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How Is Technology Paving The Way For Digital Farming Globally And In India - NAFA

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.

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How Is Technology Paving The Way For Digital Farming Globally And In India - NAFA

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  1. How Is Technology Paving The Way For Digital Farming Globally And In India - NAFA

  2. Table of content Data Analytics Help Farmers Make Informed Decisions About Us How Is Technology Paving The Way For Digital Farming Globally And In India 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

  3. About 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 March’2013.

  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. IoTalso 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. Wrapping Up • 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 India’s 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.

  10. What 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 Farmer’s Income Level By helping him to adopt cash-crops, increasing crop-productivity and helping him to grow more with less

  11. Thank 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@nafa.co.in customercare@nafa.co.in Web: https://nafa.co.in

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