The world population will increase by more than two billion people within the next 30 years. Therefore, the global average food consumption will increase on a global scale by 60-100%. At the same time, climate change and non-negligent land use will cause the destruction of massive amounts of the planet’s fertile soil.
Under these conditions, it is crucial to use technology and innovation as tools for problem-solving. Productivity is growing in the agriculture sector, but is not accompanied by employment growth due to automation and technology. In developed countries, the total number of people employed in agriculture is only 2-3% and this will be reduced by an additional 15-35% in the next 15 years.
According to the World Economic Forum, there are 12 key technologies that will determine the future of the agricultural sector, minimize production losses and reduce resource consumption, whole improving productivity and increasing profits.
The agribusiness must become smarter and utilize less wasteful technologies, big data analytics, the internet of things, blockchain, precision agriculture and renewable energy.
Is the Ukrainian agricultural sector ready for such a challenge? Which primary technologies should we focus on? How do we implement these transformation, while not disrupting existing profitable business models?