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CK * Trends: Agriculture 3.0 – into the era of sustainability with AI

Of course, the megatrends of artificial intelligence and digitization are also conquering the production of food. There is a clear need for improvement here, especially with regard to reducing the use of artificial fertilizers or so-called pesticides in the form of herbicides, fungicides or insecticides. But the new precision agriculture can do more and stands for all technical innovations in Agriculture 3.0!

After agriculture experienced its last revolution with the advent of industrial fertilizers, tractors and other field machines just over 70 years ago, the technologies of the 21st century are about to subject the industry to the next disruptive change.

Artificial intelligence and digitization have what it takes to increase the production of food, while at the same time reducing the burden on fields and plants with fertilizers and pesticides and limiting the enormous amount of water used. Even if only a part of the great promises were to come true, this would already be an enormous step forward for modern industrial agriculture, which has good reason for criticism.

Cows grazing comfortably on extensive mountain meadows and fruit and vegetables that are apparently harvested by happy field workers just around the corner in German fields – what the advertising industry wants us to believe could not be further from reality.

The way we currently cultivate our soils is a real overexploitation of nature. Nitrate contaminated soils, pesticide residues in our food, millions of animal suffering and massive water waste are the order of the day.

Circumstances that need to be changed as quickly as possible. Not to mention the thousands of kilometers of transport routes that are accepted just so that we consumers can enjoy bright red strawberries every single day of the year, whether summer or winter.

So the industry would do well to reinvent itself. In the years that follow, fields will become real data pools that – properly evaluated and put into context – will help to make agriculture more effective and at the same time more resource-efficient. The market, dubbed ‘Precision Agriculture’ in the industry, is still young and is enjoying double-digit growth rates. Investor legends like Warren Buffett have therefore taken hold of it for good reason and positioned themselves in the coming future trend.

No less exciting and just as much sought-after by investors, for example, is what is known as vertical farming, in which fruit and vegetables are grown in futuristic high-tech greenhouses. What sounds more like science than agriculture, but is just about to break through, is just one of the exciting topics that Dr. Eike Wenzel prepared for us in this study.

Among other things, Dr. Wenzel in the new study by Cash rate trends also refer to the successors to conventional agricultural machines such as traditional tractors, which are supposed to make field work more efficient and energy-saving – and to the digital agricultural platforms of the future, which will help to manage the sheer flood of data and treat the soil more gently than is currently often the case is.

Modern agriculture has long been in a state of upheaval. Self-propelled harvesters, which are already cultivating thousands of our fields around the world, are just a foretaste of it. Traditional industry giants have also recognized the signs of the times and are preparing for the future of agriculture, which – if implemented correctly – can bring benefits for people, animals and the entire planet. This would definitely be desirable. So join us on this exciting journey. It is worth it!

Your Christof von Wenzl & the team from Cashkurs * Trends

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