How Automation Can Help Increase Farmers’ Incomes - NAFA

1. How Automation Can Help Increase Farmers’ Incomes - NAFA

2. Table of content Benefits Of Automation In Farming About Us How Automation Can Help Increase Farmers’ Incomes How Do Farmers Earn More With Automation? Bottom Line

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 Automation Can Help Increase Farmers’ Incomes • The agricultural sector is consistently faced with huge workloads related to various metrics and processes. These include monitoring plant health, livestock welfare, and soil conditions; farmers also have to keep track of yields, finances, and repayment of various agricultural loans. On top of that, the current world population of 7.96 billion people has increased the demand for agricultural supplies worldwide, adding to increased pressure. • In this scenario, automation has been emerging as a boon for farmers. Now, they can automate farm management for better planning and outcome predictions. There are many cases of automation in farming, ranging from price analysis, inventory management, improved accounting, etc. All of these result in a maximised yield and enhanced efficiency and productivity. This can potentially increase the demand for agricultural machinery finance programs. In fact, a few agricultural equipment finance companies  like NAFA, have come forward to help farmers achieve their goals. • Farmer incomes could be significantly increased by adopting automation. So, let us take a look at automation’s benefits and ways it boosts farmers’ income.

5. Benefits Of Automation In Farming • Though automation might be intimidating to some farmers, it has many benefits. It is a misconception that automation can take away farmers’ jobs, but in actuality, it makes them highly productive and efficient. Let’s check a few of its benefits: • ● Improved quality: It is possible to boost overall quality analysis processes by implementing automated grading and sorting systems. The use of RPA can eliminate errors and enhance response time. • ● Increased productivity: Automation reduces the requirement for manual labour. Thus, production processes run almost non-stop. • ●Robust risk management: Automation enables continuous task monitoring at scale both efficiently and cost-effectively. The software uses AI and ML technologies to maintain high data accuracy. • ● High human performance: The majority of repetitive tasks can be automated, allowing workers to devote their full attention to other critical farm-related tasks.

6. How Do Farmers Earn More With Automation? • With automation, farmers can earn a better income in the following ways: • ● Reduced farming cost • It is a well-known fact that agricultural labour is expensive. As per NewBean Capital and Dr Kozai, around 26% to 40% of production cost is dedicated to indoor farming labour. The need for traditional manual work and plant science adds to high expenses. However, companies like NAFA have been helping farmers tackle these issues by providing needed financial help. • With the inclusion of robotics and automation in the farming processes, farmers can cut a significant amount of costs and boost efficiency. With agricultural automation, farmers get the facilities to allocate time better, where less time is given to routine tasks and more focus is given to value-based tasks.

7. How Do Farmers Earn More With Automation? • ● Climate-resilient farming • Farmers can earn income even under climate variabilities if they take an automated CRA (Climate-resilient agriculture) approach. It includes the use of available natural resources sustainably through automated livestock and crop production systems. Digitised livestock systems use multiple farming equipment to attain higher productivity—for example, plantation or sowing equipment. Furthermore, the affordable purchase of machines made possible by the agriculture equipment financeofferings helps farmers deal with adverse climate events. • ● Solve Labour shortage • 38% of farmers say they face difficulty finding qualified labour, while 30% can’t meet their temporary labour requirement quickly. Due to this, many farmers are adapting to less labour-intensive crops. However, with the harvest robots, repetitive tasks can be easily automated. Thus, the farmers would be able to save a huge part of their income with the remarkable labour cost and manpower reduction assisting labour shortage.

8. Bottom Line • Though farm automation is in its infancy; it can transform agriculture in multiple ways helping farmers to earn more. Moreover, agricultural equipment finance companies support the broader adoption of such advancements by providing affordable agricultural loans to farmers. Though automation technology is becoming more cutting-edge, the human element will remain fundamental in farm management. But, with high productivity levels, better work efficiency, and quick task deliveries with automated equipment in place, farmers can focus on approaching better revenues.

9. 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

10. 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