Agriculture News

Agriculture Industry Is Next to Transform

Agriculture Industry Is Next to Transform

It’s hard to believe electric cars were still considered the piece of science fiction as little as 13 years ago.

As documented in the 2006 movie Who Killed the Electric Car, the tech needed for battery-powered electric cars has been around for almost 100 years. Well, in the current scenario, popular opinion held that EVs would never make it to the mainstream. At highest, they’d be slow, costly, impractical vehicles for those willing to compromise on power, velocity, and convenience for the sake of sustainability.

Then Tesla Motors burst onto the scene. Its Roadster wasn’t just the first high-performance electrical automobile to capture the attention of the lots; it jump-started a commercial market anticipated to reach $567 billion by 2025. With nearly every leading car manufacturer now producing EVs, Tesla did what many thinks was impossible: jolt a standard trade out of inertia and show the sustainable choice might additionally carry out powerfully and be the piece of desire, not of compromise.

The coming industry in line for a technology transformation will be food and agriculture. Sure, as recently as 2016, farming ranked dead last in terms of adopting digital technologies. However today it’s drawing outsized interest from investors who see a clear and pressing need to bring agriculture into the future. Funding in AgTech companies reached $16.9 BN in 2018, up 43% from the previous year. Even leaders like Kimbal Musk (Elon’s brother) and Bill Gates are getting in on the AgTech game, investing and driving solutions for sustainability.

About the author

Marion Hartnett

Marion Hartnett

Marion is leading of the agriculture column. He has a vast knowledge about the agrarian economy of the world and knows a lot about the processing industry. This hands-on experience of him has enhanced the quality of his articles, and hence, it enables a better ripple in the readers’ mind. He focuses in his work every time he is assigned a project, and his depth of concentration is immovable.

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