Ten tips for agribusinesses: In-licensing or jointly developing business technology

Technology is as important to agribusinesses as their physical resources, the products they produce and services they supply.

In food production, for example, farmers face the daily challenge of producing increased yields, in uncertain conditions, from finite resources, and at a reasonable cost.

Technology often proves to be the difference between success and failure, or at least drives margins: whether it be chemical technologies to increase production, mechanical technologies to improve harvesting efficiencies, or processing technologies to expedite and reduce the cost of the journey from paddock to plate. Primary producers that best address these challenges are likely to have an economic advantage over their competition.