Efficiently managed large scale operations using modern technology generate attractive returns on investment.
Key factors differentiate successful operations:
- Size matters as economies of scale are important based on the use of large equipment which allows savings on unit cost
- Technology matters as “Precision Farming” tools allow more efficient use of seeds, grains, nutrients
- Management matters as benchmarked performance indicators vary considerably based on better know-how and implementation
New technologies will furthermore lead to new products, production methods and business models: e.g. growing energy crops on marginal land or generation of gas and electricity on farms.