How automation can help farmers make more money

profile picture BookMyCrop Aug 23, 2022

The burden for the agricultural industry is frequently very heavy due to many different measures and procedures. These include keeping an eye on the health of the plants, the wellbeing of the animals, and the state of the soil. Farmers also need to monitor their finances, yields, and the repayment of various agricultural debts. Additionally, the 7.96 billion-person world population has boosted demand for agricultural products globally, adding to the pressure.

In this situation, automation is turning out to be beneficial for farmers. Now that farm management can be automated, greater planning and outcome forecasting are possible. The use of automation in farming can take many different forms, including enhanced bookkeeping, inventory management, and price analysis. All of these lead to increased production and efficiency as well as a maximized yield. This might lead to a rise in interest in financing options for agricultural equipment.

Furthermore, a 70% increase in agricultural production will be required to meet the world's nutritional demands by 2050, when it is predicted that there would be up to 9.7 billion people on the planet. It helps meet a global need for agricultural finance companies.

Adopting automation could result in a considerable boost in farmer revenue. So let's examine the advantages of automation and how it increases farmers revenue.

Advantages of automation in agriculture
Although some farmers might find automation frightening, it has several advantages. Contrary to popular belief, automation actually increases farmers' productivity and efficiency rather than taking away their jobs. Let's look at a few of its advantages:

1. Higher Quality
Implementing automated grading and sorting systems can improve overall quality analysis processes. RPA can reduce errors and speed up response times. Due to RPA's capacity to work with unstructured data, stability can be improved.

2. Increase in productivity
Using automation lessens the need for manual labour. As a result, production processes are nearly continuous. By enabling more farmers to invest in automation, increased access to agricultural finance corporation loans has indirectly raised production.

3. Effective risk management
Continuous task monitoring at scale is made possible by automation, which is efficient and economical. The software maintains excellent data accuracy using AI and ML technologies. As a result, automated tasks are less likely to be made by a human, improving risk management overall.

4. High human performance
Most monotonous jobs can be automated, freeing up personnel to focus entirely on more important farm-related tasks.

How does automation increase agricultural income?
Farmers can increase their income in the following ways with automation:

1. Reduced cost of farming
The cost of agricultural labor is a well-known reality. According to Dr. Kozai and NewBean Capital, labor costs for indoor farming account for between 26% and 40% of total production costs. High costs are exacerbated by the requirement for traditional manual labor and plant science. However, organizations like NAFA have been giving farmers with the necessary financial support to assist them deal with these problems.

Farmers may reduce expenses significantly and increase efficiency by incorporating robotics and automation into their farming practises. With agricultural automation, farmers have the means to better spend their time, devoting less time to mundane operations and more to those that add value.

2. Climate-resilient agriculture
If farmers adopt an automated CRA (Climate-resilient agriculture) strategy, they can still generate money regardless of climate variations. It covers the automated production of livestock and crops in order to exploit the existing natural resources in a sustainable manner. Digital livestock systems use a variety of farming tools, such plantation or sowing equipment, to increase productivity. Furthermore, farmers are better prepared to cope with unfavorable climate events because to the accessible machine purchases made available by agriculture equipment loan options.

3. Solve labor shortage
Farmers report having a difficult time locating competent workers in 38% of cases, while 30% report having trouble swiftly filling temporary labor needs. As a result, lots of farmers are switching to crops that need less labor. The harvest robots, however, make it simple to automate repetitive chores. Thus, with the exceptional labor costs and manpower reduction aiding labor shortage, the farmers would be able to save a significant portion of their income.

In just three days, a strawberry robot harvester could complete the labor of 30 workers and take care of a 25-acre field. Soon, fully autonomous automobiles and farm machinery are anticipated; agricultural finance businesses are prepared to assist farmers in the acquisition and use of such machinery.

To sum up
Even though it is still in its infancy, farm automation has the potential to significantly change agriculture and increase farmer income. Additionally, agricultural equipment finance businesses assist in the widespread adoption of these innovations by offering farmers a range of reasonable agricultural loans. The human element will continue to be crucial in agricultural management even as automated technology advances. However, with automated technology in place, farmers may concentrate on pursuing higher earnings thanks to high productivity levels, improved labor efficiency, and timely task delivery.

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