What are the uses of blockchain technology in agriculture? Today we shall be looking at how this unique technology has found its application in the field of agriculture. For those who are not yet conversant with what the term blockchain means, we can start by defining it so that we can all be on the same page.

Is the use of technology helping with the creation of food security for the entire world? How can farmers and investors actually profit from the state of the agriculture industry in this decade? 

A blockchain refers to a timestamped ledger of accounts and transactions that is managed by a network of computers that are not under the ownership of a single entity.

Each of the blocks of the transactions is bound to the other using cryptographic principles, also referred to as a chain. You can actually think of a blockchain as a Google document spreadsheet, for which there are several authors who can contribute to it, due to the locking mechanism.

That said, however, the blockchain is quite complex than the above example, and it has special characteristics that lead to it being such an attractive technological feature for the tagging, storage, and tracking of things that are valuable.

Have you heard the term “Distributed Ledger Technology”? This is actually the technology that is behind the existence of the cryptocurrencies such as bitcoin. DLT  is still finding many more applications in today’s world.

Back to the field of agriculture, blockchain has made it possible for various stakeholders to access the truth about:

• The state of the crops in the farms
• the state of the inventory
• Contracts

The collection of the above information is otherwise usually so costly. Simply put, the use of blockchain technology has made it possible for farmers to access up-to-date information that supports the decision-making process.

Let us explore the ways in which this technology contributes to the wellbeing of farmers in this industry

The Application of blockchain technology in the agriculture industry

1. The optimization of the Food Supply Chain

Blockchain technology has made it possible for information on the origin of various foods to be accessed in real-time, which is something that has led to an increase in customer loyalty and confidence. With blockchain technology, fruits and vegetables that have been sourced from farms that are many miles away from the consumers are as safe as the ones grown in a local farm, since information about them is availed.

With the traditional supply chains, it is close to impossible for the food retailers to certify that various products have been grown under the right conditions, and by a certain supplier.

This is why food retail giants such as Unilever, Carrefour, and Walmart have resorted to the use of blockchain technology to trace and verify the origin of various foods.

At Walmart, for instance, it takes approximately 2 seconds to verify the origin of fruits and vegetables. In the past, this would have taken anywhere from a couple of hours to several days.

2. The simplification of transactions

Blockchain technology has made it possible for transaction processes to be simplified, and this has made things quite easy for all players in this industry, especially the small-scale farmers who do not have a voice.

Close to $1 trillion worth of food is wasted annually, on a global scope. This wastage is partially attributed to the poor farmers’ inability to access the wide markets. This makes it impossible for them to sell most of the food that they produce.

A blockchain startup going by the name AgUnity has actually tackled this issue by developing a proprietary blockchain-based platform that farmers can use to trade agricultural products. The blockchain has also helped increase trust between the market players. Not forgetting that it has enabled market participants to create small co-operatives in a bid to team up for financial gain.

3. The enhancement of crop insurance efforts

The agriculture sector has benefitted from the invention of smart contracts. Smart contracts have proven to be very helpful in crop insurance, where farmers are expected to claim crop damages with the insurance companies.

Traditionally, this process takes a long time and is burdensome for both the farmer and the insurance company. These conditions leave such a perfect space for fraud.

Smart contracts that are supported by blockchain technology, make it easy for farmers and insurers since damage claims are usually triggered automatically by the risk factors, such as the changes in weather conditions. This minimizes all operational inefficiencies.

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4. Improved product traceability

The present-day world consumer of agricultural products has become more conscious of the food that makes it to their plates. This has contributed to significant demand for organic products. Most of these consumers need to confirm the products’ journey from the farm to their tables. They want to confirm that indeed, no chemicals were added to the food that they purchase.

The information provided on a blockchain is unalterable, and this contributes to the general wellness of those who consume the food products at hand.

5. Crop and food production

Farmers use IoT sensors to fetch vital data from their farms, such as the state of the soil, the levels of water, and details about the fertilizers used. This information is then sent to a blockchain.

Based on the data that has been saved on the blockchain, the underlying smart contracts can then trigger certain actions. This contributes to the quality of crops produced, as well as an increase in profitability for the farmers.

These are just but the main applications of blockchain technology in agriculture. Other applications that are not widely discussed include:

• Supporting financing decisions for the small farmers
• The facilitation of financial transactions in the emerging nations
• The collection of information related to consumer purchasing decisions
• The reduction of waste- through supporting sustainable business models
• The decrease in transaction fees.
• The elimination of fraud
• The accessibility of data without compromising the privacy policies
• Fair pricing of agricultural products

The use of blockchain technology has definitely played a great role in the development of state of the art farms in which the farmer has more control over the elements that are responsible for the state of the crops in there. As time goes by, we can expect to see smarter inventions in the same lines take their place in the agriculture industry, as various stakeholders strive to achieve profitability. If you are interested in staying ahead of the pack, here is some information that you should definitely internalize on:

The Agriculture 4-part series | The State of The Industry and What To Do About It

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That will be all for this article on the key uses of blockchain in agriculture. If you enjoyed it, be sure to share it with your friends, and to drop a comment with your thoughts in the comments section. All the best as you also take a look at my recommended resource.

I wish you well,

Eric, Investor and Team Member at Gold Retired!

The application of the best alternative agriculture systems is proving to be quite beneficial to farmers and the rest of the world at large. For many years, tons of food products have been produced through the traditional industrial agricultural system. This is a system that is essentially dominated by massive farms on which the same crops are grown on a year in year out basis. Enormous amounts of both fertilizers and pesticides are used in such settings. Unfortunately, this leads to the destruction and deterioration of the state of the soil, air, water, as well as climate.

The oncoming food crisis- Is it real? What should you do about it?

The thing about the industrial agricultural system is that it is not built to last. As much as it is responsible for the full stomachs in different parts of the world, it is also the cause of the degradation of the natural resources that future generations will depend on.

A growing number of scientists and innovative farmers have, however, taken a different path. They have decided to follow the more sustainable approach that is friendly environmental, socially, and economically.

Sustainable farming approaches have are generally more accommodating, in that they can be applied on farms of all sizes, and can be used in the production of a diverse range of foods. These approaches are also suited to the local conditions of a given area, and they do not divert from the expectations of the regional markets.

These are the approaches with which you can expect the application of science-backed principles that are aimed at optimizing the production of food while reducing the damage to the environment.

The supporters of industrial agriculture push the notion that the destruction of nature is the price that has to be paid if people are to remain well-fed. Fortunately enough, sustainable agriculture has proven to be the solid alternative to retrogressive practices- it enhances profitability and it can be depended upon to meet our feeding needs for many years.

Sustainable agriculture

We have so far established that sustainable agriculture is the way to go. When it comes to agriculture, sustainability is quite a complex idea that has various facets, that include:

• Economic – sustainable farms should be nothing short of profitable businesses that positively contribute to the environment.
• Social –The workers in these farms should be dealt with fairly, and create a mutually beneficial relationship with those in the communities living around them.
• Environment- this points to the proper management of the natural systems, as well as the resources that those farms depend on.

Catering to the environmental aspect involves the following activities:

• The building and maintenance of healthy soil
• The prudent management of water
• The minimization of air, water, and climate pollution
• The promotion of biodiversity

Scientists have already come up with a new field of research that is aimed at seeing to it that the above goals are achieved. This field is referred to as agroecology.

Agroecology is defined as the science of the management of farms as ecosystems. The underlying notion here is that we get to work with nature, and not against it. The application of agroecological principles is aimed at achieving exactly this!

Redefining profitable agriculture- Here’s what it will take to remain profitable in this decade!

Sustainable agricultural practices

So far, scientists and innovative farmers have managed to define the following sustainable farming practices:

The application of integrated pest management practices

Scientists have come up with new ways to mechanically and biologically control pests. The systematic application of these approaches has helped with keeping the pests under control while doing away with the use of chemical pesticides.

Crop rotation and diversification

Planting a variety of crops has proven to be quite beneficial. Scientists have established that it is one of the most reliable approaches to maintaining healthier soil as well as controlling pests. Crop diversity basically points to intercropping and the adoption of complex multi-year crop rotations.

The planting of beneficial cover crops

Farmers have established that the planting of cover crops such a clover is essential during off-season times. In these times, the soils if left bare is subject to a number of destructive factors. It is the use of cover crops that sees to it that the soil remains healthy with the replenishment of soil nutrients, the reduction of weeds, as well as the reduction of the use of herbicides.

The significant reduction (and elimination of tillage)

In the industrial agriculture setting, tillage is adopted in the preparation of the fields for planting and the prevention of weed problems, but it can also lead to the loss of soil. Sustainable agriculture adopts practices that involve the insertion of seeds directly into the soil, without having to disturb it. This can reduce erosion as it improves the health of the soil.

The integration of the production of crops and livestock

Industrial agriculture is characterized by the separation of plants and animals in separate spaces. This entails keeping the animals away from the areas in which their food is available in plenty, and the plants away from the plentiful manure.

Evidence presented so far has proven that the smart integration of both crops and animals is a perfect recipe for the creation of farms that are more efficient and more profitable.

The adoption of agroforestry practices

The establishment of new farms does not have to involve the destruction of natural vegetation and trees. This is the reason why the new-age farmers are mixing the growing of trees with their operations. These farmers have established that the trees can provide shade to the plants as they also protect animals and the sources of water. They also have the potential to provide additional income.

The management of the surrounding systems as well as the landscapes

Sustainable farms are usually developed with the notion that the uncultivated and less cultivated areas are integral to the existence of the farm. They are actually seen as being very valuable in that they help with the control of soil erosion, the reduction of the runoff of nutrients, as well as supporting the life of the pollinators.

As we gradually adopt sustainable measures in the agriculture industry, it is important to also have a look at how those measures will affect us directly. Farmers and investors are, for instance, more interested in the implementation of strategies that directly affect the nature of their revenues. If you are such a farmer or investor, you can get started by understanding the state of the industry, as well as what we can expect within this decade.

Is The Agriculture Industry At Stake? If So, How Can You Survive and Remain Profitable? 

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There you go with the best alternative agriculture systems! I hope that this article was enlightening and that you are now well-placed to share a thing or two with your colleagues with regards to the subject matter. If you have any questions with regards to the same topic, reach out to me by dropping them in the comments section.

I wish you well,

Eric, Investor and Team Member at Gold Retired!

What is edible insect farming? Why is it getting popular as time goes by? Who needs insects anyway? Such are the questions that I was asking myself recently, and I decided to do some research with regards to this topic. Truth is, we are entering an era of food insecurity like no other, and different measures are being taken to ensure that we do not starve to death when push turns to shove.

The current food situation in the world – What you should know about it!(how to survive and profit)

For starters, I know that thinking about a plate of insects is most definitely something that is bound to gross you out. unfortunately, we are living in times that gradually dictate our fate. Going through the pandemic period has taught us a thing or two about the very unexpected happening. I am not saying that you start trapping insects to sample their taste gradually, but you might want to accept the idea that insect food will at some point in the future be selling like hotcakes.

In this article, you will learn what insect farming is all about, along with its benefits and drawbacks. Let us get into it without further ado:

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What is insect farming?

Insect farming refers to all the processes that go into the raising and breeding of insects. In this case, the insects are perceived as livestock with six feet. They are, however, reared in significantly higher numbers than cows, goats, and sheep. The insects in insect farms are referred to as mini livestock or microstock.

There are several different insects that are farmed by human beings for use in different settings. For the sake of today’s article, we shall focus on edible insects, that is insects that can be used as food for human beings.

In most parts of the world, eating insects is not a common thing, and is actually not an idea that most people would be very comfortable with. There are however some byproducts of insect farming that people can eat, and this makes the whole concept of insect farming quite broad.

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Examples of edible insects

(My apologies beforehand, but you should know that is highly likely that you’ve already consumed insects or insect products. Buckle up! )

1. Cochineal Bettles

These are reddish insects that are reared for the red dye that is used for different purposes. It has so far found its use in cosmetics, paint, and fabric making.

The dye is also used in various foods. Do you have any reddish foods in your house? Check the label if you can see any of the following names:

• Carmine dye
• Cochineal
• Natural Red 4
• E120

If you see anything like that on your favorite candy, yogurt, or juice, sorry to break it to you but you are way ahead of time- and you already acquainted with the consumption of insects.

Cochineal beetles love the prickly pear cacti, so the two are bred and farmed together. On average, it takes close to 100,000 of the cochineal beetles to produce 1 kg of the red dye.

2. Cockroaches

I know you weren’t quite ready for this one, but we have to get it out of the way anyway! Every time you see a roach, your mind thinks about the nearest object that can be used to kill it. That is how society has programmed us. In fact, you are highly likely to not live in a house if you discovered that it had a colony of roaches.

Breed cockroaches for sale is definitely an absurd idea, and one I’m sure you may not be very open to hearing out the reasons as to why it is a viable money maker.

In China, cockroaches are farmed by so many people, and they’ve actually gotten used to consuming these insects. The good thing is that roaches are superb breeders and are very hard to kill, so they are a foolproof venture. All you need is a large market base comprising of hungry cockroach eaters. Well, good luck with that, but if you can get them hooked on cockroach meal, then you could be making a huge amount of money protecting the same roaches that others kill.

P:S: In case you are wondering, roaches have the texture and taste that borders that of a greasy piece of chicken. Not that bad, ay?

3. Crickets

This is one very promising microstock, as far as edible insect farming is concerned. You may have already come across videos or articles talking about cricket farming and cricket products.

This is the one insect that most human beings, including those in the West, are quite open to having a taste of.

Why this insect? You may ask. Scientists have established that crickets have a very impressive nutritional profile. This makes it very viable for human consumption.

Crickets can be prepared using a variety of approaches, including:

• Deep-frying
• Boiling
• Dry roasting
• Baking
• Drying and grinding into cricket flour

The cricket flour is very nutritious and can be used in several dishes.

If you are thinking of a meal that you and your pets can comfortably share, then you have a perfect solution –crickets! These insects are also fed to birds, other mammals, reptiles, as well as fish.

As you can see, crickets are definitely a viable solution as far as tackling global food insecurity is concerned.

Is edible insect farming the way to go? Have a look at what the investment experts think is the way to go!

4. Mealworms and buffalo worms

These insects resemble each other a lot, but they are reared using different approaches. They are a favorite to people in various industries since they can be used as:

• Human food
• Pet food
• Fishbait

They are also used to break down plastic products and for animal testing.

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The benefits of insect farming

Insect farming has been hailed for a couple of reasons, including the ones below:

• They use significantly less space and resources, and they barely lead to any sort of environmental pollution.
• They have a very impressive nutritional profile.
• Farmers incur very low costs of production per unit of food.
• They breed very fast and can withstand many tough conditions.
• They rarely succumb to or transmit diseases to each other.

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It is easy to tell that edible insect farming will be part of the global strategy to feed the fast-growing population. Does this mean that we should start investing in insect farming? Are there any other ways to make money in this industry that we should not overlook? What do the experts have to say about the achievement of profitability in this industry? Here is a recommended resource that you should definitely have a look at if you are planning on becoming an investor in agriculture, or a farmer:

The 4 part Agriculture Series That Will Prep You For This Decade | Investing In Agriculture Like A Pro!

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That will be all for this article on what edible insect farming is about. I hope you had a thing or two to learn. Now go ahead and share it with a friend who needs to know what we could be up against in the future – eating insects instead of killing them. 😉

I wish you well,

Eric, Investor and Team Member at Gold Retired!

What can you do if you want to start profitable farm businesses? Are there any ideas that you can implement to ensure that you reap maximally even though you have a small piece of land? In today’s article, we shall be exploring some of the ideas that I came across recently when researching profitable farming.

The more you learn, the more you earn – Here is what you might want to learn as an investor or farmer 

Most people think of farmers as people who have enviable lives. When questioned, however, the farmers may have a different story to tell. They can for instance talk of being prisoners to the buyers of their products, and of how the weather keeps on disappointing them. the most interesting thing about these farmers is that you will barely find them talking about how they will switch to city life. Most of them will focus on finding ways to make their small businesses profitable.

To achieve profitability in any line of work, one must apply entrepreneurial principles. An entrepreneur constantly thinks about he or she can maximize the revenue from a given business, even with limited resources. This applies to those in the agriculture industry as well. If you are a farmer who wants to earn more money despite having a small piece of land, you can consider the following ideas:

1. Try out gourmet and medicinal mushroom farming

Mushroom farming  is a very lucrative venture. If you want to optimize your earnings, you can try out the special mushrooms instead. You will make more money if you can consistently produce medicinal and restaurant-grade mushrooms.

If you stick with the button mushrooms, you may not earn as much money, since you will be competing with many other farmers to deliver to supermarkets. Depending on the type of mushroom that you choose to grow, you can end harvesting some after about 15 weeks. With your customers on stand by at all times, you will definitely be glad to reap your harvest and sell it all at a higher price.

You can read more about Gourmet and medicinal mushroom farming in relevant books, just to get a clearer idea of what to expect throughout the farming period.

2. Snail farming

Snails are in most cases perceived as pests. Snail farming, or heliciculture, as is popularly known has been around for a long time. People in developing nations are actually taking up snail farming, owing to its perceived profitability.

Snail farming is one of the businesses that you can start small and scale up as you develop a stable and regular market for your harvest. Provided that you can get shelter and food for the snails, you should be well on your way to profitability if you follow the best snail farming best practices.

3. Fish rearing

Fish farming can be quite a profitable business. If you start out with Tilapia, you will need to have the farm in a region whose water temperature is about 20 degrees Celcius (68 degrees Fahrenheit). If you are living in a region in which the temperatures is lower than this,  you will have to look for ways to heat the water- this can end up being quite costly if done over a long period. Thing is, your fish will survive in the low-temperature conditions but will have a slower growth rate.

You can harvest your fish in about 6 months after obtaining them from a supplier. The good thing is that there is a ready market for fish, hence you can make an impressive amount of money every 6 months.

What does it take to be a successful farmer in this decade? Here is what you need to know so that you can arm yourself accordingly (financial)

4. Breed dogs

Dog breeding is obviously a controversial subject and one that most people would not be very open to being proponents to. In most countries, there are animal shelters that have many dogs that are waiting to find new homes. This withstanding, there are people who still want specific pedigree breeds.

If you can breed the small and rare dog breeds, you can have a  decent return on your investment. The large dog breeds may be more expensive to maintain and bring up, so you can save those for a time when your business is fully-fledged.

5. Sell farm by-products

Even on a small farm, there are many by-products which you can resell and get a profit. Some things you can consider reselling include:

• Feathers- If you are rearing any feathered animals on your farm, you can collect and sell their feathers. There are people who love using the feathers in a variety of crafts such as ornaments, hats, etc.

• Manure- manure is an eco-friendly alternative to the regular fertilizers that damage the soil. If you have animals that produce manure in your farm, you can package it in bags and sell it in garden centers.
• Wood – if you have excess trees on your small farm, you can clear some away and sell them as firewood to those who would need it.

6. Rear bees and rent them out

Most people know bees for their capability to produce honey. In addition to that, they are also great pollinators. The colony collapse disorder, however, led to a drastic decline in the bee population. This means that farmers who want their crops to be pollinated have to source for the bees elsewhere.

Did you know that you can make about $136 per hive if you rent them out to field owners for pollination purposes? Certain crops and fruits are heavily dependent on insect pollination, so you can view this as an opportunity worth exploring.

7. Flower growing

If you have been growing food crops such as potatoes, wheat, and millet, switching to flowers may seem like a very odd thing to do. If you do it, right, however, you can make some good money through:

• Growing flowers to resell to florists
• Growing flowers that can then be sold to other farmers who want to start flower farming.
• Selling the mature flowers to the public
• Selling dried flowers and flower parts to those who make various crafts.
• Selling dried flowers to confetti makers.

With a small portion of land, you can grow high-value flowers and profit from selling them to various customers.

The global population is growing at a fast rate, and there’s a need for us to learn how to utilize the limited spaces to profit from agricultural activities, as we also feed our families. By going through the 4 part series recommended below, you can acquaint yourself with the knowledge on the state of agriculture in the present-day world, as well as how things are expected to turn out in this decade. Owing to the frequently occurring events and circumstances (e.g the Covid-19 pandemic), it is becoming more apparent that we need to equip ourselves with knowledge on how to survive even in the tough times. Here is something worth checking out if you are a farmer or an investor in the field of agriculture:

Surviving the looming food security challenges in this decade | Expert’s take on how to remain profitable

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Thank you for reading through the article about how to start profitable farm businesses. I hope the ideas presented herein were beneficial, and that you now know which ones can work for you, based on the resources that are within reach. Are there any ideas that you think that I left out? Be sure to share them in the comments section. You can also share the article with a friend who would benefit from the information in here.

I wish you well,

Eric, Investor and Team Member at Gold Retired!

Today we shall be looking at new farming technology in agriculture. We have come a long way from the use of simple and archaic farming methods that were linked to low food production. Over the years, there has been a gradual increase in the demand for food that has in one way or another sparked creativity and innovation in a bid to meet these demands. Now more than ever, investors are becoming more interested in the state of affairs in this industry in a bid to profit from providing solutions to the existing problems.

Read more about the current food situation ( and what we are up against) 

We for instance are aware that various factors have led to the increase in the costs of supplies, the shortage of labor, as well as major changes amongst consumers in terms of their preference for more transparency. 

In the last decade alone, this industry has grown by a significant margin. Investors, have for instance, poured in  $6.7 billion into this industry, in the last 5 years alone. We have seen major strides in innovation lead the way in as far as sustainable agriculture is concerned, more so in the areas revolving around: 

• Vertical farming
• Automation and robotics 
• Livestock technology 
• Modern greenhouses 
• Precision agriculture 
• Artificial Intelligence 
• Blockchain 

Let’s dig deeper into some of these new farming technological advances in agriculture. 

Indoor vertical farming

Indoor vertical farming is the practice of growing crops by stacking them above one another, in an environment that is not only closed but also controlled. It is one of the farming practices that is aimed at maximizing crop production in very limited land parcels. It helps with the reduction of the distance that is traveled all through the entire supply chain. 

Since the growing shelves are usually mounted vertically, the horizontal landscape is reduced significantly, which is unlike the case with the traditional farming methods. 

Vertical farming is mostly a city and urban agriculture concept, in which farmers are capable of running profitable vertical farms in the limited space. Vertical farms are also unique in that some setups do not need to have soil for the crops to grow. We for instance have the hydroponic setups in which the vegetables in placed in bowls that have sufficient nutrients. There are also some aeroponic settings in which the roots are usually sprayed with water and nutrients in a controlled manner. Instead of using natural light from the sun, artificial lights are used in these settings. This approach to farming has some outstanding benefits, including the following: 

• It maximizes crop yields 
• Reduces labor costs – the use of robots to handle planting, harvesting, planting, and logistics usually solves the labor costs problem quite well. 
• Minimized water and energy consumption- these farms use 70% less water than traditional farms. 

Livestock farming technology

The traditional livestock industry as we know it is quite underserviced. The resources provided by livestock are essential for our survival as human beings, on a day to day basis. Traditional livestock management has been all about the creation and running of businesses in the form of: 

• Poultry farms
• Dairy farms 
• Cattle ranches 
• Pig farms, etc. 

Livestock managers are expected to maintain very accurate financial records, as they supervise workers, and follow up on the proper feeding of the animals in the farms. Recent trends in the industry have, however, revolutionized the state of affairs in animal farms. The livestock industry is gradually turning into a data-driven sector, for which the overall management and tracking of livestock is much easier. We have seen the technological advancements come in the form of nutritional, genetics, and digital technology- all of which have helped farmers do a better job at animal rearing. 

Agricultural investing with clarity – Deepen your knowledge on how to make money even when the industry is underperforming!

Sensor and data technologies have had such a major effect on the approach used in the provision of care to animals. Farmers can now detect the sick animals very quickly, hence increasing the chances of recovery after treatment, and consequently minimizing the chances of low productivity.

Not forgetting that we have seen the rise of better approaches to animal genomics, in which the livestock producers are in a better position to understand the genetic risks faced by the animals. This makes it easier for them to focus on seeing to it that the future profitability is not compromised, through making sound animal selection and breeding decisions. 

Blockchain in agriculture

The agriculture sector has not also been left out in the use of blockchain technology. There are some issues that have effectively been solved by the use of this technology, including: 

• Food fraud 
• Safety recalls 
• Food traceability
• Inefficiencies in the supply chain

Blockchain technology relies on a unique and decentralized structure that sees to it that all products and practices are verified, hence contributing to the much-needed transparency. 

Food traceability is perhaps the biggest win in this case. Most food crops are perishable, and this characteristic, when not taken into perspective quite carefully, can lead to the lives of many human beings being put at risk. 

Traceability is therefore quite essential, in the way it ensures that there is no uncertainty as far as the quality of food is concerned. Having a blockchain structure sees to it that every player in the entire food chain generates and shares data points that enhance accountability. It, therefore, becomes quite easy to obtain records of the food items’  journey, from the time they leave the farm to the time that they get to the consumers’ tables. 

Artificial Intelligence 

Digital agriculture has come with several benefits to those who have all along been interested in the use of data to improve decision making. This is why we have seen the rise of companies whose objective is to manufacture remote sensors satellites and UAVs that can collect information in farms on a 24/7 basis. With these devices, farmers can collect data on plant health, the state of the soil in the farms, as well as conditions such as temperature and humidity. A lot of data is generated by these devices, and all it takes is the use of equally efficient software programs to help with the demystification of the patterns in the data. 

The good thing about using AI devices is that they can process data, adapt, and learn based on the collected data. The more the data that is collected over time, the better the device algorithms become at predicting the possible outcomes. This, on the overall, leads to farmers getting better results in the form of more produce. 

The use of new technology in the field of agriculture is supporting the agenda to have more food produced to satisfy the ever-growing population. Investors and farmers are, in addition to the use of such technology, being necessitated to rely on solid research about the state of this industry for them to make strategic moves. Here is an agriculture 4 part series that will give you an insight into the type of data they are looking for in order to thrive:

Recommended Agriculture 4 part Series | Agriculture Investment Experts’ Insights 

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That will be all for this review on new farming technology in agriculture. Are there any suggestions that you have with regards to the topic? Let me know in the comments section. Also, have a look at the recommended article for more insights on the state of the agriculture industry.

I wish you well,

Eric, Investor, and Team Member of Gold Retired!