Discussions on the future competitiveness of European agriculture often return to the role of capital. Investment in modern equipment, digital technologies, and precision farming systems is widely regarded as essential to sustain productivity growth and to meet new environmental and market challenges. While the Draghi report on EU competitiveness did not directly address the agriculture and food sector, questions are increasingly asked about whether the current pace and composition of investment are adequate, and whether capital is being used efficiently within the sector. These questions are particularly relevant as structural change continues, with a declining labour force and a growing reliance on technological and digital solutions.… Read the rest
The role of capital in agricultural productivity growth
