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Nearly every industry in the United States has faced labor challenges in recent years, and farming is not an exception. Today's agriculture producers are embracing cutting-edge technology and one of the most exciting advancements is Robotics as a Service (RaaS).
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Each year, we spend some time researching the latest trends in agriculture and food production that we believe will gain the most attention and traction with investors. Despite some slow down in the economy, we anticipate that 2023 will be another strong year for investments in agriculture across all segments. Below are a few areas we see as attractive to investors wishing to diversify their portfolios in agriculture.
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Labor shortages and wage inflation are impacting the bottom line of nearly every industry, and agriculture is no exception. Despite continued automation in the industry, agriculture remains a labor-intensive business, with key tasks including planting, weeding, thinning, harvesting, and product transportation across the supply chain. Over the past few decades, the number of people working on farms has decreased by 70% across both family and hired farm workers, exacerbating the problem.
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