India: McKinsey Global Institute stressed on the need for India’s agriculture sector to implement technology based applications for considerable economic gains.
The considerable and very significant technologies underlined in the report are related to Precision farming aided by mapping, GIS and GNSS technologies. The potential economic impact of precision farming is estimated between 8-30 billion US Dollars – impacting 20% of the total arable land that can bring in 22 million farmers to enjoy the benefits of higher yields.
The significance for geospatial technologies highlighted by the report are:
– Precision farming: Use of advanced GIS/GPS based sensors to guide planting and irrigation;yield monitoring; variable rate technology to fine-tune inputs, improve yields, water and fertiliser efficiency
– Technology-enabled supply chain: Use of radio frequency identification, advanced GIS/GPS tracking and traceability systems to reduce wastage and ensure quality throughout the agricultural supply chain
– Leakage-free PDS: Reduce leakages in Public Distribution System (PDS) using GPS/SMS monitoring; verifiable digital identity; web portal for public grievances. In this front the report identified the states of Chattisgarh and Tamil Nadu to be implementing vehicle tracking for this purposes.
– Technology-enabled crop insurance: Use of real time data from weather stations to predict rainfall and calculate insurance payouts which can be automatically transferred to farmers through mobile banking.