Between 2013 and 2016, net income for farmers and ranchers dropped 45%, the largest three-year drop since the start of the Great Depression, according to the USDA.
Farmers face “incredible financial, legal and emotional stress,” according to Farmaid. Their businesses are affected by weather, disease, pests, prices and interest rates, which are beyond their control.
One possible solution: technology.
Eight-five percent of U.S. farmers are turning towards technology and 62% are already using apps in day-to-day farming operations, according to Ag America Lending, one of the largest non-bank agricultural lenders in the U.S.
https://www.ciodive.com/news/farm-agriculture-technology-ibm-microsoft/568081/
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