The inflation of prices in the agriculture and food commodity market directly impacts the income of farmers, which is flexible in nature, as it depends on the amount of produce sold. An increase in the price of inputs for the farmer leads to an overall increase in the price of commodities sold. Even with government subsidies and low import duties, the use of costly inputs in agriculture eventually reflects in the final agricultural commodity.
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After the global ripple effect of the economic meltdown in the U.S. in 2008, there was a spike in food prices in most countries, and food price index stood at XX% more than 2007. As of 2017, the food price inflation has gradually normalized and recovered from the global shocks and stood at 3.6%, while only the Africa region showed an increase in inflation from XX% in 2013 to XX% in 2017. With normalizing inflation rates, if capital intensive technology such as robotics is inculcated in agriculture, the overall cost of inputs is expected to increase, leading to a trickle-down effect on the prices of final food commodities.
Rather than using robotics in farming, the most crucial decision lies in what kind of technology to invest in and which robot would be best suited for a particular size of farm and related operations. These reasons hinder farmers from taking up agricultural robots even with availability of abundant resources. An end-to-end support for farmers is missing from the infrastructure in many countries. It requires a combined effort from the government as well as the firms involved in smart farming to educate the farmers about these technologies and help them in making a much-needed switch from traditional practices.
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