The Victorian government has announced a AU$15 million investment to enhance agricultural technology (agtech) for the state's farmers. A trial will begin in regions surrounding Maffra, Birchip, Serpentine, and Tatura from July 1, during which Internet of Things (IoT) networks will be installed for farmer and public access, the state government said. The funding will also be used for on-farm robotics, wireless technology, biotechnology adoption, and virtual fencing. Hundreds of farms will have sensors and devices installed to monitor and control farm operations. Data will then be uploaded through nodes, gateways, and servers for analysis which will allow farmers to view the results in real time.
In my article about the St. Joe Company JOE, "Two Tales Of One City," I presented a cautionary case of how climate change can (and will) negatively affect asset values. While it is important for investors to understand the risks of climate change, I also believe it is also crucial to understand what opportunities will arise as humans learn to adapt to a warming world. You might say that thinking about the investment opportunities available due to climate change trivializes the problem. The essential function of the capital markets is to channel needed investment capital into companies and projects solving difficult problems. If the problems a company is solving are important -- for example, the problem of feeding a global population totaling 7.5 billion people and growing -- the demand for company's goods and services should be high.
Amsterdam's Anterra Capital raises 125m to invest in agricultural technology startups. New technology in computing, hardware, and bioscience is giving a fresh impetus to the food and agriculture industries' attempts to devise sustainable ways of feeding the world's growing population. In the past five years, venture capital investment in such technologies, known otherwise as agtech, has grown exponentially, from 300m in 2011 to 4.6bn in 2015. Now, one European venture-capital fund wants to make sure European innovation isn't excluded from the growing pace of activity in the agtech industry, which tends to focus on the North American market. 'Don't call us Silicon Alps': How Switzerland battled a healthy economy to grow its own startup scene Sometimes, you really can have it too good - staying hungry and foolish hasn't always been easy for Switzerland's startups.
With 88% of primary farm operators men, agriculture tech has a long way to go to diversity. If you've never been to an agriculture-related conference, you're probably wondering what a pink ticket is. It's pretty common for guests to bring their spouse to agriculture shows and conferences have started selling programs specifically designed for those attendees. The spouse gets a pink ticket, and while conference attendees have the option to go golfing, spouses have a pedicure and Tiffany & Co. tour (this was a real option at a conference Allison attended.) Agriculture, and agriculture technology (agtech), in particular, is operating in a unique space.
Now, increasingly refined on-farm technologies such as robotics, sensors, genetic technology and the growing use and adoption of precision farming, are all likely to play a role in helping Australian farmers access higher levels of productivity - and profit. Our latest insight paper AgTech – Advance Australia Agriculture, launched in Tokyo at an ANZ and Austrade hosted event, shows a 1.5 per cent annual growth in capital investment and 3 per cent annual increase in productivity driven by scale-generated technology has the potential to help the Australian agriculture industry grow to $A98 billion in size by 2030, meeting 2.1 per cent of global food demand. In contrast, current trends of a 0.5 per cent a year increase in capital and a 1 per cent increase in productivity would see the industry grow to a $A74 billion industry, meeting just 1.5 per cent of global demand. The choices facing the industry have significant implications. Under a high growth scenario the cumulative growth opportunity above today's production level of $A63 billion totals almost $A418 billion by 2030 – compared with just $A177 billion in a low growth scenario.