Farms.com Home   News

Big Data Brings Farmers New Rewards, New Risks

The U.S. House Agriculture Committee had a session with precision agriculture leaders and farm group representatives to discuss the potential and challenges that new information technology holds for agricutlure.

"Farmers and ranchers see tremendous benefits with technology, but can’t turn a blind eye to the privacy concerns that remain." Missouri Farm Bureau President Blake Hurst told the House Agriculture Committee today. Hurst, a board member of the American Farm Bureau Federation, was asked to testify on innovation and its implications for agriculture.

“The big data movement—and the innovative technologies and analytics it yields—could lead to at least as much change in agriculture as the Green Revolution and the adoption of biotechnology did,” Hurst said. “Farmers are reporting higher yields, fewer inputs, more efficiency and higher profits thanks to technology.”

While farmers are eager to adopt these groundbreaking tools, they are not willing to simply hand over their sensitive business information - nor should they have to. Farmers have the right to know what information is collected, how exactly their data is used and who else has access to it. “It’s then up to farmers to determine whether the benefits outweigh the privacy and security risks associated with usage,” Hurst said.

These concerns are best resolved through private partnerships where farmers can work directly with businesses to address problems and find workable solutions. “If we rely on the government to make changes, the undue overhead might irreversibly deter innovation,” Hurst said.


Trending Video

Will the 2025 USDA December Crop Report Be a Market Mover/Surprise?

Video: Will the 2025 USDA December Crop Report Be a Market Mover/Surprise?


Historically, the USDA December crop report is a non-event or another dud report as the USDA reserves any final supply changes to the final report in January of the following year in this case 2026. But after the longest U.S. government shutdown in history at 43 days and no October crop report will they provide more data/surprise and make an exception?
Our China U.S. soybean purchase tracker is now at 26.6% or a total of 3.2 mmt but for traders it’s taking too long to unfold.
The final Stats Canada production report was bearish canola and wheat projection a record crop in both (it adds to the global glut of supplies) and bullish local corn and soybean prices in Ontario/Quebec thanks to a drought. It will not help the fund flow short-term, the USDA may need to offset it?
A U.S. Fed interest rate cut of another 25-basis point next Wednesday (probability 87.1%) could help fund flow and sentiment in stock and ag commodities into year end.
More inflows into Bitcoin this past week saw prices rebound back above 90,000 with support at 82,000 and resistance at 96,000.
A V-shaped bottom in cattle suggest the lows are in after Mexico reported another new world screwworm case. Lower weights, seasonal demand and higher U.S. beef select/choice values with a continued closure of the Mexican border to cattle will result in a resumption of higher cattle futures into yearend.
Australia is expected to produce its 3rd largest wheat crop ever at 36 mmt adding to the global glut of supplies.
Reports of ASF in hogs in Spain the largest pork exporter in Europe could see the U.S. win more pork export business long-term.
If the rains verify into next week of 3-5 inches for Brazil it would go a long way to fixing the dry regions from the last 2-months, but the European weather model has been wrong for the past 2-months!
Natural gas futures are surging to the 3rd price count as frigid hold temps set in.
CDN $ is also surging to end the week on a very resilient economy and better employment numbers suggesting no interest rate cuts next week.
Finally, the CFTC report showed funds were net buyers of soybeans but sellers of corn, canola and wheat. In real time the funds have gone back to selling as they take some profits.