World Agricultural Technology Investments; China, India, Dubai, Turkey
The fertility of Indian soils is very high. Therefore, the country’s advanced technologies need to be developed. Seeking new solutions while using water resources, the government began to develop technological agriculture.
Statistics from the Indian Ministry of Agriculture show that less than half of the farms in the country are generating positive economic returns. As a result, the Indian government has made it a priority to work towards increasing farm production and farmers’ income. Additionally, crop yields in India are much lower than the norm for the region. For example, the average rice yield in China is twice that of India, indicating that India has significant growth opportunity if new farming techniques are applied.
China ranks first in agriculture. Agriculture is an integral part of the world economy, especially for developing countries. It is the primary source of employment, income and food, and these basic needs are met by agriculture all over the world. According to the Food and Agriculture Organization (FAO), the world’s most agricultural countries are:
Dubai Investment Fund Invests in India’s Agricultural Technology
The Dubai Investment Fund (DIF), one of the world’s largest independent funds, has developed a phased strategic plan to invest in India’s agriculture sector, taking into account the challenges faced by investors as they seek to diversify their share in emerging markets. developed. In addition, one of the largest pension funds in Canada plans to spend a third of its money on emerging economies, citing India as an important investment destination in its rationale.
Dubai Mutual Fund is not the only fund with a positive outlook for India. Similarly, venture capital firms in India are investing substantial capital in digitizing the purchasing habits of Indian farmers. After the economic collapse that hit major countries, significant investment opportunities emerged in emerging markets, especially in India.
China’s farm products continued their steady growth momentum in foreign trade in the first three quarters of this year.
According to the Ministry of Agriculture and Rural Affairs, the trade volume of the country’s agricultural products increased by 10.4 percent year on year in the first nine months of 2022, reaching $248.51 billion. Compared to the same period of the previous year, exports increased by 21.5 percent, while imports increased by 6.4 percent. China’s agricultural sector saw its industrial value added increase by 4.2 percent year-on-year during this period.
Import Fair (CIIE), which will be held in Shanghai, China, between 5-10 November 2022, will be attended by representatives of 145 countries, regions and international organizations. Fair Office Vice President Sun Chenghai announced at a press conference that 284 giant enterprises, among which are among the world’s top 500 companies, will participate in the fair this year. This year, new exhibition spaces will reportedly open for industries such as grain seeds and artificial intelligence. Hundreds of agricultural, technology, consumer products and services will be shown at the fair for the first time this year.
AGRICULTURE IN TURKEY
Turkey is the world’s self-sufficient food supply country. It has suitable climatic conditions, fertile soils and significant rainfall that allows the production of all kinds of crops. Agriculture is carried out in almost all regions of Turkey. Poultry farming is widely practiced in mountainous regions. This contributes 1/4 of the gross value of the total farm production.
Turkey is a rich farm country
Minister of Agriculture Kirişci stated that the record of olive production in Turkey has been broken recently and said, “Our olive tree wealth has exceeded 189 million in the last 20 years. We rank 4th in lentil production. There is talk of chickpea import. We are in the second place in the world chickpea production. We are in the first place in wheat flour export. The production record of all time in herbal production will be broken. We will start working to eliminate arbitrary practices in the construction of agricultural lands. With the developed algorithms and software, plant production planning, classification of plants, yield estimation, detection of plant diseases, pests and weeds have become possible. Investments made in this field will carry the agricultural sector of our country to a further point.” said.
According to the UN, 90 percent of agricultural lands may be destroyed by 2050: ‘Soil and plant health must be the priority’