a variety of applications, while sensor-based VRT utilizes real-time data collection to adjust input levels as you move.
Economic benefits and market growth
The economic benefits of VRT are significant: farmers who adopt the technology can expect significant savings in input costs and increased crop productivity. Cherlinka's article notes that the global VRT market is projected to grow from $6.12 billion in 2023 to a staggering $25.43 billion by 2033, highlighting the technology's growing importance in the agricultural sector.
Leading companies such as Deere & Company, Trimble Inc. and AGCO Corporation are at the forefront of VRT development, driving innovation and adoption across the industry.
Sustainability: a double win
One of the key takeaways from Cherlinka's analysis is the dual benefit of VRT: economic gains for farmers and reduced environmental impact. By precisely applying inputs, VRT minimizes overuse of fertilizers and pesticides that can harm the environment. This sustainable approach is becoming increasingly important as the world's population grows and demand for food rises.
Cherlinka also touched on the future of VRT, emphasizing that as the technology advances, it will become even more essential to agricultural operations. Improvements in data analytics, machine learning and sensor technology will make VRT systems more accurate and easier to use, leading to greater adoption.
A call for continued investment
The article calls for continued investment in VRT to realize its full potential. As climate change and resource scarcity pose new challenges to agriculture, technologies like VRT are a promising solution. Farmers who adopt VRT not only reap the economic benefits, but also contribute to a more sustainable and resilient agricultural system.
In conclusion, variable rate technology will revolutionize the way agriculture is done. By increasing productivity, reducing costs, and protecting the environment, VRT is not just a technological advancement, it is a necessary evolution in agriculture. As Cherlinka's article makes clear, the future of agriculture is precision, and VRT is leading the way.
For a comprehensive understanding of the economic benefits and future growth of variable rate technology, read Vasyl Cherlinka’s full article on the Global Ag Tech Initiative website.
Source: Global AgTech Initiative
About the author: Vasyl Cherlinka is a scientist at EOS Data Analytics. He holds a PhD in Biological Sciences, specializes in pedology (soil science) and has 30 years of experience in the field.
Cover image: Potato fields in Maine. Credit: NT Franklin on Pixabay
