Suggested by Micki Seibel over 3 years ago

This shift to electrification is the key theme of the automotive sector. While only 1% of autos sold in the world in 2017 were electric, every automaker had them as the future of their product lines. With structural shifts in the energy sector to renewable energy and and electrification of the automotive/transportation industry gaining critical mass, companies that make agricultural equipment rely on fossil fuels. None of the big makers--John Deere, Case New Holland, etc.--are taking it up any serious way. The heavy reliance on fossil fuels on the farm is a threat to global food security.

The problem with fossil fuels is not scarcity; it's stranded assets. Oil and gas companies hold more than 5 times the amount of fuel in reserve than the world can afford to burn by 2050! Fuel reserves, usually held as assets on the balance sheet, suddenly look like stranded assets that are overvalued.

With the energy sector rapidly converting to renewables, electricity will get cheaper. Fossil fuels will become expensive. We all need to eat, and our current agriculture system is not ready for this shift. As an industry, Agriculture is the most reliant on fossil fuels and the most sensitive to energy price changes. (Source: USDA)

https://www.ers.usda.gov/amber-waves/2017/june/the-relationship-between-energy-prices-and-food-related-energy-use-in-the-united-states/