Sensor technology has become a cornerstone of precision agriculture, offering a wide array of applications that enhance farming efficiency, productivity, and sustainability. By providing real-time data on soil health, crop growth, and environmental conditions, sensors enable farmers to optimize inputs such as water, fertilizers, and pesticides, reducing waste and improving yields. The development of advanced sensors, such as multi-spectral and hyper-spectral imaging, combined with artificial intelligence (AI) and machine learning (ML) algorithms, has revolutionized crop monitoring and disease detection, allowing for timely interventions that prevent significant losses. Additionally, the integration of wireless sensor networks (WSNs) and the Internet of Things (IoT) facilitates the seamless collection and transmission of data, enabling remote and automated farm management. This technology has proven instrumental in addressing the challenges of food security by increasing agricultural productivity and reducing input costs. Sensor technologies also promote sustainable land and water management by improving irrigation efficiency and reducing chemical runoff, thus minimizing environmental impact. Economic benefits are substantial, with farmers experiencing cost savings, increased yields, and higher profitability. Moreover, sensor technology contributes to climate-smart agriculture by improving resource use efficiency and reducing greenhouse gas emissions. However, challenges remain, including the high cost of sensor installation and maintenance, limited accessibility in remote regions, data privacy concerns, and the lack of interoperability between different sensor platforms. The future of sensor technology lies in the development of low-cost, biodegradable sensors, the increased use of autonomous and robotic platforms, and enhanced AI integration for more accurate data interpretation. Expanding the use of sensors in smallholder and developing world agriculture will be crucial for global food security and environmental sustainability, offering a promising path toward a more resilient and efficient agricultural system.