Reddy said that over the next generation he has increased his gross income to 20, 000 pounds ( US$ 240 ) per acre on wheat at his plantation in the southern Indian state of Andhra Pradesh, away from 5, 000- 10, 000 pounds.
” We are on a sounder standing when it comes to agricultural methods, (using satellite data ) safeguards us from climate change, infestation and disease, problems with water scheduling”, he said.
The American government, which recently relaxed the rules for foreign investments in the area sector, is heavily reliant on satellite data to resolve issues on the ground, with agriculture as a top priority.
Reuters spoke with 11 experts, farmers, six startups in the sector, and three NGOs who claimed space systems and huge data were poised to lead India’s agriculture to new heights.
The success of India’s new space race depends on making the most of the power of information, and agricultural market apps have enormous potential, according to Pawan Goenka, the head of the Indian National Space Promotion and Authorization Centre, the country’s place regulatory system.
Market Research Future, an India- based data analysis firm, says the global space agriculture market will be worth US$ 11.51 billion by 2032, up from US$ 4.99 billion in 2023. China holds the largest market share, but India’s economy is expanding more quickly than any other country in the Asia-Pacific region, according to the report.
Cropin, which was founded in 2010 and has funding from Google and the Gates Foundation, recently forged a partnership with Amazon Web Services to analyze satellite data to address the issue of global food insecurity.
Cropin’s partnership with farmers, the World Bank and the government of India in 244 villages digitised more than 30, 000 farm plots, covering 77 crop varieties across climate- zones, a company project analysis in 2019 showed.
According to the study, 92 % of the farmers involved increased their average yield by 30 % and their farm revenue by nearly 37 %. Similar outcomes were obtained for the business in Africa.