The world is currently in agriculture 3.0 and heading towards agriculture 4.0. In our previous article, we had mentioned about the journey of agriculture from 1.0 to 4.0. With budget 2022, the government of India is trying to bridge the gap between technology and agriculture. This would not only boost the sector but will also open doors for new innovations. Already we have seen the acceptance of technology and big data analysis helping the sectors.
Apart from the acceptance of technology in agriculture, this will pave the way for new agritech companies to find solutions to the problems faced by the agriculture sector. These agritech startups will solve problems faced by small and medium farmers as well as help them increase their agricultural production. Since the outbreak of the pandemic in 2020, we are seeing how technology is transforming farming, now let us look at the trends in agriculture in 2022.
1. Internet of Things (IoT)
Monitoring of the fields with traditional farming practices requires intensive labour, physical equipment, time, and effort. With IoT devices, a farmer can do away with all this and these devices can be used on all sizes of land small, medium and large farms. IoT devices contain one or more sensors that collect data and provide accurate information on a real-time basis. These sensors help track soil quality, monitor temperature, humidity sensing as well as track plant growth. These also help in tracking your livestock. IoT sensors are used in new irrigation systems that help in the automation of crop irrigation. Other sensors are used to know on-site soil moisture, rain prediction etc.
2. Artificial Intelligence
Artificial intelligence helps farmers in making informed decisions with predictive insights such as forecasting weather data and crop yield. It also provides farmers with real-time insights from their fields so that they can proactively tackle all situations. AI chatbots also give suggestions and input recommendations to farmers about any abnormality and recognise diseases in plants. This allows them to take timely corrective measures.
3. Drone Technology
Drone technology has been around for some time now but it continues to develop with time. Agritech companies are finding new ways to use drone technology and help enhance crop production. Drones collect raw data which translates into useful information for farm monitoring. Drones equipped with cameras facilitate aerial imaging and surveying fields. This data optimizes the application of fertilizers, water, seeds, and pesticides. Drones help farmers with crop health assessment, irrigation and planting, spraying on crops, soil analysis, crop and livestock management and geofencing and weed identification.
4. Big Data & Analytics
As the usage of technology is increasing in the farming sector, large volumes of farm data are being generated on a daily basis. This data is of no good if not analyzed. Big data and analytics help transform this data into actionable insights. Information about crop area, crop production, crop forecasts, land use, irrigation, agricultural prices, weather forecasts, and crop diseases help make the farm and farmer ready for the next farming season. Analytical tools use the data on weather events, farm equipment, water cycles, quality, and quantity of crops to extract information relevant to farm operations. This helps in identifying patterns and relationships that were hidden otherwise and were acting as a hindrance.
5. Market at your fingertips
The harsh reality is that small farmers don’t have a proper market to sell their products and hence very less income. They are always under financial pressure and even left out from mainstream lending markets such as banks or financial institutions. They end up taking loans from local money lenders who charge a bomb as interest. However thanks to farming platforms such as Bijak who are changing things and impacting the lives of such farmers. Bijak is India’s No. 1 agri-trading app that acts as a meeting point for Farmers, Commission Agents and Suppliers for 100+ commodities.
Now to understand the importance of technology in agriculture, we should also know the share of technology in agriculture. As per the data available with Startups Insight, here we have designed a graphical representation of the shareholding of technology in agriculture.
With the adaptation of new technologies, agricultural production will increase and so will the selling of products in mandis. This will increase the work of commission agents in mandis. They will need to invest more time in mandi accounting as well as inventory management. Understanding the concerns of commission agents in mandi accounting and turning them into opportunities, Bijak which is India’s Number 1 Agritrading App, came up with a solution for mandi accounting called ChargeERP.
ChargeERP is the solution
ChargeERP accounting software has been designed keeping in mind the daily interactions of commission agents in agricultural mandis. It is a cloud-based accounting software introduced with the core aim of reducing the agent’s workload. ChargeERP is the easiest, fastest and most secure mandi accounting software available in India. One of the many benefits of this platform is that it can be accessed from anywhere and from multiple devices. It provides data security with end-to-end encryption. Plus, it doesn’t require any kind of technical or accounting expertise.
If you are looking to explore more about this next-level accounting software, feel free to dial +91 9311341199 or visit www.chargeerp.com, and request your free demo today. We also suggest that you follow us on Facebook for regular updates. You can also view the latest instructional videos on the ChargeERP YouTube channel.