Ag Tech Adoption The confluence of complex demands on the global farming sector including food security, competitiveness, climate change and sustainability make the adoption of agricultural technology even more important. In a service to policymakers, McKinsey & Company surveyed 5500 farmers worldwide to better understand their views toward agtech and their adoption rates. First, there is agtech industry limitation of fragmentation. It lacks standard data architecture and cross-platform interoperability. Limits from the farmer standpoint include high cost, uncertain ROI, and lack of user friendliness. Still, there is the desire to adopt it, especially in the rich West, but there is low interest in Asia.
The dominant area of i...
What You Need to Know Today: There has already been a strong run of flash soybean sales announcements in recent weeks, but more than 1.4 MMT reported this morning is an exceptionally large single-day total with major implications for the market. If the sales to China and unknown destinations w...
On Friday, at 6:57 AM, President Donald Trump announced, via a social media post, a 90-day window during which up to 300,000 metric tons of product for ground beef could be imported outside of tariff-rate quotas—a move aimed at bringing down costs for American consumers. This is the secon...
