Farm Equipment Market Expected to Eclipse $126 Billion by 2027

Jul 29, 2022

As agricultural producers begin to invest in new machinery to improve efficiency and sustainability, new research predicts significant growth in the farm equipment market. According to a report conducted by MarketsandMarkets, the farm equipment market is projected to rise in value to $126 billion by 2027. This is a significant increase from the $99.4 billion estimated value recorded in 2021.

In general, the demand for electric and autonomous farming equipment is expected to create more opportunity for the entire farming industry. Partnerships that companies like John Deere continue to establish with developers in this industry are also helping it continue to evolve.

The world’s population is expected to increase to almost 10 billion people by 2050, resulting in increased food demand. Global food demand is predicted to increase by as much as 70% by 2050, leaving agricultural producers to seek new ways to keep up with the surge.

John Deere has already begun establishing the necessary framework to develop more sustainable farm equipment for the future.

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Video: What It Takes to Stop African Swine Fever - Dr. Jishu Shi

In this episode of The Swine it Podcast Show Canada, Dr. Jishu Shi, Professor of Vaccine Immunology at Kansas State University, discusses African swine fever prevention and vaccine development. He explains why ASF differs from classical swine fever and swine influenza, how the disease threatens trade and pork production, why immunization safety remains a critical hurdle, and what producers can do now to reduce the risk of introduction. Listen now on all major platforms!

"Before a safe and efficacious vaccine for ASF can be commercialized, what we really have is prevention."

Meet the guest: Dr. Jishu Shi is Professor of Vaccine Immunology and the Dr. Wayne & Hilda Appleton Endowed Professor at Kansas State University’s College of Veterinary Medicine. He directs the Center on Biologics Development and Evaluation and the U.S.-China Center for Animal Health. A veterinarian and vaccine immunologist, Dr. Shi has focused on vaccines for pigs and has worked on African swine fever vaccine development, control, diagnostics, and international training since 2018. Learn more from Dr. Jishu Shi on The Swine it Podcast Show Canada, available on all major platforms.