Since 2012, the agritech space is increasing at a rate of 80%. The potential of modern farming technology to revolutionise the food chain has inspired investors to invest in the agritech industry. Several technologies such as analytics, big data, Internet of Things (IoT), Artificial Intelligence (AI) and Information & Communication Technology (ICT) are introduced into farm management solutions. IT enables farmers to access forward and backward cropping patterns, determine the best crop to plant, and continuously track and monitor crop growth and related requirements. As modern farming technology is dedicated to bringing sustainability and profitability in farming, growers are in the position of gaining maximum benefits from farm management solutions.
Farm management software is the heart of modern farm management solutions. It assists farmers in daily strategic operational planning efficiently. It allows them to collect, process, store, and disseminate agricultural data in the form of information helping in field operations. Additionally, farm management software helps in waste and damage prevention with its real-time working capacity. The integration and adoption of farm management software in modern farming technology should be accelerated as it provides multiple benefits in the agriculture lifecycle, such as:
Enhanced Planning and Tracking: As the farm management software gives a holistic view of all field activities and inputs on a single platform, farmers can efficiently plan and make the right decisions based on real-time data. It also suggests the appropriate time of all farm operations to optimise the productivity and quality of yield.
Cost and Input Savings: Along with the optimised resource inputs in the field, the software improves efficiency by combining the operational and business data. It enhances farmers Return on INvestment (ROI) significantly.
Improved Risk Management: Modern farming technology is developed to not only enhancing productivity but also to enable farmers to prepare in advance and reduce the impact of natural calamities. The software includes features to forecast weather conditions as well as pest detection. It helps farmers to have better control in the field and impede risks.
Compliance with Regulatory Requirements: Agriculture practices are not the same everywhere. Modern farming technology connects all individuals in the agriculture sector on a single digital platform to exchange their ideas, experiences, and also to provide/ receive guidance. The software provides compliance with global agricultural practices and traceability mechanisms to enable farmers to produce high-quality and safe yields.
Sustainability and Social Responsibility: All the above-mentioned features of farm management software reduce the farming impact on the environment. Optimised usage of resources reduces wastage and reduced use of chemicals maintains the soil fertility, leading to sustainable agricultural practices.