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Agri Business Review | Monday, July 25, 2022
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Because of recent improvements in technology, greenhouses today are increasingly becoming large-scale, capital-infused, and urban-centered.
FREMONT, CA: Innovation is more important in modern agriculture than ever. However, the industry is facing enormous challenges, from rising costs of supplies, a shortage of labor, and changes in consumer preferences for transparency and sustainability. Nevertheless, there is increasing recognition from agriculture corporations that solutions are needed for these challenges.
Modern Greenhouses
In modern days, the Greenhouse industry has been transforming from small-scale facilities used primarily for research and aesthetic purposes (i.e., botanic gardens) to significantly more large-scale facilities that compete directly with land-based conventional food production.
The industry is witnessing a blossoming like never before, mainly due to the tremendous recent improvements in growing technology. As a result, greenhouses today are increasingly becoming large-scale, capital-infused, and urban-centered.
As the market has grown dramatically, it has also faced clear trends in recent years. Modern greenhouses gradually turn tech-heavy, using LED lights and automated control systems to tailor the growing environment perfectly. In addition, successful greenhouse companies were scaling considerably and situated their growing facilities near urban hubs to capitalize on the ever-increasing demand for local food, no matter the season.
To achieve these feats, the greenhouse industry is also becoming increasingly capital-infused, utilizing venture funding and other sources to build the infrastructure necessary to compete in the current market.
Precision Agriculture
Agriculture is evolving - technology is becoming indispensable to every commercial farm. Recent precision agriculture companies are developing technologies that empower farmers to maximize yields by controlling every variable of crop farming, such as moisture levels, pest stress, soil conditions, and micro-climates. In addition, by providing more accurate techniques for planting and growing crops, precision agriculture allows farmers to expand efficiency and manage costs.
Precision agriculture companies have established an enormous opportunity to grow. The emerging new generation of farmers is attracted to faster, more flexible startups that systematically maximize crop yields.
Blockchain
Blockchain's capacity to track ownership records and tamper-resistance can be utilized to solve urgent issues such as food fraud, safety recalls, supply chain inefficiency and food traceability in the current food system. In addition, Blockchain's particular decentralized structure guarantees verified products and practices to create a market for premium products with transparency.
Food traceability has been at the heart of recent food safety meetings, especially with new advancements in blockchain applications. Due to the nature of perishable food, the food industry is highly vulnerable to making mistakes that ultimately affect human lives. When foodborne diseases threaten public health, the first step to root-cause analysis is to track down the source of contamination, and there is no tolerance for uncertainty.