The farming sector might not be everyone's first choice when looking for stocks benefiting from disruptive technology, but don't tell that to agriculture equipment manufacturers. The emergence of so-called "precision agriculture" is one of the big growth stories of the Internet-of-Things (IoT) era.
Let's take a look at what's going on with the convergence of tech and agriculture and how investors can profit from it.
Precision agriculture , or precision ag, uses real-time data points (gathered from embedded web-enabled devices) to help farmers make the right decisions over everything from preparing the soil to planting seeds, nurturing, and ultimately harvesting. It's a technology at the heart of the reason why agriculture and construction equipment manufacturer CNH Industrial (NYSE: CNHI) recently agreed on a deal to buy Raven Industries (NASDAQ: RAVN) for $2.1 billion.
For further details see:
Why This Surprising Sector Is Suddenly Hot