April 15, 2021
Precision Agriculture and Technology
by: Michael Langemeier and Michael Boehlje
Precision agriculture utilizes biotechnology and nutritional technology; monitoring, measuring, and information technology; and process control technology to increase resource efficiency, reduce input cost, and/or improve product value. This series of articles will discuss precision agricultural technologies, potential payoffs of using these technologies, and the capabilities and skills that will be needed to manage these technologies.
ARTICLES WITHIN PUBLICATION:
Importance of New Technologies for Crop Farming
Adoption of technology has been important to production agriculture for decades. Through the adoption of technology and improved managerial practices, aggregate agricultural U.S. farm output in the United States tripled from 1948 to 2017 with almost no corresponding increase in
Read MoreInformation Technology and Value Creation
The use of information technology systems or digital technology has evolved through a number of stages over the last two to three decades. During the 1990s, it was recognized that more accurate and timely data could be used to make better decisions.
Read MoreThe increasing role that knowledge and information play in obtaining control of resources, increasing profits, and reducing risk in farming is occurring for two fundamental reasons. The first reason is the dramatic growth in knowledge and information of the chemical, biological, and physical processes involved in agricultural production.
Read MoreAdoption of Precision Agriculture Technologies
This article discussed the adoption of precision agriculture technologies. Adoption rates have been very high during the last ten years, and given the increased venture capital devoted to developing these technologies is likely to continue at an accelerated pace.
Read MorePotential Payoffs of Precision Farming
This article discussed the possible payoffs for the agricultural producer, for the value chain, and for the
environment associated with the further adoption of precision agriculture. As we develop technologies
and tools to expand the toolkit for precision farming and digitization systems and platforms to enhance
farmer’s profit margins as well as create value for the value chain and society as a whole, the farming
sector will be increasingly transformed from “growing stuff” to biological manufacturing.
Automation and Robotics in Production Agriculture
This article discussed trends in automation and robotics in the general economy, and provided examples
of using these technologies in production agriculture. Possible benefits of the adoption of automation and robotics will include reductions in costs, improvements in productivity, increases in the production of value-added products, reduced downtime and improved capacity utilization, and reductions in operating risk.
A recent article discussed a number of automation and precision agriculture technologies that will be increasingly used in production agriculture. The adoption and use of these technologies will require additional expertise and skills of managers and the workforce on the
Read MoreTAGS:
TEAM LINKS:
RELATED RESOURCES
Future of Ag Tech: A Conversation with Brant Caley
Brant Caley, an expert in ag tech, discusses his journey, from playing FFA basketball to working with companies like Trimble, Farmers Business Network (FBN), and now Gradable on this episode of the Purdue Commercial AgCast. The discussion covers the evolution of farm technology, sustainability in grain marketing, the future of agricultural technology – and the potential impact of emerging technologies like AI and LLMs.
READ MORE2025 Indiana Farm Custom Rates
The rates reported in this publication were compiled from questionnaires received from farmers, farm owners, farm custom operators, and professional farm managers in Indiana during the last month of 2024 and the first three months of 2025. Respondents were asked to report custom rates they had either paid or received during the past year.
READ MOREEach year, numerous emerging technologies claim to boost your production, reduce input usage, or streamline your farm’s operations. However, the effectiveness of these technologies varies across different farms. Purdue ag economists James Mintert, Michael Langemeier, and Chad Fiechter examined how technology affects long-term farm growth and profitability, and share insights from farm financial records and farmer surveys during their 2025 Commodity Classic Learning Center Session on March 4, 2025. Watch the recording now!
READ MOREUPCOMING EVENTS
We are taking a short break, but please plan to join us at one of our future programs that is a little farther in the future.
2026 Crop Cost and Return Guide
The 2026 Purdue Crop Cost and Return Guide provides estimated costs and net returns for planting, growing, and harvesting corn, soybeans, and wheat in the upcoming year. Cost and return information presents information for low, average, and high productivity soils. Early projections point to slightly higher breakeven prices.
READ MORE2025 Farmland Values & Market Trends
Purdue ag economists Todd Kuethe and Michael Langemeier as they discuss Indiana farmland values on this, the first of two episodes reviewing the 2025 Purdue Farmland Values and Cash Rental Rates survey results. The survey shows Indiana land prices continue to rise and are anticipated to continue a modest increase for the rest of 2025 for most of the state.
READ MOREFarmland Prices Increase Despite Downward Pressure, Purdue Ag Econ Report August 2025
Indiana farmland prices have continued the trend of record highs in 2025, according to the latest Purdue Farmland Value and Cash Rents Survey results. The average price of top-quality farmland reached $14,826 per acre, a 3.0% increase from June 2024. Statewide, cash rents increased from 1.5 to 1.7% for poor-, average-, and top-quality land.
READ MORE