A lack of knowledge about agri-tech is holding farmers in the UK back when it comes to implementing agri-tech in their businesses, according to a survey by rural insurers NFU Mutual.
The survey of around 400 farmers found almost half (46.2%) felt they didn’t know enough about agri-tech, while lack of access to finance was holding back almost a third from investing (29.8%).
Uncertainty about the future (17.1%) and supply chain difficulties (6.8%) were also cited as reasons farmers were reluctant to invest.
Conducted to accompany NFU Mutual’s 2022 Agri-tech Report, the Twitter survey also revealed that just under half of survey responders (46.9%) would consider using autonomous agricultural vehicles on their farm.
Meanwhile 13.9% of 439 voters said they were planning to invest in agri-tech this year.
Charlie Yorke, NFU Mutual farm insurance specialist said: “Technology is set to revolutionise farming, increase productivity and help move UK agriculture towards its goal of being carbon neutral by 2040.
“While many farmers are open to using technology, lack of understanding of new technologies and the investment they entail, means they are hesitating to take the plunge.
“Understandably, there’s a real fear amongst farmers that they could make the wrong tech-choice for their farm and end up with an expensive system that becomes outdated quickly.”
To make the right investment, Mr Yorke said farmers need to work closely with system suppliers, leading agricultural colleges, and other farmers to make sure they make the best decisions for their business.
“Holding back runs the risk of falling behind as global competition increases and UK farming support changes,” he added.
NFU Mutual advice for farmers contemplating agri-tech investment
- Review the farm’s long-term strategy and then identify how technology and the use of detailed data could help you achieve your goals
- Explore technology systems which integrate not only with your farm’s activities but also your supply chain
- Keep up to date with developments and ensure you have the management skills to adopt technology and successfully master the opportunities
- Consider working with other farms, as cooperation can help achieve economies of scale both in the use of new technology and the adoption of farmer-friendly supply chains
- Understand the potential risks and knock-on effects that new technology can cause and the solutions to mitigate these
