In coming weeks, we’ll dig into different sectors within this MegaTrend to show how broad and deep “agritech” is becoming to the global economy.

First, let’s wrap our heads around how we’re already seeing technology change our food production.

As you can see below, post-pandemic farmers in the US are seeing solid growth in both net farm income and net cash farm income. The former is more helpful when weighing the impact of inflation on the sector.

This trend is getting traction beyond US borders. More densely populated nations with less arable land are enthusiastically embracing agritech even faster than the US.

It’s also not too surprising to see that the regions that are embracing quickly are those that also have grown their tech sector the fastest and have the strongest global economies.

As the chart above shows, we’re already using the first wave of technology that has been adapted for agriculture, or is directly focused on reengineering our food supply.

It’s the next generation of these technologies that will add even more depth and breadth to Agriculture 4.0 and transform how we farm and deliver food locally, as well as globally.

There will be a number of Ag MegaTrend winners in this space.

Some will be existing dominant, innovative companies from the sector, like Deere (NYSE:DE), Xylem (NYSE:XYL), and Archer Daniels Midland (NYSE:ADM).

There will be tech companies that will see the sector as a new opportunity to offer their services. Here you can think of drone makers, like AeroVironment (NASDAQ:AVAV).

There will also be major chemical and fertilizer companies involved, like Bunge (NYSE:BG), Scotts Miracle-Gro (NYSE:SMG), and Nutrien (NYSE:NTR).

On the medical side, companies like Zoetis (NYSE:ZTS) and IDEXX Labs (NASDAQ:IDXX) will certainly be leading the pack.