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How Agtech Will Solve the Farming Crisis

How AgTech Will Solve The Farming Crisis Food production must increase by 70% by 2050 to feed 2.3 billion more mouths and provide for growth in richer diets. We are falling short by 50%. Funding for AgTech has exploded as startups are embracing agriculture as an opportunity to invest in. Manual farming is being overtaken by smart farming that uses software and technology to analyse crops with precision and produce food with efficiency. Farm trade group American Farm Bureau Federation says 39% of farmers who grow water-needy corn or wheat now use sensor tech on their farms. Most Influential Trends to Affect Farming Through 2030: Precision Automation 44% Farming 60% Professionalism 36% Labour Consolidation Shortage 28% 40% Farmers citing a trend as influential (%) Source: BCG interviews with farmers in France, Germany, Poland, and the UK Start-up watch: Farmers Business Network Inc. (based in San Francisco) recently closed a $15 million deal with Google Ventures. Experienced in agronomy, precision agriculture, data science, technology and farming. The Climate Corporation was sold to Monsanto for over $1 million. They help farmers protect and improve farming operations with cutting-edge software, hardware and insurance products. Blue River Technology is a startup that created weed-killing robots. They have now launched a 3D crop scanning tool called Zea which uses computer-based vision to scan crops and retrieve essential information on size of leaves, growth and drought. Sensilize is an Israeli company who have combined a drone-mounted sensor with analytic software that will provide farmers with high-resolution true colour imagery to make optimal decisions to enhance efficiency, maximise yield and minimise resources. PRESENTED BY: COUNTY FINANCE GROUP LIMITED

How Agtech Will Solve the Farming Crisis

shared by AlexGillham on Jul 31
Some insight into how technology is advancing and sustaining agriculture in order to keep up with increasing global food demands.


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