Agriculture is probably the oldest profession in the history of mankind. In spite of being the backbone of many economies across the globe, innovations in this industry were few and far in-between. In the 20th century, unprecedented population growth rates were witnessed, throwing governments into a dilemma. Famines were widespread, forcing decision-makers to focus on optimizing agricultural production.
Increasing urbanization and industrialization has resulted in a significant decline in per-capita arable land. Improper agricultural practices has resulted in poor productivity and reduced soil quality. Agricultural wastages are also at an all-time high. These factors are cumulatively expected to drive the agricultural industry. In order to optimise production and reduce crop losses, a variety of herbicides, pesticides and insecticides are used. Soil quality issues can be countered with fertilizers. One major challenge would be the lack of awareness among agricultural practitioners about the correct usage of these chemicals.
The future of the agriculture industry depends heavily on how well cutting-edge technologies are integrated with existing agricultural practices. Technologies such as IoT, Connected and Smart devices, automation & robotics, drones and advancements in bioengineering are all expected to play a crucial role in the future of the agricultural industry.