Blogs

The agriculture sector consumes a significant share of the usable water available in the world. The growers utilize water to cultivate crops, raise livestock, pesticide and fertilizer application, hydroelectricity generation, and several other agricultural activities. According to the World Bank estimate, irrigated agriculture represents 20% of the total cultivated land. It is also a major contributor to 40% of the total food production worldwide. It also accounts for 70% of freshwater withdrawal globally.The water demand is expected to rise in the future to meet food security challenges in the wake of the growing world population.

The global food security crisis is intensifying every day and it has become crucial to create resilient systems at a swift pace. One of the ways to tackle this concern is formal financial inclusion of farmers in the ecosystem by improving their access to credit through agri fintech. Agri fintech is the synergy between agriculture and financial technologies. It refers to the adoption of digital solutions to fill the gaps between financial institutions, farmers, and other stakeholders in the value chain

Data sharing is one of the core foundations for agricultural technologies and digital innovations to scale and make a powerful impact. Unfortunately, agriculture has its fair share of challenges regarding data sharing. Data interoperability is the missing link that can make data sharing easier and create value out of it. This article will take you through data sharing challenges and the role of data interoperability to address them.

According to research by the Food and Agriculture Organization of the United Nations (FAO), there are 600 million smallholder farmers in the world. They own 70–80% of the world’s agricultural land and produce 80% of the world’s food in value terms. It is evident why it will be inane to undermine or ignore their pivotal role in the agriculture sector. Yet, smallholder farmers struggle on a day-to-day basis to optimize production and increase their income level.

The traditional agriculture sector is primarily driven by resource-intensive practices which are degrading the environment and depleting natural resources faster. It is unfortunate that the sector which feeds millions of people around the world is upsetting our ecosystem. At the same time, it is also under threat due to ecological imbalance and climate change. Farmers are grappling with challenges of poor soil fertility, water scarcity, a decrease in arable land, and lower crop yield.

The traditional agriculture sector is primarily driven by resource-intensive practices which are degrading the environment and depleting natural resources faster. It is unfortunate that the sector which feeds millions of people around the world is upsetting our ecosystem. At the same time, it is also under threat due to ecological imbalance and climate change. Farmers are grappling with challenges of poor soil fertility, water scarcity, a decrease in arable land, and lower crop yield.