The EU Green Deal is the key new growth strategy for the EU to move the EU economy toward a sustainable economic model. The main goal of the EU Green Deal, which was unveiled in December 2019, is for the EU to achieve climate neutrality as the first continent by 2050. This would lead to a cleaner environment, more cheap energy, smarter mobility, new jobs, and an overall higher standard of living. In this report, the impact of the EU Green Deal’s policies on the agriculture sector has been analyzed. This majorly discusses the impact on the smart agriculture market of the countries that are major importers of agricultural goods from the EU. The impact analysis highlights the challenges and opportunities that would be open for the subsequent smart agriculture industry in the country, accounting for the scenario when the EU Green Deal would be fully implemented.
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The EU Green Deal represents a comprehensive and ambitious strategy aimed at achieving climate neutrality and promoting sustainable economic growth. Agriculture, as a significant contributor to greenhouse gas emissions and environmental degradation, plays a crucial role in this transformative agenda. The EU Green Deal in agriculture focuses on fostering sustainable farming practices, enhancing biodiversity, mitigating climate change impacts, and ensuring food security. This essay delves into the key components and potential benefits of the EU Green Deal in agriculture, highlighting its potential to revolutionize the sector and pave the way toward sustainable and resilient food systems.
Many players involved in the value chain of agriculture have widened their scope to include smart farming or digital agriculture solutions to support the EU Green Deal commitment and improve their business prospects. The EU Green Deal sets forth an ambitious roadmap for a sustainable and climate-neutral Europe. Within the agricultural sector, precision farming companies play a pivotal role in driving innovation and technological advancements that support sustainable and efficient farming practices.
Farmers are particularly important players in making progress toward the EU's sustainability goals. As they own much of Europe's farmland, their actions will have far-reaching consequences for how the region uses resources today and in the future. This includes reducing harmful inputs such as fertilizers and pesticides.
Organic farming is a holistic approach that focuses on maintaining healthy soil through limited tillage, composting, and other natural methods without the use of synthetic fertilizers or pesticides. It also promotes greater diversity in cultivated plant varieties and domesticated animal breeds, thereby increasing long-term resilience to the impacts of climate change. Organic farming also plays an important role here, which reduces the consumption of pesticides compared to traditional farming methods.
Smart agriculture companies can play a crucial role in helping the EU to achieve its sustainability goals by reducing environmental impact, improving resource efficiency, supporting biodiversity, and enhancing food security. Smart farming techniques will reduce greenhouse gas emissions by using fewer or site-specific inputs such as fertilizers and pesticides. Escape from closed technologies and practices with strong market segmentation and polarization is possible due to smart agriculture. Diversification of technologies provides opportunities for sustainable agriculture in non-EU countries through cooperation between all stakeholders of animal production and the crop farming sector. The purpose of promoting and supporting the responsible use of information and communications technology (ICT) technology cannot be achieved with a single policy. Rather, the aim is to identify key issues or hazards to the use of the technology and to select the most appropriate ones in non-EU countries.
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The Ukraine-Russia crisis has damaged infrastructure, including roads, bridges, and pipelines necessary for the transport and distribution of agricultural products. The outage makes it harder and more expensive for farmers to get produce and disrupts the supply chain. In addition, the conflict has caused many people to emigrate as many people leave the conflict zone and move to other parts of the country or to other countries. This created labor shortages in agriculture and made it difficult for farmers to find workers to treat their crops and livestock. In addition, the conflict destabilized the Ukrainian economy and affected agriculture.
Considering the global scenario, examining the potential direct effects of Green Deal criteria on agricultural production and commerce is the first step in assessing the trade repercussions. Environmental, climatic, and animal welfare norms and criteria that differ from one another can lead to variations in production costs, which affect the farmers in developing countries to compete with those in the EU. Up until this point, manufacturing cost disparities resulting from different production standards between EU companies and other countries globally have been minor, at least in comparison to the numerous other factors that affect global competitiveness.
On the other hand, the Green Deal provides opportunities for collaboration between smart farming companies, research institutions, and policymakers from across the globe to drive further innovation and knowledge exchange. This collaboration fosters the development of new solutions, improves the scalability and accessibility of smart farming technologies, and strengthens the competitiveness of smart farming companies in the global smart agriculture market. In addition to this, the EU Green Deal places a strong focus on mitigating climate change and adapting to its impacts. Smart farming companies contribute significantly to these efforts by enabling farmers to adopt climate-smart practices. Through smart monitoring and data-driven decision-making, these companies help farmers optimize irrigation, reduce greenhouse gas emissions, and enhance carbon sequestration in agricultural soils.
