The paper is devoted to the analysis of problems and the search for ways to develop precision agriculture in the Russian Federation. The study analyzed the current state of precision agriculture and the level of digitalization of agriculture in the Russian Federation. The main problems for the development of precision agriculture in the Russian Federation were identified. The main problems in the development of precision agriculture include the lack of a legal framework governing the handling of data and information, the lack of government measures to support the methods of precision agriculture, etc. As a result of the study, a model for the interaction of factors in the development of precision agriculture was proposed, the implementation of which will accelerate the development of digital rural infrastructure locality, the widespread introduction of innovative technological solutions of precision agriculture, will increase the efficiency of state regulation of the industry and will contribute to the formation of a digital institutional environment in agriculture of the Russian Federation. The study concludes with key findings and results. © 2020 Published under licence by IOP Publishing Ltd.