Whether you are a farmer looking for the latest tools to help your crop production, or a business professional looking for the next leap in innovation, there is no better time to invest in agritech. Agriculture and technology have been melding together over the last decade, and now is the time to make the most of the industry’s growth.
The following solutions have shown tremendous progress, and are not looking to slow down any time soon.
Artificial Intelligence
Precision agriculture is the primary goal of agritech investments. Agribusinesses are taking advantage of computer intelligence and deep-learning algorithms to capture and process data. These innovations include drones and software that monitor and predict crop and soil quality. These programs can help farmers make tailored decisions that directly impact their products, resulting in less waste, fewer unusable crops and more profit.
Robotics
Automated farming machinery also enhances precise decision-making in the field. From crop protection, to planting and harvesting, robots are saving growers time and resources around the world. Agritech investors are looking to equipment manufacturers for more cost-effective ways to do the work that farmers have done for centuries. The expanding capabilities in robotics provide the perfect opportunity to invest in untilled, profitable territory.
Blockchain
Blockchain technology is quickly becoming one of the most valued and necessary solutions in agritech. Not only are those in the agriculture industry looking for solutions in production, they are also looking for technology to showcase and sell their products. As consumers’ demand for transparency and traceability grows, tech professionals are investing time and resources into developing blockchain solutions in the digital supply chain. This revolutionary technology offers immutable data to everyone involved, from growers to producers, manufacturers, retailers and consumers.
Agrigenomics
Agricultural genomics, or agrigenomics, is also one of the most powerful players in global sustainability initiatives. This research leads to modern solutions that tackle the universal issue of population growth. Studying and understanding the agricultural landscape is the only way to improve efficiency and ensure sustainable farming practices. Developments in agrigenomics help growers and producers make informed decisions in cultivation and breeding through genotyping, sequencing, trait screening and testing.
The world of tech innovation is only picking up speed, and agriculture will always be a vital part of daily life. Integrating technology into this global industry is not only becoming essential, but it is also a very wise investment.