According to experts, the widespread introduction of artificial intelligence in the agricultural sector can increase operating profit by about $6 billion per year.
Experts are confident that the use of AI in Russian agriculture will increase every year.
At the same time, in the short term, such a transition can bring a very significant economic effect. For example, in crop production and livestock farming, the total profit of companies can increase by about $3 billion per year, the same can be said about the creation of means of production and fertilizers.
We are talking about the introduction of a fairly wide range of tools in those areas of the agro-industrial complex where they can prove themselves almost immediately after the start of use.
For example, analysts are confident that AI can increase plant yields, reduce labor costs, and speed up the execution of many types of work.
“The effect is achieved by reducing costs for labor, consumables and means of production, as well as a gradual increase in specific outputs,” explain the authors of the study “Artificial Intelligence in the Russian Agro-Industrial Complex: A Temporary Trend or Real Money?”
Thus, AI will help enterprises to increase their revenue on the one hand, and reduce costs on the other.
However, experts note that the development and implementation of any technologies in the field of artificial intelligence require large expenses. Therefore, serious problems with its application may currently arise in Russia.
The high Central Bank rate does not help companies to attract loans for investment in their own development, and the lack of qualified personnel further exacerbates the existing problem.
Another noticeable difficulty for agribusiness has become the recycling fee on agricultural machinery, recently introduced by the government. All this increases costs and reduces profits, and import substitution in the agricultural sector itself is very expensive for most entities.
The result may be that the introduction of advanced technologies risks affecting only the largest players in the market, who have their own funds and who, moreover, are ready to pay high salaries to their employees, experts believe.
However, reducing regulatory barriers and increasing access to financing for all companies could be an effective way to overcome the difficult situation that currently exists.
