Agritech: Shaping Agriculture in Emerging Economies, Today and Tomorrow | WEF

#Innovation, #Investments, #Sustainability, #Technology

The report explores how agritech can revolutionize agriculture in emerging economies through innovation.

The agricultural sector supports the livelihoods of over 1.23 billion people globally. To meet the growing demand, driven by a predicted global population of 9.1 billion by 2050, food production must increase by 70%. Agritech has the potential to help achieve this by improving efficiency without requiring more resources.

Technologies like AI, IoT, robotics, and blockchain are already reshaping agriculture through intelligent crop planning, smart farming, and improved post-harvest logistics. However, adoption remains slow among smallholders, especially women farmers, who face additional socio-economic barriers. The report highlights the need for inclusive solutions that address these challenges, promoting gender parity and public-private collaborations.

Governments and private sectors must work together to scale agritech innovations. Successful partnerships, such as India’s Agri Stack and ADeX platforms, demonstrate how digital public infrastructure can drive adoption. Solutions like smart logistics and blockchain-based traceability systems enhance market transparency and efficiency, while robotics and AI-driven systems enable precision farming.

As agritech grows, focusing on accessibility, affordability, and inclusivity will be essential to ensure that all farmers can benefit from the next agricultural revolution.

Check the report here: https://bit.ly/3YcF6ke