Basically Agrotech means Agriculture technology. It refers to technology use and improvement for productivity, yield and quality in agriculture. This sector has been improved due the advancement of technology. With Agrotech most of the processes, techniques and technology have improved profoundly.
Today, in the boom of the technological revolution, producers have been shifting to a much more mechanized system of operations and almost all the limitations of the past have been effectively eliminated.
According to Wikipedia.org, agricultural technology or agrotechnology (abbreviated agtech, agritech, AgriTech, or agrotech) is the use of technology in agriculture, horticulture, and aquaculture with the aim of improving yield, efficiency, and profitability. Agricultural technology can be products, services or applications derived from agriculture that improve various input/output processes.
Advances in agricultural science, agronomy, and agricultural engineering have led to applied developments in agricultural technology.
The history of agriculture has been shaped by technological advances. Historians have described a number of agricultural revolutions, which identify major shifts in agricultural practice and productivity. These revolutions have been closely connected to technological improvements. Irrigation technology was developed independently by a number of different cultures, with the earliest known examples dated to the 6th millennium BCE in Khuzistan in the south-west of present-day Iran.
A major turning point for agricultural technology is the Industrial Revolution, which introduced agricultural machinery to mechanise the labour of agriculture, greatly increasing farm worker productivity. In modern mechanised agriculture powered machinery has replaced many farm jobs formerly carried out by manual labour or by working animals such as oxen, horses and mules.
Advances in the 19th century included the development of modern weather forecasting and invention of barbed wire. Improvement to portable engines and threshing machines led to their widespread adoption.
The 20th century saw major advances in agricultural technologies, including the development of synthetic fertilizers and pesticides, and new agricultural machinery including mass produced tractors and agricultural aircraft for aerial application of pesticides. More recent advances have included agricultural plastics, genetically modified crops, improved drip irrigation, and soilless farming techniques such as hydroponics, aquaponics, and aeroponics.
In the first decades of the 21st century, Information Age technologies have been increasingly applied to agriculture. Agricultural robots, agricultural drones and driverless tractors have found regular use on farms, while digital agriculture and precision agriculture make use of extensive data collection and computation to improve farm efficiency. Precision agriculture includes such areas as precision beekeeping, precision livestock farming, and precision viticulture.
Today, in the boom of the technological revolution, producers have been shifting to a much more mechanized system of operations and almost all the limitations of the past have been effectively eliminated.
Agrotech is now the foundation of modern farming practices allowing the agricultural sector to also evolve to take advantage of the efficiencies that are beginning to manifest themselves.
Agrobusinesses
Access to clean, reliable energy enables farmers and agrobusinesses to increase food production and engage in value-added processing. It also allows farmers living in off-grid areas to replace expensive diesel generators with new and cleaner technologies, such as solar food dryers and solar water irrigation. The solar agricultural market is still in the early stages of development and barriers include the relatively high technology costs, limited awareness of the benefits, lack of appropriate policy incentives and limited access to finance for farmers and suppliers to make solar technologies more affordable.
We support enterprises that adopt, develop and market sustainable, cost-effective solutions for agricultural production, post-harvest and storage processing, including solar pumping, cooling, chilling and drying. These technologies result in saved costs, increased yields and local value capture for farmers or local agro enterprises. Our advice to businesses includes markets entry, product pricing, sales strategies, market assessments, payment solutions, route-to-market strategies and the agricultural value chain.
Venture Capital investment in agrotech industries
As it was to be expected, the Agrotech investment has increased as the applied technology for the industry has improved, even though until a few years ago investment fluctuated, the growth in the number of deals closed kept rising.
Up to 2020 in spite of the fact that it seems like few deals were closed, it is worthwhile to highlight that the total investment was 100 million USD only for this industry and only for Latin America.