Agriculture

Agriculture

Agriculture

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Agriculture is our wisest pursuit, because it will in the end contribute most to real wealth, good morals, and happiness.

Thomas Jefferson @Agronomist

Use of proper farm equipment’s can increase the farm productivity by up-to 30% and reduce the input cost by about 20%.

Knowledge Paper @FICCI

India Agriculture mechanization is just 40-45%, despite that agricultural machinery market in India is estimated to grow at a CAGR of over 10 percent during the period 2013-18

Knowledge Paper @FICCI

Agriculture is an important source of income and the world's largest business. One third of the economically active population obtains its livelihood from agriculture.

Agriculture is a huge industry, which employs approximately 42 percent of the world's laborers, although it composes less than 5 percent of the combined GDPs of the world.

Agriculture as an industry is responsible for fulfilling humans' need for energy, and to some extent, shelter. In addition to food crops and livestock, the industry includes field crops such as cotton or tobacco.

Agriculture as a source of income


Agro-Technology facts state that the magnitude of the yield increases reflecting new technologies is highly impressive in a number of cases globally. For example, corn yields increased 1.8 bushels per acre per year from 1975- 1995. More recently, new technologies have enabled increases of 3.2 bushels per year from 1995-2005—77 percent greater growth.

Modern agronomy, plant breeding, agrochemicals such as pesticides, fertilizers, agriculture and farm equipment’s and technological developments have in many cases sharply increased yields from cultivation and will continue to dominate the industry to reach the maximum output to feed and sustain civilization.

Agriculture and Farm Machinery Market to Reach $281.61 Billion by 2022

According to a new market report published by Transparency Market Research “Agriculture and Farm Machinery Market— Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2015 - 2022,” the market for agriculture and farm machinery globally is forecast to reach $281.61 Billion by 2022.

Key factors driving the global agriculture and farm machinery market include increasing mechanization of agriculture coupled with the provision of subsidies by government of various countries on agricultural machinery to improve farm production. Furthermore, increasing demand for food consumption owing to the rising population is expected to stimulate the agriculture and farm machinery market growth in the coming years.

We at Business Fuel are here to help the end users to understand what solutions fit their need at affordable investments and from the perspective of equipment producers we help them to understand and price their product appropriately and help them increase their sales and revenue.

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