Shaping India’s Agricultural Future with Agritech
Dear Reader,
We’re excited to share the 29th?edition of the agribazaar newsletter. The Future Agriculture Leaders of India (FALI) initiative is close to our hearts. As an organization, FALI aims to make agriculture attractive to students and their parents by promoting it as a career choice for the youth.?It is encouraging to see the Indian youth bring fresh ideas and innovations to drive India’s agricultural growth. We take a look at the convention held recently and what it means for the future of agriculture in India.
Additionally, we take a look at what the future of agritech looks like in India and around the world.
In the Spotlight
The Future Agriculture Leaders of India (FALI) initiative is backed by some of the industry’s leading corporations providing technical and financial support. FALI provides education, scholarships, incentives, events, and competitions to promote agriculture. The FALI Convention is an annual event that brings together the brightest minds from various schools. Over 1000 students participated in competitive events this year, with over 60 industry leaders serving as judges.
The success of FALI can be seen in the numbers:
As a proud supporter of FALI, agribazaar continues to align with its mission of agricultural growth and applauds its efforts in shaping India's agrarian?future.
Tech Showcase
IoT refers to a vast network of interconnected devices and objects that exchange data and perform tasks autonomously. The true power of IoT lies in its ability to gather and analyze real-time data, enabling us to make informed decisions, optimize processes, and enhance efficiency. agribazaar harnesses this technology to gain critical insights into farm conditions to maximize resource use. It generates farm profiles to map your farms' crop and land infrastructure.
Customer Speak
In the past, NAFED used to carry out auctions traditionally, relying on handwritten letters to communicate rates. The transition to the agribazaar’s online bidding platform has significantly improved our operations. We now receive real-time updates on the goods available at the station, including their quantity, and can specify the item we wish to purchase and the price we are willing to pay. This comprehensive information allows us to make informed decisions when quoting our prices.
Media
agribazaar recently launched a pilot project in crop advisory to provide farmers with personalized advice using AI and ML. Accessible through agribazaar's existing application, the initiative aims to address challenges faced by farmers and enhance productivity. The company's commitment to leveraging technology for agricultural transformation could revolutionize farming practices and contribute to the growth and sustainability of India's agriculture sector. Please read about it in this news article.
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Industry Updates
A recent report states that the world would need to produce 70% more food to feed the population by 2050. Roughly 800 million people in this world sleep hungry. Agritech must come to the fore to make operations more efficient and productive. Some of the technologies in focus include automation of skills, IoT, data-driven farming, drones, satellite imagery, and others. Read the report to get valuable insights on the future of farming.
Making it Count
Trust the choice of lakhs of farmers and traders, and handle your trades with our easy and convenient platform.
3,200+ Geo-tagged farms?on agribhumi
50% increase?in first-time users of Crop Doctor
Crossed?Rs. 52,000 Crs. ($6.3 Bn) GMV?since inception
11,000+?App installations
FAQs
Q: What is an agribazaar virtual account?
A: agribazaar’s virtual account acts as an e-wallet provided by agribazaar in which the user first adds funds from his local bank account to process the further transaction. The wallet is a low-fee account in which the user can add any amount at no additional cost.
Thanks for reading!
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