Farm machinery is getting more high-tech and more automated all the time, due in part ot climate change.
Technological improvements from boosting crop yields to data-tracking systems will be required in coming decades as companies adapt to shifts in weather patterns, according to BMI Research. That may increasingly push agribusiness companies, especially grain handlers and input firms, into acquiring agritech startups.
“The rise of agtech use and ‘precision agriculture’ will benefit or disrupt a number of operations and businesses in the process,” the company said in a report Tuesday.
Farmers and businesses around the world are poised to feel the impact of climate change as supplies get disrupted and farmland and yields come under pressure. At the same time, agriculture, one of the largest sources of gas emissions, will face action from regulators targeting livestock and soil management.