{"id":41144,"date":"2023-10-20T15:11:56","date_gmt":"2023-10-20T15:11:56","guid":{"rendered":"http:\/\/startupsmart.test\/2023\/10\/20\/video-how-agtech-is-transforming-australias-multibillion-dollar-food-production-sector-startupsmart\/"},"modified":"2023-10-20T15:11:56","modified_gmt":"2023-10-20T15:11:56","slug":"video-how-agtech-is-transforming-australias-multibillion-dollar-food-production-sector-startupsmart","status":"publish","type":"post","link":"https:\/\/www.startupsmart.com.au\/uncategorized\/video-how-agtech-is-transforming-australias-multibillion-dollar-food-production-sector-startupsmart\/","title":{"rendered":"Video: How agtech\u00a0is transforming\u00a0Australia’s multibillion-dollar food production sector – StartupSmart"},"content":{"rendered":"
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Head of Greenwood Orchards Lynton Greenwood<\/figcaption><\/figure>\n<\/div>\n

From collecting data on harmful fruit flies to help a whole community of agribusinesses, to replacing dated paper systems with online platforms, agtech is making a notable impact on regional Australia.<\/p>\n

According to the Australian Bureau of Agricultural and Resource Economics, agricultural production in Australia will hit $63 billion this financial year<\/a>.<\/p>\n

Agricultural technology, or agtech, is expected to drive this into a $100 billion industry by 2030, according to Powering Growth<\/em><\/a>, a 2016 report commissioned by StartupAus.<\/p>\n

Read more: Australia\u2019s first national agtech innovation hub launches with a $10 million startup fund<\/strong><\/a><\/p>\n

But what challenges are farmers and agricultural businesses owners facing today and what kind of impact is agtech having on their lives?<\/p>\n

On an agtech tour hosted by Microsoft, StartupSmart <\/em>visited business owners and farmers in Victoria’s north who are adopting new technologies to increase production efficiencies and tackle day-to-day challenges.<\/p>\n

“If mother nature is really kind to you, you’ll use less water, you’ll use less power,” Campaspe Shire Mayor Leigh Wilson tells StartupSmart.\u00a0<\/em><\/p>\n

“Technology plays an important role because the farmers that can tap into their climatic conditions, understand where the soil conditions are at and then follow the growth of their crops. They can get better yield.”<\/p>\n