Large upfront costs.
Lenniy ‘24 [Dmytro Lenniy, Dmytro is an inspiring manager with ten years of experience in IT. He has accumulated rich product experience and applies its best practices to software development outsourcing. Dmytro has found the perfect balance between product and outsourcing strategies to lead AgriTech companies’ solutions to market success. At Intellias, he’s focusing on applying location technologies to the agriculture sector. With a deep understanding of business processes as well as agile and waterfall methodologies, Dmytro is able to adjust workflows in agricultural projects and can quickly grasp business requirements to apply the right technology, 7-1-2024, "AI in Agriculture — The Future of Farming", Intellias, https://intellias.com/artificial-intelligence-in-agriculture/ AKwon]
While AI solutions can be cost-effective in the medium-to-long-term, there’s no escaping the fact that the initial investment can be very expensive. With many farms and agribusinesses struggling financially, adopting AI may be impossible for the time being, especially in the cases of small-scale farmers and those in developing countries. However, the cost of implementing AI farms may drop as technologies develop. Businesses also have the opportunity to explore funding resources such as government grants or private investment.