THE OUTLOOK FOR PRECISION FARMING IN HUNGARY

Judit Oláh and József Popp
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Judit Oláh: Faculty of Economics and Business, University of Debrecen
József Popp: Faculty of Economics and Business, University of Debrecen

Network Intelligence Studies, 2018, issue 12, 91-99

Abstract: For agriculture, precision farming represents the future - by increasing incomes and reducing the environmental burden at the same time. Precision management produces surpluses in yields, revenue, and profits, but not immediately. The additional income potential is expected to increase by 20% to 50%. Farmers mostly introduce precision farming in order to relieve workers. Although many farmers are afraid of using new technologies, the use of information technology in agriculture will be unavoidable. However, technology is fundamentally expensive, it is not widespread, and farmers currently use only a few elements of the technology available. Moreover, following the precautionary principle, technology used in farming covers only a part of their agricultural land. So farmers need to learn to produce more precisely than before, in a knowledge-based way.

Keywords: Precision farming; Information technology; Internet of Things; Farming 4.0 (search for similar items in EconPapers)
JEL-codes: L90 O14 (search for similar items in EconPapers)
Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:cmj:networ:y:2018:i:12:p:91-99

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