One of the world’s oldest industries is the agriculture and farming market. Over the years, mankind has come a long way in how, with the advent of new technology, we cultivate and grow crops. As the world population continues to expand and land becomes scarcer, people need to get more innovative about how we farm, use less land to produce more crops and improve the productivity and yield of those farmed acres.
The introduction of technology in the field of Agri-technology (agriculture) helps to solve many problems across the spectrum of the conventional value chain of agriculture and has a market opportunity of USD 24 billion.
Agricultural technology developments (Agri-technology) provide accurate solutions for sustainable agriculture, including indoor vertical farming, hydroponic farming, and modern greenhouse practices. These techniques are intended to reshape the farming experience with countless advantages. They grow food that has a longer shelf life that is healthier, newer, and more nutritious. Such activities also help to conserve scarce resources for water, land, and labor. The regulated growing method also helps farmers to produce food that is free of harmful chemicals and residues.
Patterns of consumption have been evolving. People are becoming more conscious of new and healthy eating. Besides, consumers have also been motivated by the pandemic to change their eating patterns and eat food that helps avoid infections and develop good immunity to infections.
Ultra-modern technical farming techniques improve crop production and quality and deliver food protection all year round. In nutrient-rich water pesticides, they are grown, harvested a few hours before reaching the plate of the consumer. This has improved the capacity to make healthy decisions and implemented a behavioral shift to building a balanced food environment.
The sector is being revolutionized by the increase in the adoption of advanced technology solutions in agriculture. Traditional farming is increasingly shifting to urban new technology farming by using the smart farming model. It enables the use of modern techniques that improve food production and food supply chain efficiencies through the incorporation of automated technology and processes to produce differently.
Both farmers and agri-tech start-ups have begun implementing indoor vertical and hydroponic farming techniques because of the changing scenario of conventional farming and technological advances. These are highly data-driven and combine agriculture and science in less time to develop safe and nutritious food. This also helps farmers to control growth variables and optimize their fields for better production.
Also, at a faster pace to the agricultural landscape than anyone saw coming, the sector has entered a stage where robots and AI have begun to contribute more. Promising vertical farming start-ups such as Plenty AI, a San Francisco-based Agri-tech start-up, have recently become known for figuratively moving the limits of agriculture towards the sky.
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