Governments worldwide are recognizing the need to support farmers in adopting sustainable practices and investing in agricultural technologies to build resilience in the agricultural sector. Governments around the globe are undertaking initiatives to raise awareness among farmers and promote the use of advanced technologies in agriculture practices.
Government bodies in various countries are focused on launching awareness programs, reforming policies, and forming tie-ups with private sector companies to promote the use of modern technologies in agriculture. For instance, India’s Ministry of Agriculture & Farmers’ Welfare has undertaken several initiatives, including the National e-Governance Plan in Agriculture (NeGPA), wherein funds are being provided to facilitate the use of modern technologies such as Artificial Intelligence (AI), Machine Learning (ML), robotics, drones, data analytics, and blockchain to encourage digital agriculture in the country.
In addition, international organizations are also scaling up efforts and investing in supporting the agriculture sector. For instance, the World Bank Group’s Climate Change Action Plan (2021-2025) is increasingly supporting climate-smart agriculture across the agriculture and food value chains via policy and technological interventions to enhance productivity, improve resilience, and reduce GHG emissions.
Several governments around the world are encouraging the adoption of disruptive technologies in agricultural applications by providing funding and subsidies to farmers. For instance, in August 2023, Canada’s Ministry of Agriculture and Agri-Food announced investing up to USD 31,796.0 under the Adoption Stream of the Agricultural Clean Technology (ACT) Program to support the François Delorme farm in purchasing fertilizer spreader equipment with variable rate technology. Also, in June 2021, the Victorian Minister for Agriculture (Australia) launched the USD 10 million Digital Agriculture Investment Scheme as part of the Enabling the Digital Agriculture Revolution Program. Grants of up to USD 50,000 were made available to enable eligible farm businesses to invest in on-farm digital technology projects to improve the productivity, resilience, and long-term viability of their farms. Such government initiatives are boosting the adoption of precision agriculture solutions among farmers, driving the growth of this market.
Many governments in developing countries attempt to foster agricultural development and innovation by setting up funding facilities, extension programs, and support policies. Government initiatives emphasize implementing agricultural policies with the goal of achieving a desired outcome in agricultural production. Governments play a major role in the adoption of modern technology, such as precision agriculture technologies by extending support to the farmers. Therefore, government initiatives boost the adoption of precision agriculture solutions among farmers, driving the growth of this market.
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