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Agri Business Review | Monday, October 26, 2020
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Today, the world faces the urgent challenge of unsustainable food production and consumption practices. Today's food system is the primary driver of deforestation and loss of biodiversity, generating a quarter of global greenhouse gas pollution. Agriculture is transforming into a fully high-tech business. This is a long-overdue revolution in the way things have been done for centuries. To put this in perspective, two billion more people will go hungry by the year 2050 if we keep farming the old-fashioned way. Technology solutions such as artificial intelligence (AI), data analytics, and drones are being used to enable more efficient and more competent agriculture.
Precision agriculture intends to influence state-of-the-art technologies to make crop production more accurate and controlled, boost yields and curb waste. Hundreds of precision farming firms have emerged, from drones to robotics to autonomous tractors. As a result, farmers can now have astonishing insight into where each seed to plant, allowing them to fertilize their crops with near-perfect accuracy— something that was never an option when precision farming first came to the scene.
Machine learning technology brings new advancements to heat maps that can be more detailed than ever before. The future of farming is increasingly in the form of real-time responses, as more and more agricultural tech companies are struggling to provide on-the-go observations and prescriptions to the all-in-one platform. Using precision technologies such as IoT sensors and AI platforms will help farms reduce harmful food waste.
The transition to precision farming will lead to significant changes in the supply chain for agriculture. A fresh crop of retailers will emerge centered on innovative technologies such as advanced monitoring of drones and predictive analytics. Since agricultural retailers know the details of their local sectors, they will be in the best position to provide farmers with precision farming solutions, offering services of more excellent value at a time when the industry's health and sustainability demand it.
Nowadays, farming technology's cutting-edge is based almost entirely on silicon. Some of the most significant advances in farming today, from digital sensors monitoring soil conditions to weather evaluation systems, come directly from technology positioned around the farmland, inside tools, and in the hands of the farmer. New technologies, modern sensors, chips, and surveillance equipment help farmers increase efficiency and increase crop yields.