In 2011, according to the USDA, net farm income will rise by nearly 20%. Gross farm income will reach $400 billion, and for the first time in history total farm production expenses in the US will exceed $300 billion.
These numbers stand as a testament to the enormity of the agriculture market in the US.
However, numerous short-term and long-term challenges and problem areas exist that, whether they are addressed or not, will invariably impact the growth or contraction of the agriculture market both in the US and Worldwide.
When people hear about ‘Peak Oil,’ they immediately fret about increases in prices at the pump and various household products that use petroleum.
‘Peak Phosphorus,’ on the other hand, receives short shrift because the average bystander has no idea of the value and essential role that phosphorus plays in feeding the world’s population. After all, as a friend stated when I asked what he knew about phosphorus: “It’s just the ‘P’ element on the periodic table, right?”
Well yes, that’s right. But it’s also more than that. Phosphorus is one of the three core nutrients along with Nitrogen and Potassium required for plant growth. Phosphorus is also responsible and essential for the construction of DNA and cell membranes in all living organisms. It also plays a pivotal role in bone formation in humans.
As the world waits with baited breath for the next Green Revolution to officially commence (hopefully one driven by sustainable agriculture practices and technologies), here are some quick facts to wrap your head around:
- The UN Population Division estimates that 2050, the world population will peak at around 9 billion an increase of nearly 40% from the current number – 6.5 billion
Imagine transforming everyday organic waste into sustainably grown food. Well imagine no further, because that’s exactly what Harvest Power is enabling farmers and producers to do by developing, building, and operating state-of-the-art facilities that produce soil enhancement and renewable energy products from discarded organic materials. By harvesting these materials, the company enables communities and businesses to increase their energy independence, reduce their environmental impact and reliably manage their organic waste.
According to Dr. Joseph Reger, Chief Technology Officer of Fujitsu Technology Solutions, the agriculture industry needs to take greater advantage of IT solutions that have the potential to increase production yields. Reger argues that IT solutions which currently exist to help farmers detect potential issues that might lead to crop failures and determine the optimal time to reap and sow their crops are currently underutilized.