An economist says lenders are working with more farmers who want to use robotic technology.
Economist Tanner Ehmke with CoBank tells Brownfield if a farmer has been considering a move to robotics, the math has suddenly changed and its cash flow picture looks better than before. “Maybe they’re paying twenty, twenty-two, or twenty-three dollars an hour, and since the math has changed, or perhaps they’re forced into this situation of trying to find alternatives to labor, the robotics start to pencil in a lot faster.