Most of us are aware of the trend in autonomous vehicles. Tesla, GM Cruz, and several others. But in some instances we already have self-driving vehicles. Caterpillar has a 250-ton self-driving dump truck for use at industrial mining operations, already in use. But there are other areas where self-driving is coming of age, and that is agriculture. Consider DE and AGGO:
I already have a stake in FPI to play the food industry. I started a stake in DE yesterday and adding AGCO today, both as food plays but also robotics plays.
Immigration (legal and otherwise) is an important part of our food production. I know of farmers in north Texas who both despise illegal immigration and also employ (willingly) illegal immigrants. It’s a conundrum for sure. Block the illegal immigrants or stop them from working our farms and you’ll see food inflation that makes what we have now look like a discount. One solution to that is to simply need fewer farm workers, and automation is one way to get there.