Bringing Advanced Technology & Innovation to Farming
We aim to bring the best solution to the Indian Agriculture Industry with the help of smart minds available across globally and with the help of advanced R & D Facility. We want to make Farming a viable and scalable business for everyone especially the younger generation.
We Aim to Solve these Problems
Erratic Drastic Climate Change
Labor Problems & Increase in Costing
Increase in Raw Material Cost
Increase in Interest Rates of Loans
Increase in Farmer's Suicide
Erratic Drastic Climate Change
Over the past few years, the climate has become more and more erratic in nature and is becoming less predictable. Climate change causes early rains, and heavy drought in summer which is not the general expected thing from the farmers. This causes changes in the life cycle pattern of plants and animals.
Depletion of Nutrient Rich Soil
Plants require nutrient-rich soil to grow and survive. Climate change along with the partially caused by other pollution results in the depletion of soil sources. It reduces the soil’s integrity which makes the plant roots lighter and not stronger causing plants to die. Also, droughts may occur which leads to erosion of soil wiping away the plants as well.
If the soil cannot rebuild itself using the available nutrients, eventually the regions will be deserted slowly which will cause animals to migrate to find more secure sources of food and water. This also affects the birds and insects, especially the bees that play a major role in farming.
Labor Problems & Increase in Costing
Labor shortages in agriculture result in lost economic earnings from farmers via unpicked crops and wasted food. The shortage also leads to an increase in the labor cost which is really difficult for the farmers to manage the expenses and they have to sacrifice their profit margin because of this. Shortages also drive cycles of environmental misuse and unsustainable land management practices.
In some circumstances, shortages also generate a shadow labor market, where vulnerable people are exploited.
Increase in Raw Material Cost
The World Bank (2021) reported that the high price of fertilizers has been bolstered by increased prices of raw materials to produce fertilizers. For instance, the cost of phosphate raw material costs particularly sulfur and ammonia have increased sharply due to COVID-19 restrictions on transport that caused limited input supplies.
In addition, urea feedstock costs have also risen, including natural gas prices (to produce urea) which jumped in early 2021 due to unusually cold weather.
The increased transport expenses in the delivery of fertilizers from its country of origin to the local dealer’s level also affected local fertilizer prices. Among the overhead expenses include duties, arrastre, wharfage checker age, stevedoring, weighing or bagging, and trucking. This will be incurred upon the landing of fertilizers from port to its transport to the distributor’s warehouse and to the different dealers nationwide. An increase in freight cost in has been also recorded due to an increase in fuel prices.
Increase in Interest Rates of Loans
India’s Reserve Bank of India (RBI) in an off-cycle monetary policy reviewing meeting, hiked the repo rate by 0.40% — the first such hike in nearly four years as headline CPI inflation in March 2022 sharply accelerated to 7 percent. In short, the days of ultra-low interest rates are now over for the agriculture industry.
Increase in Farmer’s Suicide
According to the Economic Times, the agricultural sector generally has poor economic growth. Due to this, the Indian farmers are constantly in distress. Crop failures, non-remunerative prices for crops, and poor returns over the cost of cultivation have led them into a vicious cycle of never-ending debt.
Between 1995 and 2013, almost 2 lakhs, 97 thousand farmers committed suicide in the country, according to the National Crime Records Bureau, drawing attention to their dismal condition. More challenges in the coming years are likely to compound that impact on farmers.