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    Technology in Agri Business

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    Gurleen
    Agribusiness firms extensively use sophisticated technologies like sensors, aerial imagery, GPS, and precision farming techniques. This use of technology increases crop productivity and profitability while reducing environmental impacts. In India, over 300 agtech startups are developing solutions for digital agriculture. Major companies are investing in the sector, and the government supports initiatives to computerize cooperatives and provide funding for startups. Some prominent Indian agtech startups develop platforms for farm management, supply chain solutions, and market linkages between farmers and buyers.

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    Technology in Agri Business

    Uploaded by

    Gurleen
    209 views11 pages
    Agribusiness firms extensively use sophisticated technologies like sensors, aerial imagery, GPS, and precision farming techniques. This use of technology increases crop productivity and profitability while reducing environmental impacts. In India, over 300 agtech startups are developing solutions for digital agriculture. Major companies are investing in the sector, and the government supports initiatives to computerize cooperatives and provide funding for startups. Some prominent Indian agtech startups develop platforms for farm management, supply chain solutions, and market linkages between farmers and buyers.

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    Agribusiness firms extensively use sophisticated technologies like sensors, aerial imagery, GPS, and precision farming techniques. This use of technology increases crop productivity and profitability while reducing environmental impacts. In India, over 300 agtech startups are developing solutions for digital agriculture. Major companies are investing in the sector, and the government supports initiatives to computerize cooperatives and provide funding for startups. Some prominent Indian agtech startups develop platforms for farm management, supply chain solutions, and market linkages between farmers and buyers.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    209 views11 pages

    Technology in Agri Business

    Uploaded by

    Gurleen
    Agribusiness firms extensively use sophisticated technologies like sensors, aerial imagery, GPS, and precision farming techniques. This use of technology increases crop productivity and profitability while reducing environmental impacts. In India, over 300 agtech startups are developing solutions for digital agriculture. Major companies are investing in the sector, and the government supports initiatives to computerize cooperatives and provide funding for startups. Some prominent Indian agtech startups develop platforms for farm management, supply chain solutions, and market linkages between farmers and buyers.

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    of 11

    USE OF

    TECHNOLOGY BY
    AGRI BUSINESS
    FIRMS

    Submitted by-Gurleen Kour


    Roll No 22
    Agri Business
    • Engagement in the producing operations
    of a farm, the manufacture and
    distribution of farm equipment and
    supplies, and the processing, storage,
    and distribution of farm commodities

    • It includes agrichemicals, breeding,


    crop production (farming or
    contract farming), distribution,
    farm machinery, processing
    Today’s agriculture routinely uses
    sophisticated technologies

    • Temperature Sensors
    • Moisture sensors
    • Aerial images
    • GPS
    • Precision farming
    • Minichromosal technology
    Importance of Technology

    • Higher crop productivity


    • Decreased  use of water, fertilizer, and
    pesticides, which in turn keeps food prices
    down
    • Reduced impact on natural ecosystems
    • Less runoff of chemicals into rivers and
    groundwater
    • Increased worker safety
    Indian Scenario
    • A growing number of technology industry experts,
    entrepreneurs and investors have taken notice of the
    digital agriculture opportunity and are investing in
    agriculture technology.
    • No. of Indian AgTech startups-300
    • Global smart farming market set to grow at a
    compound annual growth rate of 13.27% to reach $12
    billion by 2021
    Some major investments and developments in agribusiness are as
    follows

    • Nestle India to invest Rs 700 crore (US$ 100.16 million) in


    construction of its ninth factory in Gujarat.
    • In November 2019, Haldiram entered into an agreement
    for Amazon's global selling program to e-tail its delicacies
    in the United States.
    • In November 2019, Coca-Cola launched ‘Rani Float’, fruit
    juices to step out of its trademark fizzy drinks.
    • Agrifood start-ups in India received funding of US$ 1.66
    billion between 2013-17 in 558 deals
    Government Initiatives
    • In September,2019, Prime Minister, Mr Narendra Modi
    launched the National Animal Disease Control Programme
    (NADCP), expected to eradicate foot and mouth disease (FMD)
    and brucellosis in livestock.
    • In May 2019, NABARD announced an investment of Rs 700
    crore (US$ 100 million) venture capital fund for equity
    investments in agriculture and rural-focused start-ups.
    • The Government of India is going to provide Rs 2,000 crore
    (US$ 306.29 million) for computerisation of Primary
    Agricultural Credit Society (PACS) to ensure cooperatives are
    benefitted through digital technology.
    • The Government of India has allowed 100 per cent FDI in
    marketing of food products and in food product e-commerce
    under the automatic route.
    Top Agri firms in India

    • Nuziveedu Seeds Limited • Poabs Organic Estates


    • Lemken India Agro • Godrej Agrovet Limited
    • Advanta Limited • Rasi Seeds
    • Monsanto India • National Agro Industry
    SOME PROMINENT STARTUPS

    CropIn • FarmBee
    Offers farm management Has an online platform providing data-
    driven agricultural solutions. It offers
    solutions for agricultural agricultural content, commodity prices,
    sectors. Works with farming weather data, and contextual advice to
    companies, agri-input the farmers. Enterprise customers
    companies, crop insurance include TAFE, RBL Bank, Pepsico etc.
    providers, seed production
    companies and government
    NinjaCart Stellapps Technologies
    • Has a B2B marketplace connecting
    farmers with retailers. Initially • Uses IOT, mobility and
    started out with a hyperlocal grocery data analytics to improve
    marketplace but pivoted to B2B
    marketplace for sourcing fresh fruits agri- supply chain
    and vegetables, staples and FMCG parameters including milk
    goods directly from farmers and
    brands after 6 months of launch.
    production, milk
    Currently works with about 120 procurement, cold chain,
    retailers. animal insurance and
    farmer payments
    THANK YOU

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