With the rapid development of the agricultural machinery industry, the inventory of agricultural machinery reached saturation in 2015, and the production of large and medium-sized agricultural machinery began to gradually recover in 2019. This also indicates that in the coming years, agricultural technology products will gradually enter a period of elimination, replacement, and new purchases, and market demand will be further released.
In March 2021, the "Guiding Opinions on the Implementation of Agricultural Machinery Purchase Subsidies from 2021 to 2023" emphasized the need to achieve a "rise and fall" in the purchase of agricultural machinery, with the subsidy ratio for urgently needed machinery and intelligent, compound, and high-end products increasing from 30% to 35%. It can be seen that the subsidy policy is tilting towards technologically advanced agricultural machinery products, and the future development prospects of intelligent and composite agricultural machinery products are broad.
The promotion and application of intelligent water fertilizer irrigation integrated machine technology have produced huge economic benefits. According to the average test results in various regions, the calculation is as follows:
