Market forces drive Progress – Innovation in Agriculture (Simultaneous Translation)
Agricultural productivity increased substantially by use of technology. However, profitability of farmers has hardly benefitted from this development. Trade with agricultural commodities is dominated by few global companies, whose market power puts heavy pressure on prices. Prices remain close to farm production cost. Further productivity increase is a necessity for farmers in this system. Development and marketing of new technologies to increase productivity require substantial investments and were driving concentration process of technology providers. Which technologies will dominate in the coming years?