New technologies as a driver of change in the agricultural sector

Radić, Vlado; Radić, Nikola; Cogoljević, Vladan

doi:10.5937/ekopolj2201147r

Cited by 4 publications

(3 citation statements)

References 35 publications

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“…The assessment of the investment projects was performed using the net present value, internal rate of return, payback period, and break-even point with the conclusion that investing in a renewable electrical energy device during the production of raspberries, has a high economic justification. Besides traditional agricultural production, Radić et al (2022) highlighted the potentials and challenges of the "smart agriculture" i.e. Internet of Things, big data, satellite navigation, mobile communications, and ubiquitous computing in agriculture.…”

Section: Literature Reviewmentioning

confidence: 99%

Economic Efficiency Assessment of Investments in Agricultural Production

Kuzman

Momčilović

Ercegovac

et al. 2023

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The purpose of this study is to assess the economic benefits of agricultural production and provide guidance to manufacturers and investors interested in agriculture. This paper applies dynamic efficiency evaluation methods i.e. net present value, profitability index, and internal rate of return, together with the sensitivity analysis that is useful in cases of market turbulences. The presented investment is purchasing 10 hectares of arable land and cultivating two alternative crops: corn and soybeans. Research results and projections imply that both scenarios are acceptable and economically profitable with the preference for the cultivation of corn giving better economic efficiency. This study can provoke further investment evaluations with dynamic capital budgeting methods in other crops or implementation of mechanization in agricultural production.

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Section: Literature Reviewmentioning

confidence: 99%

Economic Efficiency Assessment of Investments in Agricultural Production

Kuzman

Momčilović

Ercegovac

et al. 2023

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“…As already emphasized, the challenges to which modern agriculture needs to respond, such as greater food production, can be solved to a some extent by new technologies (Internet of Things, wireless sensor networks, mobile technologies, smart agriculture) that become the driver of changes in agricultural sector (Radić et al, 2022). In his research, Janos Simon (2013) presents a project for the development of a universal microclimate control system based on wireless technologies.…”

Section: Application Of Wireless Technologies In Agriculturementioning

confidence: 99%

The support and contribution of mobile technologies and applications to agriculture

Milovanović

2023

Acta agriculturae Serbica

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Agricultural management is based on information, so information about seeds, water and soil moisture, nutrients, plant protection, market of agricultural products, etc., is critical success factor for agriculture. This information must reach the end users or farmers, in order to use the potential for improving agricultural production and business. In this context, information-intensive and precision agriculture techniques based on knowledge and information and communication technologies (ICTs) are essence of contemporary agriculture. Accordingly, farmers could achieve the benefits of the Internet, mobile technologies and other ICTs that provide information services relevant to the management of agricultural production and business. This paper is a contribution to the research of the use of mobile technologies in agriculture with special reference to mobile applications in agriculture and intelligent agricultural system based on mobile and wireless technologies.

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“…Structural changes in agriculture, followed by advanced agricultural technologies, financial challenges, etc. resulted in adjustment in advisory services as well (Radić at al. 2022).…”

Section: Literature Reviewmentioning

confidence: 99%

Dynamics and Intensity of Structural Changes in Agricultural Output: The Case Study of the Republic of Serbia

Dimovski¹,

Radivojević²,

Rađenović

2023

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Agriculture as a primary sector is constantly subject to structural changes – adjustments in product features, production and consumption, technology, size of farms and agricultural holdings, manufacturing models, etc. Given the most dramatic changes occurring in the production sector, structural changes in agricultural output are precondition for understanding country’s food production and food security. Accordingly, the paper analyses the agricultural output in the Republic of Serbia in the period from 2007 to 2019. The aim of the research is to examine an intensity and dynamics of structural changes, in order to determine the most dynamic agricultural branches and period when these changes are the most intensive. The research has been conducted using Michaely Index and Lilien Index as the indicators of structural changes. Research results can be beneficiary for policy makers in developing a strategy, aiming to ensure food security and further development of key agricultural branches.

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New technologies as a driver of change in the agricultural sector

Cited by 4 publications

References 35 publications

Economic Efficiency Assessment of Investments in Agricultural Production

Economic Efficiency Assessment of Investments in Agricultural Production

The support and contribution of mobile technologies and applications to agriculture

Dynamics and Intensity of Structural Changes in Agricultural Output: The Case Study of the Republic of Serbia

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