Modern problems require modern solutions. However, is the problem of hunger really modern? When do local issues become international problems? How does agritech come into the picture? These are some important and extremely relevant questions that will be answered in the following piece.
Answering the first question, hunger has been a major concern across the globe for decades. This is particularly relevant in the Indian context, where thousands were bereft of basic necessities during a disastrous and gory partition: hunger has its roots in the very history of our nation. Even though the Sustainable Development Goal (SDG) to make the world hunger free was adopted in 2015; a 2019 article suggests that the situation has not changed. As per a UN report in 2019, one in every nine people on our planet struggles with regular access to a basic meal.
This is exactly when a local issue becomes an international fiasco – when the numbers are presented by international organisations on a global forum. But this solely shines a light on the problem. What about the solution? The solution too lies in concepts that are taken forth by pioneers in that particular industry.
Groundbreaking Growth of Agricultural Technology
When it comes to the field of agritech, the industry itself has faced exponential growth. FnB News states that in FY 2019-20 alone it grew by 85%, in terms of investment and size. According to the Journal of Development and Agricultural Economics, there is enough empirical evidence to substantiate the fact that technology produces better results than any other alternative in the agricultural sector.
It is agritech that allows the enhancement of production and productivity, lowering operating costs, facilitating access to markets, information, credit, and capacity-building. By doing so, it serves as an effective solution to the problem of global hunger.
Organisations like FarmERP aim to make farming and agricultural practices predictable and profitable. Working on the 4 strong pillars of traceability, climate resilience, food safety and sustainability, agritech is an industry that is continuously growing while gaining its required importance. Technologies like artificial intelligence, machine learning, computer vision, blockchain and deep learning can today enhance the daily agronomic processes of farmers and agribusinesses alike. This can help in bringing a sense of streamlining throughout the entire agricultural value chain.
Agritech: Combating the Real Concerns of Global Hunger
One important point to note while examining hunger as a problem is to understand its complexity. It is not a simple demand-supply equation at hand. The food security issue is the falling bridge between the 2 variables of this equation. Though we do not produce enough to meet the demands of all the people on the planet; yet there is another reason for the way the issue has escalated. That reason is the inefficiency of the storage and distribution sector.
Even if a large quantity of food is produced at a farm, all of it does not reach the market for sale. This is where agricultural technology (agritech) offers solutions. Geographical Information Systems (GIS) ensure that produce can be maximised such that the entire process is giving outputs at full capacity.
Post this, several systems help in ensuring proper storage and transmission of produce as well as assist in accounting for the market sales. However, the most imperative aspects of these operations are the systems that display this entire process on one screen, thereby preventing errors and minimizing loss of produce.
Therefore, along with being the future of agriculture, agritech is also an effective solution for the world to witness zero hunger. FarmERP, with innovative and advanced feature offerings, can help your agribusiness to capitalise on the numerous benefits of agritech. Contact us to know more about how our ERP software can help you streamline your farm management process and elevate your productivity and profitability to new heights.