Updated: Nov 30, 2020
COVID-19 has been one of the major health stories in medical history, but it’s also had a worldwide economic impact. The effects of the COVID-19 outbreak has affected farmers, migrant workers, food supply chains, food prices, and the agricultural sector in general.
Enhanced focus on Automation
While automation has been in the works for years now, there’s more reason now than ever before for businesses to look into automated processes. In fact, agriculture drone makers have reported increases in sales. With no real timeline for a solution to this pandemic, who knows how much the industry will try to insulate from labor disruptions.
Supply Chain Disruptions
Much like other industries, Coronavirus has had a definite impact on supply chains. This impact includes trade, commodity markets, ag economics, trade deals, risk mitigation strategies, biosecurity, and other ways this pandemic is affecting agricultural economies.
Less Demand for Ag Equipment
According to the U.S. National Association of Manufacturers, 78% of businesses expect negative financial impacts from COVID-19, and 53% are very likely to make operational changes. This is a result of various factors, including labor shortages as a result of sick and quarantined workers. European and Asian countries will experience similar impacts, and this will be felt mostly by agriculture machinery makers and input suppliers.
As shown through data and overall industry sentiment, these are uncertain times in farming and agricultural businesses. All in all, we should all work together to minimize the effects of the COVID-19 pandemic as much as possible. The best way forward is to support farmers by:
- Shopping at local markets
- Choosing organic products
- Joining community efforts
To Learn More Get in Touch!
Micro-Bac International is a biotechnology company specializing in bacterial solutions to wastewater treatment, oil spills, agricultural problems, and more. Contact us at 346-900-4775 or visit our website micro-bac.com.