Innovation and Utility
Hello!
As a first post I am going to keep this fairly concise. A major focus of my agriculture posts will be to identify where the digital progression is at, specifically from the standpoint of the Carlota Perez technology cycle. Overall, I will be focused on posing unanswered, but important questions based on various frameworks and then attempt to answer them.
https://hackernoon.com/why-blockchain-differs-from-traditional-technology-life-cycles-95f0deabdf85
Golden ages of new technologies are often born out of crisis. Has agriculture had it’s major crisis to alter the landscape, or have we entered a new normal of incremental progress? Viewing the chart of Corn prices below provokes interesting questions, did the price spike and associated gross margins set off an irruption period of new technology investment? Alternatively it may represent the end of the frenzy period that has agriculture in a seemingly never-ending turning point phase.
https://www.macrotrends.net/2532/corn-prices-historical-chart-data
Farmers are unrivaled in their ability to adapt to new macro situations, which is the driving factor in the family farms continued existence despite having virtually no global structural benefits to a farm.
Did this adaptation (instead of fundamental restructuring) stunt the industry’s ability to move forward into the deployment period? During deployment we would expect to see the industry “cross the chasm” and adopt these new products, unleashing a golden age of productivity for the industry while the laggards exit from the market.
In the following posts, I will lay out my analysis as I attempt to answer these questions and more.