A number of companies are emerging in the area of big data, offering various services such as data, the ability to buy inputs online, expanded crop marketing options and other information. But this comes at a time of great discussion and controversy regarding data; how it will be collected, privacy concerns, who owns the data and how it will be used?
In any business, including natural resource-based enterprises like farming, fishing and forestry, knowing your costs has always been important. But in today’s world of tight margins, it is imperative. Knowing, and managing, your cost of production is essential to running a profitable operation.
According to mainstream views, the Northeast’s short growing season limits the ability of the region to meet consumer demand for year-round, locally grown produce. However, the rapid emergence of Controlled Environment Agriculture enterprises is challenging this view. Dr. Jie Li and Dr. Miguel Gomez of Cornell University's Dyson School of Applied Economics and Management discuss the growth and economic viability of this emerging system.