AGRIBUSINESS & FOOD SECURITY: AgTech System (Global)
When it comes to the global agenda, Food Security is right next to Climate Change. The global population continues to grow while climate variability and extremes are already negatively undermining the production of major crops in key regions. Not surprisingly, the number of undernourished people in the world has been on the rise since 2014, reaching an estimated 821 million in 2017 (FAO). In order to achieve Food Security, it is vitally important to develop sound policies and encourage innovation. The Precision Agriculture Market or AgTech market is expected to grow to $7.8 billion by 2022 and the Artificial Intelligence (AI) market in agriculture is expected to reach $2.62 billion by 2025. Case Study: TBG is assembling an integrated AgTech System to target this market by integrating precision agriculture solutions with innovative tools to offer a comprehensive package to farmers and agrifood companies across the globe. Today, 90% of the 570+ million farms worldwide are run by an individual or a family and TBG aims to provide those key food producers with the technological resources they need to increase crop quality and yield while decreasing production costs through the development of the integrated AgTech System.