Agtech is a $100b secret weapon in the back paddock

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Agtech is a $100b secret weapon in the back paddock
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Agtech innovations are putting technology to help farmers to digitise their farming operations.

Australian farmers may need a large dose of resilience to thrive as fire, floods and droughts affect farming operations to the point of despair in some cases.Farmbot provides farmers with remote monitoring data to highlight detailed information on their water assets in real time.to become the nation’s next $100 billion industry by 2030. The sector is a growing source of income and investment, and a crucial part of the economy.

The big players in this space include Farmbot, which was established in 2014. It’s providing farmers with remote monitoring data to highlight detailed information on their water assets in real time, along with water trends and alerts anywhere in the world.Farmbot raised $2.7 million in a round led by Telstra as it rolls out thousands of water monitors across the rural sector.

We have high adoption of agritech across Australia, with the challenge ongoing as new technologies are applied every day.And companies like Mobble are helping to take the uncertainties out of farming. Mobble, which recently joined forces with Agworld, provides livestock and crop management integration for mixed farmers, all within an app.Association CEO Tracey Martin says the sector is starting to attract material investment and interest across state and federal governments.

“If it’s Australian agritech, you can rest assured it has been tested in all terrain. We have high adoption of agritech across Australia, with the challenge ongoing as new technologies are applied every day,” she says.

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