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Your last sentence doesn't make sense. You would expect yield to go up if ag tech is efficiënt. Profit going down is a sign of organisational change.
by jiggywiggy 4y ago
Your last sentence doesn't make sense. You would expect yield to go up if ag tech is efficiënt. Profit going down is a sign of organisational change.
- SoftTalker 4y agoFor commodity products, profit always trends to zero.
- jefftk 4y agoBecoming more efficient tells you that yield is going up. It doesn't tell you anything about profit: that depends on the market.
- comfypotato 4y agoNo, efficient technology will reduce profits to nothing and eliminate an industry/role entirely in some cases.