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The Outlook For Precision Farming In Hungary

Author

Listed:
  • Judit OLÁH

    (Faculty of Economics and Business, University of Debrecen)

  • József POPP

    (Faculty of Economics and Business, University of Debrecen)

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.

Suggested Citation

  • Judit OLÁH & József POPP, 2018. "The Outlook For Precision Farming In Hungary," Network Intelligence Studies, Romanian Foundation for Business Intelligence, Editorial Department, issue 12, pages 91-99, December.
    • Handle: RePEc:cmj:networ:y:2018:i:12:p:91-99
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    More about this item

    Keywords

    Precision farming; Information technology; Internet of Things; Farming 4.0;
    All these keywords.

    JEL classification:

    • L90 - Industrial Organization - - Industry Studies: Transportation and Utilities - - - General
    • O14 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Industrialization; Manufacturing and Service Industries; Choice of Technology

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