New technology is accelerating the pace of change in all areas of the economy, including agriculture.
Marty Seymour is the Director, Industry and Stakeholder Relations with Farm Credit Canada (FCC). He was one of the speaker at the Saskatoon Regional Economic Development Authority (SREDA) annual economic forum on Thursday.
"I think about all of the opportunites from data management to robotics to genomics. Saskatoon and this part of Canada is a really good spot to develop some of those innovations."
Seymour says it will be essential to find the people to interpret and make sense of all of the data being produced.
New technology will also allow farmers to reduce input costs and help the environment.
"So we are only using it on parts of the field that truly need the treatment. Maybe that's on pesticide or weed management. There is also some really forward stuff coming out of Europe using lasers to pinpoint weeds in rows of carrots"
Blockchain technology has gained attention as a cryptocurrency, with bitcoin as the most prominent example. Seymour believes blockchain has potential in the area of food traceability and safety.
"I see us investing more in traceability techniques and tools. Offering more transparency in the system. I think blockchain from a food traceability standpoint is the next conversation that is going to happen over the next two to five years."
Seymour adds sensors, robotics and gene editing will also play a growing role in future food production.