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“Sharing Technology Is The Only Way The Industry Will Grow”
Lack of this might lead to farmers being susceptible to misleading information, using ineffective technologies, which I’ve seen many people suffering from.
“There is a lack of know-how amongst farmers to apply those techniques in a successful way,” says Joe Swartz, Vice president and Lead horticulturalists at AmHydro. In every situation, according to Joe, from geography to the skill of the grower or climate control, all play into what types of technology should be used. This requires a lot of experience and knowledge. Lack of this might lead to farmers being susceptible to misleading information, using ineffective technologies, which I’ve seen many people suffering from.
Joe adds, “Watching many good growers that have been led down a bad path in the industry, while investing so much into technologies that are not really effective, really breaks my heart. While providers know that they aren’t effective in this particular situation. With many years of industry experience, Joe is well aware of the challenges that the industry faces these days. Within the aquaponics sector there is not one singular technology, just as in conventional farming, rather various unique technologies can be combined for different outcomes.
Lack of know-how
When asked about the kind of growers that Joe educates, he notes that there are two kinds of growers contacting him. “We have two types of growers: either growers facing challenges or new growers wanting equipment and knowledge. Both of those approaches are interesting and it’s great to be able to help them become successful. It is great to see our system helping companies to grow and develop and become a worldwide provider. Growers like that keep coming back to us. They are the ones that move the industry”.
Joe Swartz, Vice president
An essential part of being a vertical farmer, in Joe’s opinion, is having experience with working on the ground floor. Only this will teach you what it takes to manage the equipment, crops and technology. “The best growers have started in the greenhouse. Hydro-experts will get nowhere with their college degree alone,” Joe states. For that reason, AmHydro offers grower seminars and even possesses a commercial greenhouse where growers can work in order to gain experience. “Some growers don’t think that they need it as they rely on technology, but my experience is exactly the opposite.”
Fake promises
Joe observes similar trends as in the 1980s when certain technologies were promoted as ‘the farming of the future’. People talked about automatic farming, in which no farmer would be needed, new techniques and new lightings. All things we hear today were said back then. What happened afterward, according to Joe, was that some techniques turned out disappointing. Millions of dollars invested were lost, leading to the industry losing its credibility.
“As a result, investors only valid projects that already have a positive cash flow, as they have become more cautious. Some growers struggled to get funding, even though they had a viable business model. In a certain way, negative events have closed off some appetite for investments in CEA, which is a shame. It is a good investment in general, but every time we see a less than a reputable company or a technology that fails, it holds the industry back.”
Misconception
Related to that, Joe says that vertical farming still has to overcome a somewhat negative public image. “The traditional consumer, at least in the USA, have an image of farmers working on the land using sustainable methods. Now, being a conventional farmer using hydroponics I know that it is a sustainable and safe way to produce food, but there’s a public perception of automatization, as robotic food. Some people even call it “Frankenfood”. In my opinion, the more we can promote CEA as what it is, sustainable growing techniques, people will be more accepting and investors will invest more easily”.
Joe strongly senses that the vertical farming industry needs more skilled farmers and growers to meet the demand. “A lot of my work is actually training people. We want to help especially young people, new to the industry, by giving them skills, experience and knowledge. I have been blessed to have mentors when I was young and I try my best to pass that knowledge as this will help the industry along. That’s one of the reasons why we now see some consultancy firms who see economic opportunities. Sharing technology is the only way in which the industry will grow,” says Joe.
“Despite the diversity amongst growers that I meet in over 66 countries, all growers face similar problems. Funny tech flitches, pipes that break and spray water all over the greenhouse, or water pumps that break down. It doesn’t matter whether it’s a technologically advanced greenhouse or a small low-tech one. It kind of goes across the board,” says Joe laughing.
For more information:
AmHydro
Joe Swartz, Vice president and Lead horticulturalist
joe@amhydro.com
www.amhydro.com
Author: Rebekka Boekhout
© VerticalFarmDaily.com
International Webinar On Urban Farming - Soilless Cultivation
27th January 2021, between 9 am to 1 pm IST
organised by the
Department of Botany, Sri Venkateswara University, Tirupati, Andhra Pradesh, INDIA
in collaboration with
Universitas Bengkulu, Indonesia
Universiti Malaysia Kelantan, Malaysia
Industrial Technology Institute (CISIR), Sri Lanka
With the support of
CropG1 ,dFarms USA, Hydrilla, SAM Agro Biotech, SRC Malaysia, Sujay Biotech, Veggitech UAE and Urban Kisaan
on 27th January 2021, between 9 am to 1 pm IST.
Speakers are
1. A perspective of Hydroponics by Mr Vijay Bhaskar Noti, dFarm Inc., USA
2. Sustainable Farming with Multiloop Aquaponics by Mrs Mamatha, Hydrilla
3. Aeroponics: A versatile research tool in modern Agriculture by Dr Jagadeesh, SAM Agro Biotech
4. Diversity in Hydroponics by Prof. G. Sudarsanam, Sri Venkateswara University
5. Application of ARBUSCULAR MYCORRHIZAL FUNGI In Hydroponics and Aeroponics by Dr M. Lakshmi Prasad, Sujay Biotech
6. Hydroponics Scope and Opportunities by Bhaskar Rao, VeggiTech, UAE
7. Plant Health in Soilless Cultivation: Management of Deficiencies, Diseases and Pests By Dr Purushottam Dewang, CropG1
8. Hydroponic Urban Farming in Malaysia under MITRA by Chandrasekar, Sai Ram Capital, Malaysia
9. Entrepreneurship in Urban Farming by Dr P. Sairam, Urban Kisaan
Please fill Free Registration form and submit using the following link
https://forms.gle/52WaVECrqpEFQh4w8
*eCertificates & webinar link will be provided to the registered participants only
*Organisers are not responsible for network failures
For more information please contact
Prof.G.Sudarsanam
Convener of the Webinar
Head, Department of Botany
Sri Venkateswara University
Tirupati -517503
E-mail: sudarsanamg@gmail.com
WhatsApp: +91-9989053632
Agtech Attracts Celebrities
Food and farming are attracting celebrity investment including from Meghan Markle, Oprah, and Katy Perry to name a few
January 3, 2021
Amy Wu Contributor
I report and write about food, farms, and farm tech.
Food and farming are attracting celebrity investment including from Meghan Markle, Oprah, and Katy Perry to name a few.
While food and farming are increasingly in the limelight in part driven by the pandemic. COVID-19 has catapulted food and farming to the forefront of the minds of ordinary folks who have had first-hand experiences related to food shortage, food supply, and food safety surfaced.
Now the sector has piqued the interest of investors too including celebrities.
In 2020 there was a steady stream of investments in a sector that has traditionally struggled to attract investors especially venture capitalists who seek fast returns.
Agtech has seen robust investment in recent years. Growers are increasingly seeking solutions for challenges including a severe labor shortage and water and land management issues, and open to adopting innovations that increase yield and efficiency.
A growing number of investors are also banking on companies that support sustainability and promote conservation. In 2020, venture capitalists invested $4 billion in startups in the agtech space, according to Crunchbase a research company. This is up significantly from the $2.8 billion that venture capital investors placed in agtech startups across the globe in 2019.
Little surprise that public figures are jumping on the bandwagon too.
“Celebrities have access to tech thought leaders and see what they are excited about and want to be in on the new trend,” says Jaleh Daie an entrepreneur and seed investor with a focus on agtech. Daie observes that the agrifood tech sector is climbing and has yet to see its peak.
Pam Marrone, the founder of Marrone Bio Innovations and investor in agtech start-ups, notes: “More than ever, consumers care about how their food is produced and processed. Celebrities are tuned into this trend and see that they can help shift us along to a more transparent and sustainable food system that reduces food waste and improves people’s health.”
Below are a few high profile investments by household personalities in 2020:
Meghan Markle invested in Clevr Brands a Santa Barbara, California-based company that specializes in instant oat milk latte. The company, led by CEO and founder Hannah Mendoza, asserts that its products are green-friendly and ethically sourced.
Meghan Markle (Photo by Max Mumby/Indigo/Getty Images)
Oprah Winfrey and Katy Perry invested in Apeel Sciences a California-based foodtech company that produces coasting for fruit that is edible. Among her various properties, Winfrey also owns and lives on a farm.
Perry, Serena Williams, and Jay-Z invested in Impossible Foods a company in Redwood City, California that develops plant-based substitutes in lieu of meat.
Finally, tech magnates Bill Gates the founder of Microsoft, and Eric Schmidt the former CEO of Google have been expanding their investment in agtech. In 2020 Microsoft announced that it had launched Azure, a suite of tch tools and resources to help agtech start-ups in India. The Schmidt Family Foundation made food and agriculture one of the four areas of investment.
A visitor takes a picture of vegetables growing under artificial light on a Grow Stack vertical farm at the 2019 RHS Chelsea Flower Show in London on May 20, 2019. (Photo by Daniel Leal-Olivas/AFP via Getty Images)
Coming in 2021
Marrone forecasts that agtech and food tech will continue gaining momentum in 2021 when it comes to interest and investment. Consumers are becoming more focused on eating healthier and interested in where their food comes from. On a global scale, there is a growing interest in food supply chain transparency through blockchain technology.
Vertical farms and indoor agriculture, plant-based protein substitutes, and companies tackling food waste attract significant attention.
“There is a burgeoning startup ecosystem of B2B agbio and agtech companies getting funded that are focusing on tackling the problems and inefficiencies of chemical fertilizers and pesticides,” Marrone says.
I am award-winning writer and documentary filmmaker for the women’s ag and agtech movement, and previously covered agriculture for The Californian in Salinas, Calif. I am also the founder of From Farms to Incubators, an online platform that profiles minority women entrepreneurs in agtech and includes an award-winning documentary that has screened at SXSW and Techonomy. I have over 24 years of experience working as an investigative journalist including at Time magazine, the USA Today Network, and The Deal. I earned my master’s degree in journalism from Columbia University.
Lead photo: FUJI CITY, JAPAN - A worker inspects lettuce plants at the hi-tech Innovatus farm. Sensors collect information on all the factors that affect the development of plants. (Photo by Jonas Gratzer/LightRocket via Getty Images)
Terramera Deploys New Industry-Leading Technology To Speed Discovery of Sustainable Crop Solutions For Farmers
New customized growth chambers and liquid handling robot already delivering better, faster research results
December 3, 2020
New customized growth chambers and liquid handling robot already delivering better, faster research results
Where many crop protection products fail in the field because testing doesn’t accurately replicate on-farm conditions, Terramera’s new growth chambers are customized to simulate wide-ranging weather as climate change leads to even more extreme conditions for farmers
Fully automated and uniquely retrofitted for experimental use, Terramera’s growth chambers will reduce the trial time from weeks to days while strengthening the connection between the lab and the farm and paving the way for the future of food
New liquid handling robot, “Enzing,” is a best-in-class design that is rapidly screening active ingredients with Terramera’s Actigate™ technology
VANCOUVER, BC – December 3, 2020 – Terramera, the global agtech leader fusing science, nature, and artificial intelligence to transform how food is grown and the economics of agriculture, today announced the launch of six custom, state-of-the-art plant growth chambers, showcasing Terramera’s industry-leading technological capabilities and redefining indoor agriculture’s contribution to field-based production.
Many crop protection products fail in the field because labs and greenhouses do not accurately replicate real-world conditions. Each chamber offers precise control over temperature (ranging from 5 to 40 degrees Celsius), humidity, and light to simulate many possible field conditions, from cool nights and morning mists to desert and subtropical conditions, and will be outfitted with a Terramera-built automation system for end-to-end integration. Automation will enable experiments to run entirely without human intervention including watering, spraying, nutrient dosing, and imaging of the plants throughout their lifecycle, dramatically accelerating data collection for product performance and increasing accuracy with Terramera’s industry-leading Artificial Intelligence (AI) and Machine Learning (ML) platform.
“Customized growth chambers allow us to simulate weather to study disease and insect infestations with integrated treatment and imaging systems in one automated system -- replicated six times for parallel studies,” said Annett Rozek, Terramera Chief Scientific Officer. “This is as close as we can get to real-world conditions in a research environment and will deliver solutions as rapidly and efficiently as possible.”
The new growth chambers bring Terramera’s total to 12 and are part of a larger technological scale-up for the company, which also brought a new best-in-class liquid handling robot on board. Terramera’s own machine learning (ML) model named the robot, “Enzing,” which is integrated into Terramera’s fully automated in-vitro screening and data analysis pipeline. The robot has already enabled Terramera’s largest in-vitro screening project yet, testing the company’s Actigate™ library against numerous plant disease pathogens.
“This marks an exciting milestone for Terramera and a step-change in the industry by adding a new, essential capacity,” said Karn Manhas, Terramera Founder, and CEO. “Simulated environment studies are the missing link between controlled environments like the lab or greenhouse and field trials since many products fail because lab and greenhouse conditions are too different from the outside world on a farm. This technology increases our throughput, allowing us to predict outcomes more accurately, allowing us to quickly scale our knowledge and technologies to make farming healthier, more sustainable and productive while turning back the clock on climate change.”
About Terramera
Terramera is a global agtech leader fusing science, nature, and artificial intelligence to transform how food is grown and the economics of agriculture in the next decade. With its revolutionary Actigate™ technology platform, which was recognized by Fast Company as a 2020 World Changing Idea, Terramera is committed to reducing the global synthetic pesticide load 80% by 2030 to protect plant and human health and ensure an earth that thrives and provides for everyone. The privately held, venture-backed company was founded in 2010 and has grown to include a world-class bench of engineers, scientists, advisors, and investors. Terramera is headquartered in Vancouver, British Columbia, with integrated operations in Canada, the US and India that include research labs, a greenhouse and farm, and more than 240 patents in its global IP portfolio.
For more information, please visit Terramera.com
Media Contact
Valerie Martin
VP Strategic Communications – Terramera
612-743-4013
2-Acre Vertical Farm Run By AI And Robots Out-Produces 720-Acre Flat Farm
A San Fransisco start-up is changing the vertical farming industry by utilizing robots to ensure optimal product quality
Plenty is an ag-tech startup in San Francisco, co-founded by Nate Storey, that is reinventing farms and farming. Storey, who is also the company’s chief science officer, says the future of farms is vertical and indoors because that way, the food can grow anywhere in the world, year-round; and the future of farms employ robots and AI to continually improve the quality of growth for fruits, vegetables, and herbs. Plenty does all these things and uses 95% less water and 99% less land because of it.
In recent years, farmers on flat farms have been using new tools for making farming better or easier. They’re using drones and robots to improve crop maintenance, while artificial intelligence is also on the rise, with over 1,600 startups and total investments reaching tens of billions of dollars. Plenty is one of those startups. However, flat farms still use a lot of water and land, while a Plenty vertical farm can produce the same quantity of fruits and vegetables as a 720-acre flat farm, but on only 2 acres!
Storey said:
“Vertical farming exists because we want to grow the world’s capacity for fresh fruits and vegetables, and we know it’s necessary.”
Plenty’s climate-controlled indoor farm has rows of plants growing vertically, hung from the ceiling. There are sun-mimicking LED lights shining on them, robots that move them around, and artificial intelligence (AI) managing all the variables of water, temperature, and light, and continually learning and optimizing how to grow bigger, faster, better crops. These futuristic features ensure every plant grows perfectly year-round. The conditions are so good that the farm produces 400 times more food per acre than an outdoor flat farm.
Storey said:
“400X greater yield per acre of ground is not just an incremental improvement, and using almost two orders of magnitude less water is also critical in a time of increasing environmental stress and climate uncertainty. All of these are truly game-changers, but they’re not the only goals.”
Another perk of vertical farming is locally produced food. The fruits and vegetables aren’t grown 1,000 miles away or more from a city; instead, at a warehouse nearby. Meaning, many transportation miles are eliminated, which is useful for reducing millions of tons of yearly CO2 emissions and prices for consumers. Imported fruits and vegetables are more expensive, so society’s most impoverished are at an extreme nutritional disadvantage. Vertical farms could solve this problem.
Storey said:
“Supply-chain breakdowns resulting from COVID-19 and natural disruptions like this year’s California wildfires demonstrate the need for a predictable and durable supply of products can only come from vertical farming.”
(Credit: Reuters)
Plenty’s farms grow non-GMO crops and don’t use herbicides or pesticides. They recycle all water used, even capturing the evaporated water in the air. The flagship farm in San Francisco is using 100% renewable energy too.
Furthermore, all the packaging is 100% recyclable, made of recycled plastic, and specially designed to keep the food fresh longer to reduce food waste.
Storey told Forbes:
“The future will be quite remarkable. And I think the size of the global fresh fruit and vegetable industry will be multiples of what it is today.”
Plenty has already received $400 million in investment capital from SoftBank, former Google chairman Eric Schmidt, and Amazon’s Jeff Bezos. It’s also struck a deal with Albertsons stores in California to supply 430 stores with fresh produce.
Ideally, the company will branch out, opening vertical farms across the country and beyond. There can never be too many places graced by better food growing with a less environmental cost.
Here’s a TechFirst podcast about the story behind Plenty:
Published by Dani Kliegerman for iGrow.News
Meet The Green Man of Ludhiana Who Has Created Vertical Gardens Across City From Waste Plastic Bottles
A man has started turning plastic waste into vertical farms in order to recycle in a new way.
Aimed at reducing waste of plastic and also as an attempt to reduce air pollution, Mehra said under his instructions, the vertical gardens have come up in many places including schools, colleges, gurudwaras, churches, police stations, government offices and railway stations.
Using waste plastic, an IRS officer Rohit Mehra (in grey sweater) set up Vertical Gardens to tackle air pollution in Ludhiana. (Credit: ANI/Twitter)
In today's time when there is a huge need to recycle waste and reduce the use of plastic, Rohit Mehra, Additional Commissioner in the Income Tax Department, has shown an inspiring path to follow when he used 70 tonnes of discarded plastic bottles to act as planting pots for vertical gardens in Ludhiana.
Aimed at reducing waste of plastic and also as an attempt to reduce air pollution, Mehra said under his instructions, the vertical gardens have come up in many places including schools, colleges, gurudwaras, churches, police stations, government offices and railway stations.
Speaking to news agency ANI on Sunday, Mehra said, “Using at least 70 tonnes of waste plastic bottles as pots, we have set up more than 500 vertical gardens at public places.”
Speaking about what made him turn to this unique idea of using plastic, Mehra said he started thinking of the copious amount of plastic waste and pollution that plagues the cities when his child some 4 years ago, one fine day informed him that their school had declared holidays due to high air pollution. Mehra said he pondered how the situation has turned so bad that they cannot even breathe in fresh air and provide the same to their children. This made him take note of the worsening situation and he decided to do something about it.
Mehra, who is know as the Green Man of Ludhiana due to his conservation work at the trees, has also created 25 mini forests ranging between 500 sq feet to 4 acres in 2 years, along with the vertical gardens. To broaden his understanding of quick growing of trees, he studied ancient Indian texts like the Vrikshayurveda that talks about the science of growing plants and forest. He also stumbled across the Japanese technique of Miyawaki.
He added, “It is a cost-effective and space-efficient solution for urban greenery. The vertical gardens also save the environment as you reuse plastic wastes as pots. Thanks to drip irrigation, these gardens save 92 per cent water."
Mehra said that after the establishment of the vertical gardens, they had checked the air quality index (AQI) of the city by a scientist associated with the Punjab Agricultural University and found a 75 per cent reduction in air pollution, thus making their venture a success.
Dr. Peter Quinn Appointed As New Chair of CHAP
Peter holds an MBA and BSc(Hons) & Ph.D. in Epigenetics & Microbiology and has published on the importance of nutrition to improve health and wellness in society
Crop Health and Protection (CHAP) one of the four UK Agri-Tech Centres of Innovation, has appointed Dr. Peter Quinn, CEO of Genius Foods, to be its new Non-Executive Chairman, following the retirement, earlier this year, of John Chinn.
Peter brings extensive business leadership experience to the CHAP Board, having held Chief Executive, Managing Director, and Non-Executive Director roles. He has a background in creating enterprise value across a range of complex FMCG brand and private label markets in food and drink, manufacturing and retail, biotech, and agri-tech.
He is currently CEO of Genius Foods and was previously divisional MD of Samworth Brothers. In addition, he holds several NED positions in the Agri-Tech/Produce sector. He is an expert in transformational turnarounds and the creation of growth and value strategies through organizational alignment and ingenuity.
He is also passionate about building business cultures committed to people and has served on the Boards of BITC Charities, dedicated to creating opportunities for disadvantaged young people through education and personal development.
Peter holds an MBA and BSc(Hons) & Ph.D. in Epigenetics & Microbiology and has published on the importance of nutrition to improve health and wellness in society.
As Chairman of CHAP, he is committed to the vital function of science, technology and collaborative innovation to transform UK agriculture and sustainable food production.
CHAP CEO Fraser Black said: “CHAP is experiencing an exciting period of growth and development and Peter is well-placed to help us cement our position at the centre of the UK agritech innovation sector. His commercial, non-profit, and academic experience are a perfect fit for CHAP. I look forward to working with him to ensure CHAP continues to act as a catalyst for innovation in UK agribusiness. This will enable us to achieve our vision of making the UK a global leader in the development of applied agri-technologies, to help secure our future by nourishing a growing population sustainably while delivering economic, environmental and health benefits to society.”
Peter Quinn said: “I am delighted to be appointed to the Board of CHAP as Non-Executive Chairman. There has never been a more critical time to invest in the future of UK agriculture and sustainable food production. CHAP plays a pivotal role in creating world-class innovations through collaborations between scientists, farmers, and industry to transform the productivity of UK agriculture. CHAP is the nexus for new ideas and ingenuity that will deliver agricultural solutions for tomorrow’s world.”
About Crop Health and Protection (CHAP)
Crop Health and Protection (CHAP), funded by Innovate UK, is one of four UK Agri-Tech Centres. CHAP’s vision is for the UK to be a global leader in the development of applied Agri-Technologies, to help secure our future by nourishing a growing population sustainably while delivering economic, environmental and health benefits to society. CHAP acts as a unique, independent nexus between the UK government, researchers, and industry, building innovation networks to identify and accelerate the development of cutting-edge solutions to drive incremental, transformative, and disruptive changes in sustainable crop productivity.
Website: www.chap-solutions.co.uk Twitter: @CHAP_Enquiries
For further information contact:
Darren Hassall (Marketing Manager): darren.hassall@chap-solutions.co.uk
Tel: +44 (0)7866 799152
AgriTech - A Hotspot For Investments
In recent times, AgriTech or AgTech solutions are gaining their popularity factor because individuals and entities alike, are becoming increasingly aware of the efficiency technology adds to their daily processes, which otherwise would have been tasking to follow through with. The ‘revolutionary’ factor has been highlighted in the AgTech space and hence, it has caught the eyes of investors and big corporations
AgriTech - The Sought After Technology Breakthrough
In recent times, AgriTech or AgTech solutions are gaining their popularity factor because individuals and entities alike, are becoming increasingly aware of the efficiency technology adds to their daily processes, which otherwise would have been tasking to follow through with. The ‘revolutionary’ factor has been highlighted in the AgTech space and hence, it has caught the eyes of investors and big corporations.
AgTech represents that specific niche category of technology buffs that intermingle the age-old occupation of agriculture with the new age specs and wonders of technology.
The specifics of Agronomic Processes:
The agronomic processes encompass diverse solutions in every step, ranging from the sowing of seeds to the harvesting of crops. The processes comprise of integrated resolutions to enhance efficiency within agricultural organizations, along with benefiting smallholder and marginal farmers.
AgriTech, breaking barriers and records:
The upward curve of investments and profitability within the industry does not seem like it would dip anytime soon, with a continuous maturity, breaking barriers, and records. Since 2013, funding within the AgTech sector has increased by roughly a whopping 370%. According to an AgFunder report, specifically, startup investments bucked global venture capital markets across all sectors to $4.7 billion in 2019. The 695 deals were carried out across 940 unique investors.
COVID-19 comes into play:
Similar growth cannot be expected for the remainder of 2020, due to Coronavirus governing industries across all business streams. However, there is less chance of the investments cutting to a freefall wherein they would dip way lower than initially expected. New investment projects may be put on hold, however, ongoing funding is expected to be perennial.
Localizing our viewpoint, we notice that most of these investments are still being carried out within the United States. However, investments in India continue to rise at a rapid rate, representative of a two-way flow (up-stream as well as down-stream) of funding, again highlighting the maturity of the sector.
The reasoning:
WHY? Every action has an equal and opposite reaction. Sir Isaac Newton was well aware of the specifics of investment and the network within which it functions. Our world is at a point today, where overpopulation is a severe problem in various countries, along with the overall population set to increase by 30% over the next 35 years, according to Global-Engage.com. According to a report conducted by FAO, agricultural production will have to increase by 60-70% to feed the world population by 2050. To work towards an increase in the production of food, along with keeping a tap on the factor of ‘sustainability’, it is essential and integral to adopt smart farming and smart agricultural practices, allowing processes and outcomes to become more efficient in the long run.
The Need for Emerging Trends:
The importance of utilizing ‘big data’ and ‘predictive analytics’ to counteract the issues faced by farmers daily is now more than ever. They will allow farmers to achieve and maybe even surpass their targets for the seasons, resulting in an influx of productivity. In a survey conducted with farmers, 60% mentioned that precision farming is an influential trend to look towards for a structural and foundational change in the way daily practices take place. With the risk of climate change looming overhead at all times, it is crucial to understand the essential need to channel funds towards projects that solve difficult and foreseen problems.
The Agricultural 4.0 wave:
Today, 25-30% of all food produced is wasted, which incurs a social, economic, and environmental cost of $2.5 trillion annually. An outdated supply chain with no digital integrations or climate-smart advisory results in around 20% of the crops produced in developed countries being left in the field itself. To spark a change and make a difference, socially conscious investors who look to profitability as well, view the AgTech sector as a gold mine, essentially killing two birds with one stone.
AgriTech today is an area that is ripe for innovation with limits imposed solely due to constraints in terms of available capital. When this constraint is counteracted, creativity applied to AI and food production will be ten-fold.