Latest technology in agriculture:

According to the United Nations (UN), the world population, which stood at 7.7 billion people in 2019, is expected to reach 9.8 billion by 2050, pressurizing the food and agriculture value chain to achieve increased yield levels year by year to meet the global food demand.

With limited and constantly depleting natural resources and reducing arable land due to global urbanization, the need to optimize farm resources in order to produce agricultural commodities optimally is rising by the day.

Government across nations globally are actively indulging in developing efficient farm management practices to assist the farming sector in achieving the goal of food self-sufficiency.The trend of GIS software in agricultural industry is not only prevalent in developed countries, but developing countries are also gradually realizing its importance.

Governments of several countries have also realized the need and advantages of these technologies, and thus their initiatives to promote these smart farming techniques are expected to further drive the growth of the market.With rapid technological development in farming practices in the last decade, the global agriculture industry has transformed immensely, largely characterized by modern farming practices, owing to the implementation of smart farming solutions.

Such solutions include geographic information systems (GIS) that make farming profitable by focusing on site-specific planning.

The growing support from government bodies globally has boosted the development of GIS solutions, thus leading to growing adoption levels of the GIS software solutions offered by players in the market.

In the global workforce, agriculture is the sole industry that is responsible for providing jobs to 40% of the population.

And the fact is that agriculture is now modernizing itself by using blockchain technology.

Moreover, this technology is strengthening the backbone of companies developing blockchain solutions to bear any risk or crypto-encrypted transactional load.Blockchain In Agriculture Blockchain has already entered many industries and businesses like healthcare, real estate, mobile economy, and finance.

Let's pick the example of Australian-based Blockgrain, an agriculture agency which has adopted blockchain to fasten the operations with security.

The startup currently is enjoying the real-time transaction facility along with merchant/broker access to get maximum exposure of market and ROI.

Ease of operational traceabilityChoosing the best blockchain development companies would be a boon as they will help you get the right agriculture solution which has the potential to handle the risk and turbulence of counterfeit products that are often delivered to the consumers.

The Agricultural sector has been improved over the years due to the introduction of the technologyHere are some of the advantages and disadvantages caused to the agriculture sector due to the influence of technology in its performance.Advantages of Modern Technology in AgricultureThese are the benefits which are accrued to the agriculture sectors as a result of the use of modern technology in the food production and animal rearing.1.

This helps them to have control their work in the performance of the farms following a specific schedule.

Therefore, there will be less work done by the farmers because most of it is done by the machines.

Henceforth the workforce of the farmers is limited in terms of the costs of labor payment.2.

For instance, the rice crop needs a lot of water for the growth and henceforth, irrigation technologies can be the best ways for the growth and development of the rice crop.Also, some crops may require a little amount of water in their growth, therefore, this means dehydrating of the waters will be aessential way for the requirement of the crop.

Supply of water is the most essential factor in the growth and development of the crop and thus this technology has greatly supported the agriculture sectors more especially in dry areas.4.

The agricultural microbial are produced to boost the growth of the plant by providing improved access to supplements.

Many of the microbes are useful in nature as they help in the decomposition of organic matter, recycling of the old agricultural material offers heats and drought tolerance, protects plants from diseases and insects, and also gives phosphorus or nitrogen as nutrients.

All in all agricultural microbial are beneficial for both the soil and the plant and provides the global market with an upward trend for its rising awareness level and support provided by a number of agencies.

These factors are environment-friendly farming practices, growth in the need of high productivity, supportive microbe’s regulatory policies, the growing consumer interest in the organic products along with the rising consumer interest in it, and the increasing demand for the rise in food production to satisfy the increasing population.Some other factors that are leading the market forward are the rising and fast adoption of organic farming, use of artificial intelligence in precision agriculture, an increase in the cost of agrochemicals, the increasing potential for microbial seed treatment solutions and heavy demand in developing regions such as Latin America and the Asia Pacific is to contribute a solid foundation of growth in the market.Agricultural microbials are essential and a major aiding substance in enhancing the health of the plant and crop productivity by economical solutions along with preventing the disease outbreak, bettering soil health condition, and refining the nutrient transportation process.

These are used in the production of seeds, pulses, crops, grains, fruits, vegetables, dairy products, and poultry.

The Global Agriculture Microbial Market is projected to grow at a CAGR of 18.6% during the forecast period (2020-2025).