With the growth being witnessed in the global population, meeting the food requirement of all these people is going to be a challenge in the coming years. As per data, the population is growing at a rate of over 1% per year. Agriculture cannot surface this demand solely on traditional methods and needs large-scale technological changes.
Perhaps this is the reason behind the tremendous growth of agritech in the last few years. According to a report by Accel Partners and Omnivore, investments in the sector grew from $45.8 billion in 2015 to a whopping $430.6 billion by March 2020. In India too, the agritech sector has seen rapid growth. Experts believe the reason behind this growth is increased digitization, government initiatives, and investment.
As per reports, there are currently more than 450 start-ups in the agritech in India that have received over $248 million in funding. Notably, every ninth agritech in the world is operating from India.
India’s agriculture sector faces challenges like small landholdings, farm labor, outdated techniques, and agricultural practices. The agritech addresses these issues by supplying the latest technology to the field to improve all elements of farming and growing processes.
Let’s look at how automation and technology are helping the agriculture sector.
Automation in agriculture
It is often said that automation is the future of agriculture. Modern-day farming tools and agricultural automation can help in streamlining the crop production cycle. This will make it more efficient.
Precision or satellite farming
Precision agriculture (PA) or satellite farming helps in observing, measuring, and responding to concerns related to crops. It helps in the real-time mapping of fields and helps in finding solutions to raising challenges.
The next technological shift is self-driven tractors or driverless tractors. These can be combined with GPS technology and can help in rapid advancements of precision agriculture as well farming as a whole. Farmers can program their tractors, and focus on other operational activities.
The agri-tech sector in India is at a nascent stage. The future of automation and semi-automation technologies is very promising. The COVID-19 pandemic has given a major push to automation and agritech in India. The pandemic has helped in escalating the adoption of technology throughout the farming ecosystem. Emphasis should be given to innovation, data-sharing, infrastructure, and enabling end-time information access to farmers. Efforts are being done to convert agri-tech challenges into opportunities.
The change in the ways agriculture has been done in India would also increase the output. The increased agricultural produce will be brought into different mandis. This will increase the work of commission agents by manifolds. They will need to invest more time in mandi accounting while managing paper trails and inventory. 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.