“5 Trends Set to Define Agriculture in the Second Half of 2023”
With rising input costs, changing weather patterns and the upcoming farm bill, the old ways of doing business may not be working anymore.
Agriculture is undergoing significant challenges and transformation.
Input costs are rising. Weather and harvest patterns are changing. Sales are declining. The way farmers see it: The old way of doing things isn’t working anymore.
In the face of weather issues and market volatility, advanced technologies help farmers maintain profitability in the long-term, but not without upfront costs. Meanwhile, all eyes are on the farm bill as lobbyists push for increased funding for nutrition, crop insurance and climate change mitigation.
Looking ahead to the second half of 2023, the industry is focused on making agriculture sustainable through technology, governmental resources and environment-friendly farming practices — if only it can grin and bear the risks and costs on the horizon.