Agriculture Industry is Increasing Efficiencies with Online Auctions

August, 2002


Contrary to its stereotype as an old-fashioned industry, agriculture is in a craze about the same phenomenon as all other industries: e-commerce–specifically auctions. Although online auctions are of peak interest on the Internet, agricultural auctions are in the early stages of development (currently, there is no data enumerating the number of cattle sold online), and like all other industries, agriculture is seeking a more efficient and cost-effective way of doing business. Online auctions and trading posts serve this function.