The quicker the farm technology adoption, the wider the profit margins
Farmers are going to have to grow a lot more food in the coming decades than they ever have to meet world demand.
How will it happen? Technology is thought the best way to yield more with the same amount of land and resources today. But, not all technology's the same. Some takes time to bring into an operation and reach profitable levels. Other new tools can be brought into a farm's management right away.
Regardless of how long it takes a new tool to reach the marketplace, be ready to act fast if you're going to take full financial advantage of technology, says Kansas State University Extension ag economist and Rawlins County, Kansas, farmer Terry Kastens.