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Cutting Edge Agriculture: How Artificial Intelligence, Satellites and Big Data are Transforming Farmers’ Access to Finance
There are many reasons for the $450 billion global agricultural finance gap. But much of the challenge stems from lenders' inability to monitor farmers' output, estimate their income and assess their risk of default, says Ruchit G Garg of Harvesting Inc. He explores how artificial intelligence and satellites are addressing that data imbalance, helping lenders reach many of the world’s 500 million smallholder farmers for the first time.
- Categories
- Agriculture, Technology
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Hardware Innovation is … Hard: How These Entrepreneurs Overcame the Challenges
Compared with the creators of app-based products, hardware-focused innovators face a much more difficult and expensive journey, says Villgro CTO Arun Venkatesan. The resources and time required to perfect hardware iterations are larger, the lack of a mature ecosystem is a problem, and the buyer is often distinctly different from the user or beneficiary. Venkatesan profiles four hardware innovators in agriculture and health care, discussing how they worked through these obstacles.
- Categories
- Agriculture, Health Care, Investing, Technology
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Meet The Nigerian Entrepreneur Depriving Boko Haram Of New Recruits
Kola Masha, a fellow social entrepreneur and recipient of a Skoll Award for Social Entrepreneurship, believes that there's a business solution to halting the spread of insecurity.
- Categories
- Entrepreneurship
- Region
- Sub-Saharan Africa
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Why Coffee Farmers are Poor – And How an Innovative Ownership Model Can Help
Joseph Nkandu grew up on a coffee farm in Uganda and knows firsthand how farmers struggle to earn a living. While agriculture dominates Africa's economy, value chains largely exclude farmers from much of the retail value of their produce - a system that keeps many coffee farmers from generating savings and reinvesting to improve their yields. Nkandu founded the National Union of Coffee Agribusinesses and Farm Enterprises, where he advocates a "farmer ownership model." That model, he writes, is ready to scale.
- Categories
- Agriculture, Entrepreneurship
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China’s agricultural paradigm shift
China’s agricultural support policies are moving towards marketised institutions, after a decade of state subsidies for direct production resulted in oversupply.
- Categories
- Agriculture
- Region
- Asia Pacific
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Press release: Monsanto’s Venture Capital Arm Makes First Direct Investment in Brazil
Start-up company that created a platform to digitize the grain buying and selling chain, Grão Direto, receives investments worth R$ 2.3 million from three companies
- Categories
- Agriculture, Investing
- Region
- Latin America
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Sun, Water, Data: How to Truly Grow Africa’s Agricultural Transformation
Technologies such as blockchain, the Internet of Things and machine learning are expected to enable a new era of agricultural prosperity in Africa. But many of Africa’s millions of smallholder farmers experience difficulties because they lack access to quality data. Dr. Gilbert Saggia of SAP East Africa asks how the continent should adopt new technologies across the agricultural value chain to help its farmers meet the demands of a population that is expected to grow by 1.3 billion people by 2050.
- Categories
- Agriculture, Technology
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Blockchain technology is being used in the early disruption of Kenya’s agribusiness
In many emerging markets, food retailers along with smallholder farmers, struggle to secure loans and develop a credit history. And without the proper financing, many of them fail to scale their businesses.
- Categories
- Agriculture, Technology
- Region
- Sub-Saharan Africa
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