Title: How Is Technology Paving The Way For Digital Farming Globally And In India - NAFA
1- How Is Technology Paving The Way For Digital
Farming Globally And In India - NAFA
2Table of content
- How Is Technology Paving The Way For Digital
Farming Globally And In India
Data Analytics Help Farmers Make Informed
Decisions
- Lot Is Transforming Agriculture Tremendously
Farmers Can Become Financially Resilient And
Generate More Food By Using The Technologies.
Cloud Computing Helps Farmers In Collecting,
Analysing, And Storing Valuable Data
Wrapping Up
3About Us - Financing Solutions For Climate
Resilient, Future Ready Profitable Farming.
- Netafim Agricultural Financing Agency Pvt. Ltd.
(NAFA) was promoted by Netafim Group, Israel to
finance the stakeholders in micro-irrigation
value chain. Netafim invented and pioneered the
adoption of drip irrigation system across the
world with the mission to promote a global change
in the way water is used in agriculture. - One of the major hurdles in adoption, of micro
irrigation by farmers, was their access to
finance, hence Netafim decided to provide
financial solutions to the stakeholders in micro
irrigation value chain. NAFA, the Non-Banking
Finance Company (NBFC) of Netafim Group, received
the RBI license and commenced operations in
March2013.
4- How Is Technology Paving The Way For Digital
Farming Globally And In India
- Agriculture is one of the oldest sectors and has
been radically transforming. And technology has
been one of the foremost drivers of agricultural
transformations leading to advancements in
equipment and improved productivity. The
digitalisation of farming is enabling efficient
cultivation leading to more yield, increasing
farmer incomes and boosting the economy.
Technologies like artificial intelligence, IoT,
cloud computing, connected sensors, and other
emerging technologies are leading to sustainable
farming globally. - Consequently, framers can make the most of
agricultural equipment leasing companies and
avail of agricultural loans from NBFCs like
Netafim agricultural financing agency (NAFA) to
upgrade their farming practices by adopting the
latest technologies.
5- Data Analytics Help Farmers Make Informed
Decisions
- The world population is expected to reach 9
billion by 2050, and the demand for food will
increase by 70 by 2050. Simultaneously, the
agricultural output should rise to meet the
projected demand for food in the coming years.
Technology is of utmost importance to catch up
with the rising demand, and the utilisation of
data analytics in agriculture would help to a
great extent. - There are innumerable data analytics benefits in
agriculture with emerging precision farming and
data-driven solutions. The Agriculture Analytics
Market size was valued at USD 0.8 billion in
2020, and it is projected to increase to USD 1.4
billion by 2025 with a CAGR of 12.2. By
leveraging data, farmers can increase
productivity, and with the help of real-time
data, they can gain information and understanding
about environmental challenges. - Data analytics also help farmers monitor the
crops health and create predictive analytics
about future yields. Furthermore, they can ward
off many risks and make a decision based on
trends, reducing waste and increasing their
profits.
6- Iot Is Transforming Agriculture Tremendously
- The IoT-based agriculture market size was valued
at USD 11.9 billion in 2020, and it is expected
to reach USD 18.7 billion by 2026 with a CAGR of
8.8. In IoT-based smart farming, monitoring crop
field conditions with sensors such as soil
moisture, temperature, humidity, and more is
extremely easy. - It helps automate irrigation systems by adopting
internet connectivity and monitoring field
conditions anywhere and anytime. IoT also helps
reduce the need for manual labour by using remote
sensors, computer imaging, machine learning, and
analytical tools. - IoT-based agricultural devices with integrated
farming equipment like NetBeat perform various
functions such as operational efficiency,
maximising yields, minimising wastage, cost, and
energy, increasing profitability, and protecting
the environment through real-time data. These IoT
in agriculture technologies consists of unique
equipment with wireless connectivity, software,
and IT services.
7- Cloud Computing Helps Farmers In Collecting,
Analysing, And Storing Valuable Data
- Cloud computing in agriculture allows farmers to
collect data from soil sensors and high-quality
satellite images to make informed decisions and
manage their crops efficiently. The wireless
sensors help gather real-time data and machine
learning algorithms analyse the data to aid
farmers with the proper understanding of the
farming environment. - The sensors monitor the soil in real-time and
collect data in the cloud-based system, and
artificial intelligence automatically analyses
it. Farmers can adopt precision farming that
leans on technology and reduces the harmful
effects on the environment. Global greenhouse gas
emission is a serious concern that the world is
dealing with and agriculture, forestry, and other
land use contribute to 24 of greenhouse gas
emissions. All the technologies like Artificial
Intelligence (AI), Internet of Things (IoT), and
cloud computing helps in minimising harmful
environmental effects and maximising
productivity, decreasing the use of water,
fertilisers, pesticides, and much more.
8- Farmers Can Become Financially Resilient And
Generate More Food By Using The Technologies.
- According to World Economic Forum, India can
unlock an economic value of 50-65
billion through digital farming by 2025. With the
help of technology, farmers can mitigate various
risks such as climate change and become
financially resilient. - Furthermore, Netafim agricultural financing
agency(NAFA) helps by providing on-time
agricultural loans to make the most of the latest
technologies in farming. Growers and farmers can
access the all-in-one digital farming
solution NetBeat, which monitors, controls,
analyses, fertigates, optimises yield and reduces
costs. NetBeat software enables farmers to manage
all their activities from a smartphone.
9- Technology is paving the way for digital farming
globally and in India and allowing the farmers to
sustainable agriculture, reducing environmental
effects, increasing income and produce by
automating the processes and shifting towards
precision agriculture. This futuristic and
sustainable model is helping farmers propel
Indias economy and take it to the next level.
And the farmers relying on agricultural loans to
level up with the advanced technological
agricultural practices can lean on Netafim
Agricultural Financing Agency(NAFA) for financial
solutions to help smart agriculture and
automation.
10What We Promote?
Sustainable Agriculture Practices by promoting
climate resilient technologies by focusing on
using water efficiently to reduce negative impact
on environment.
Access to Financial Service To small holder
farmers and Small Medium rural agri enterprises
Improving Farmers Income Level By helping him to
adopt cash-crops, increasing crop-productivity
and helping him to grow more with less
11Thank you
Netafim Agricultural Financing Agency Pvt. Ltd.
(NAFA) Registered Office 1602 1603, The
Affaires, 16th Floor, Plot no. 9, Sector 17, Palm
Beach Road, Sanpada, Navi Mumbai 400 705,
Maharashtra.
Phone Number 91-22-6170 7600 Toll-Free 1800
2677762 Whatsapp 91-8928493972 Email
info_at_nafa.co.in customercare_at_nafa.co.in
Web https//nafa.co.in