We use cookies to track usage and preferences.

How agriculture is changing

agricultural-technology.jpg

Advances in technology, changes in weather patterns and growing environmental and animal welfare concerns are just some of the drivers of changes in agriculture. These market requirements impacting farmers are determined by both different trading conditions and the needs of the customer.

It is vital that the agricultural sector remains innovative and utilises technology where possible to keep up with these changes.

What are some of the possible changes we could expect to see?

  • Biofuel crops

Also known as “energy crops” and including wheat, soybean and corn, these crops are specifically harvested for use as biofuels. A rise in these crops comes as a result of increasing environmental pressures and changes in technology will be needed both in the field and to help regulate crop storage.

  • Automation

As rural broadband and technology improves, the scope for automation in farming processes grows. Models of autonomous tractors have been around for some time but the next decade may bring even more dramatic changes, such as automated crop irrigation systems that react to the weather and crop demands.

  • Precision agriculture

Precision agriculture technologies allow farmers to maximise their yields, by controlling all the variables involved in crop farming that can impact the yield itself. This includes controlling moisture levels, pest threat, soil conditions and micro-climates. These more accurate techniques allow farmers to increase efficiency and better manage costs.

  • A new generation of decision makers

The coming decade is likely to bring a change, from a generation of older farmers to a younger and newer generation. Many decisions, from equipment and supply chains to labour will change in the 2020s, based on the mindsets of this newer generation of decision makers.

  • Livestock technology

Livestock technology can enhance the productivity, welfare and management of animals and livestock on farms. Often called “the connected cow”, more and more dairy herds are being fitted with sensors which allows the monitoring of their health. The wearable sensors can keep track of the animal’s daily activity and alert farmers to any health issues whilst providing data-driven insights.

If you’re looking for new or used agricultural equipment, Paragon offers a variety of flexible agriculture finance options. With the options of both leasing or purchasing, our team has expert knowledge in the complexities of this unique sector and will be happy to help.

View our products

View our competitively priced fixed rate accounts currently available

1 Year 1.30%
AER*
Apply
2 Year 1.35%
AER*
Apply
3 Year 1.37%
AER*
Apply
5 Year 1.40%
AER*
Apply

*AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded on an annual basis.

Paragon Bank PLC is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Registered in England number 05390593. Registered office 51 Homer Road, Solihull, West Midlands B91 3QJ. Paragon Bank PLC is registered on the Financial Services Register under the firm reference number 604551