The economic law of supply and demand explains the relationship between products and the desire for consumers to purchase them. It outlines how each factor affects the other, and how this relationship determines the price of goods and services. When it comes to agriculture, this principle is a driving force behind technology in the supply chain.Continue reading Breaking Barriers Between Supply and Demand Using Technology
The world of agritech is changing every day. Check out our bi-weekly round-up to stay in-the-know on the evolving world that is agriculture technology.Continue reading In the Know: Bi-Weekly Agritech Round Up (March 29, 2019)
The world of agritech is changing every day. Check out our bi-weekly round-up to stay in-the-know on the evolving world that is agriculture technology.
Growing, buying and trading goods have been standard practices since the origin of economy. Farmers grow crops and commodities to sell or trade, and consumers offer money or goods in exchange for other goods. This process has been the tried-and-true foundation of the modern free enterprise system.
In today’s society, however, money is not the only capital that plays a role in agribusiness. In the last decade or so, the tides have changed, and there is one thing that may be more valuable than the dollar – data.