Of the industries facing automation, agriculture could see the most upside from robots in the next few years. And the farming robot wave, along with other new agricultural technology, could come even sooner than you think. Loup Ventures managing partner Gene Munster compares this next agricultural revolution to the one seen last century, when new equipment, fertilizers, pesticides and high-yield crop breeds sparked an explosion in farm production around the world. “I think agriculture is the greatest near-term — I define over the next five years — opportunity around robotics and autonomy,” he said. The farming robot is actually just one new technology that will transform the sector. Today’s agricultural technology helps farmers plow and spray crops with greater precision. Now improved automation and big data analytics are joining with farming robot technology, pointing to big benefits.
“I think that this is the next great wave of agricultural productivity,” William Blair analyst Lawrence De Maria told Investor Business Daily. “The implementation of precision agriculture with automation will drive yields and reduce input costs for growers. It could rival the Green Revolution and mechanization as great drivers of agricultural productivity.” Read more