Farmland investors should pay close attention to the most recent installation of wireless connectivity: the 5G mobile network.
As the successor to the 4G cellular network, 5G has the ability to carry far more data at much faster speeds than what our mobile technology runs on today-- about 100 times faster. But what does this have to do with agriculture and how does it affect farming?
5G sensors, monitors, and drones are all state-of-the-art technology with unprecedented speed and connectivity. Incorporating cutting edge 5G-capable tech into farming will enhance productivity, and becoming a fractional owner and operator of a farm as it transitions to a faster digital age is a financial decision worth seriously considering. Let’s dive further into this.
It’s no secret that the global population is growing dangerously quickly-- some would say faster than previously thought possible. One UN Food and Agriculture report states that the only way to continue meeting global demand – even 50 years into the future – is to increase the quantities harvested from farms while decreasing the amount of physical labor needed. Ultimately, the goal of agricultural technology is to produce an adequate variety and quantity of food for the world as efficiently as possible.
As the global population exponentially increases annually and farmers face unfamiliar climate conditions, incorporating new technology will enable farms to adjust and is highly likely to become a necessity. It is crucial, then, that farms achieve peak productivity with minimal waste. Currently, the U.S. throws out 80 billion tons of food annually. While that may seem like a sign we are well-equipped to satisfy the country’s food needs in the future, the problem is that over-farming will actually damage the soil in the long run – making it unusable in the future.
As a potential solution, remote sensors could give farmers a clear picture of the soil their crops are growing in, preventing ecologically damaging over-farming, eliminating food waste, and reducing some risk of damaging farmland into the future. While the number of human farmers may struggle to meet the demand of feeding the entire world in the coming years, fast and accurate sensors on a 5G network could allow farmers to be in two places at once, making changes remotely. Embracing 5G “smart” farming may be the most efficient way to adapt to a rapidly changing global food ecosystem.
Both when it comes to sending data and growing produce, small measures make a big difference. The 5G network has a latency of around one millisecond; which means it only takes about one millisecond for data to travel from one point to another.
Because agriculture is easily affected by small changes, the sooner farmers know about fluctuations in air, soil, or water, the sooner they can adjust for proper maintenance of the crops. For example, on a 5G network, farmers could utilize wireless monitors that show near-live readings of soil and nutrient metrics, and activate remote sensors to respond to readings. The moment growing conditions dip below perfect, farmers can adjust their irrigation systems accordingly. Such accurate and fast readings will pave the future of farming with 5G.
Farmers and our farmland backers will both benefit from the high-speed connectivity that new 5G networks provide. With your partnership, we can invest in traditional farms and outfit them with the proper equipment to adjust to a changing world.
To learn more about the new technology being embraced in agriculture, check out our AgTech trends section within our Learning Center!
Disclaimer: FarmTogether is not a registered broker-dealer, investment adviser or investment manager. FarmTogether does not provide tax, legal or investment advice. This material has been prepared for informational and educational purposes only. You should consult your own tax, legal and investment advisors before engaging in any transaction.