The Future of Farming Technology Agriculture 4.0 was published by the World Government Summit and Oliver Wyman at the 2018 event. The pressure of demographics, scarcity of natural resources, and climate change (and food waste) directly impact Agriculture.
According to the analysis, In 2050, we’ll need to produce 70% more food to meet rising demand. In the meantime, agriculture’s contribution to global GDP has fallen to barely 3%, a third of what it was just a few decades earlier. Around the world, there are about 800 million hungry people. According to the United Nations, If the condition remains the same, 8% of the global population (or 650 million people) will still be malnourished by 2030. Food scarcity and hunger will continue to be a problem for the foreseeable future, as there has been little innovation in the industry in the last few years.
Governments, investors, and new agricultural technologies will have to work together to overcome these issues. It will no longer be necessary to distribute water, fertilizer, and pesticides consistently across the entire field in the future of agriculture 4.0. As a result, farmers will only harvest what is necessary and focus their efforts on specific locations.
According to the paper, sensors, gadgets, machines, and information technology will all play significant roles in how they will conduct farms and agricultural operations in the future. Robots, temperature and moisture sensors, aerial photographs, and GPS technology will all be used in the future in agriculture. Precision agriculture and robotics will enable farms to be more profitable, efficient, safe, and environmentally friendly, thanks to these cutting-edge technologies and systems.
Governments have a vital role in addressing the problem of food scarcity. More than their conventional regulatory and facilitative function, they must take on a more prominent place in society.
· – Governments can benefit from such a program by challenging the usual legacy model
· – Reducing food imports and ensuring food security are important goals.
· – Learn to become a net exporter of intellectual property (IP) and new solutions, not just things.
· – Boost productivity and assist in the transformation to a knowledge-based economy by increasing output.