Satellite data has become an integral part of modern agricultural management to keep track of crop progress. Some satellite data, however, also can foretell how a crop will perform in the future, offering valuable insights to a wide range of industry players.
NDVI is probably the most important of the satellite data. By reading infrared light waves reflected from plants, NDVI can signal stresses to plant health, such as oncoming drought, as much as two weeks before problems are visible to the naked eye. Many agricultural industry participants can benefit from such advance alerts. Farmers can increase irrigation or add crop protection to forestall a pest infestation. And physical traders, processors, and food and beverage companies could seek out alternative supplies, or hedge their positions.