Farmers need to get into the space race says new report

The key to farmers unlocking billions of more dollars from new ag technology is orbiting in the skies above them, according to a new report released by Agrifutures Australia.

The federal government-funded rural research corporation commissioned the Australian National University (ANU) to do a wide-ranging study into the future role of satellites to lift farm productivity and value.

Its report, Space-based technologies – opportunities for the rural sector, found improvements to geolocation alone could boost Australian agriculture by $2.2 billion over a 30-year period.

And even more significant was the finding that satellite connectivity could significantly lift the uptake of internet-enabled technologies which had the potential to add $15.6 billion to the gross value of production in agriculture, fisheries and forestry each year.

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