BusinessDevelopmentNewsOpinion

Agritech trends: Use of data science in agriculture

Agritech and the future of farming in Southeast Asia

The time is ripe for the Indian agricultural sector to adopt best practices by using data science, deploy smart farming techniques and build integrated supply chains to boost productivity.

Importance of agriculture and the current landscape

Agriculture and allied sectors in India employ about 50% of India’s workforce. Yet, it contributes to less than a fifth of the GDP. An average farmer in India earns less than US$ 2000 per annum, compared to the United States of America, where the Food and Agriculture sector contributes ~US$ 1tn to the GDP and employs roughly 25 million people, directly and indirectly.

Read also: Sharif El-Badawi And Hasan Haider Leave 500 Startups To Launch Independent Fund For Startups In MENA

The Food and Agriculture per capita GDP in the US is ~ US$ 40,000. Even with the largest area of land under agriculture in the world, agricultural yield per hectare is still low for major crops in India. The gap in productivity and efficiency in the Indian farm and agriculture sector is a glaring one.


This image has an empty alt attribute; its file name is GFA-Contributors-1024x576.jpg

Farm productivity and farmer income in India is plagued with several challenges – marginal land holdings of farmers making mechanisation difficult and implementation of technology difficult or unviable, timely access to genuine and high quality inputs and farming advice, heavily intermediated supply chains, dependence on monsoon rains, and inadequate storage facilities.

Furthermore, farmers lack institutional support in terms of access to financial services (loans, insurance) and capacity building. With their incomes already under pressure, farmers are unable to modernise agricultural practices to improve yield.

Demand for food continues to increase as the population grows. Productivity challenges in the agricultural sector need urgent solutions. Even as basic food security is achieved, changing consumer preferences are leading to rising demand for healthy, fresh, and nutritious food options beyond just carbohydrates.

Conscious consumers want to know how and where their food has been produced, processed, and stored before it reaches their table.

Read full article here


GetFundedAfrica’s mission is to uplift people and economies in Africa through entrepreneurship; helping companies find funding, grow, create jobs and solve society’s greatest challenges

GFA Attract, GFA Weekly Recap & Application Portal For Funding

GFA Weekly Round Up
In this episode of GFA-Attract (VC Edition)
we discuss with Jonathan Berman,
Managing Partner of African Innovation Partners (AIP),
a venture capital/asset management company with $500m in assets under management.

Watch Here
GFA Weekly Round- up
In this week’s weekly round up podcast, Nichole discussed about the funding activity between September 21- 25
Listen Here
Apply For Funding

GetFundedAfrica provides equity capital from $1,000 to $50,000.
For larger amounts (Above $50,000)
we organize syndicated funding rounds of up to $500,000.
Apply Here

Follow Us

See the source image
See the source image

“Success is not final; failure is not fatal: it is the courage to continue that counts.” – Winston Churchill.

Nichole Manhire

Is the productive executive for the media department at GetFundedAfrica

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button