Agriculture touches everyone’s life like few other industries. Since food and water are basic necessities, farming is central to every nation’s well-being. In today’s environment, modern farming faces many challenges. This report will concentrate on a few examples that highlight the need for change in the agricultural industry.
Some 83 million people are born in the world each year, despite falling global fertility rates. The amount of arable and productive land per person by 2050 would equal only a quarter of the total available land in 1960. Land degradation will threaten the existence of about 3.2 billion people by 2050.
Farmers, as the original custodians of the land, understand these challenges well. Agriculture, and with it the world, clearly has a burning problem. Change is needed. If industry participants do not react in time to these challenges, they will face increased activist pressure and regulatory action. Of course, there is no silver bullet to address the challenges we face.
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