WSEAS Transactions on Business and Economics
Print ISSN: 1109-9526, E-ISSN: 2224-2899
Volume 22, 2025
Agriculture 4.0 - Opportunities, Challenges, and Current Status in Serbia
Authors: , ,
Abstract: Industry 4.0, or the Fourth Industrial Revolution, is crucial in transforming agriculture, marking a significant turning point for the sector. Information technology enables more efficient agricultural production, alignment between production and technological innovations, and better management of farm markets and pricing policies. The primary objective of this work is to present the concept of Agriculture 4.0, discuss its application areas, and explore potential opportunities. Additionally, this work addresses the current situation and prospects in Serbia's field of study. Key factors for successfully implementing Agriculture 4.0 in Serbia include adapting farm sizes, enhancing farmers' education, improving broadband access, ensuring adequate agricultural funding, gaining support from policymakers, and raising technology awareness through media and institutions, based on secondary data from the Republic Statistical Office and Government of Serbia publications. With digital agricultural tools, which can be used in all farming and livestock systems, it becomes possible to achieve optimization, high precision, real-time information usage, and tailored resource application, thereby creating leverage in agricultural implementations. However, the transformation of the agricultural sector globally and in Serbia is a complex process that requires coordinated efforts from all stakeholders to ensure sustainable development and competitiveness in the global market. Regarding future research, it would be valuable to evaluate the feasibility of implementing this concept at the family farms level and assess farmers' willingness to adopt it.
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Keywords: Agriculture 4.0, Development, Digital Technologies, Serbia, Precision Farming, Sustainable Development
Pages: 699-707
DOI: 10.37394/23207.2025.22.61