Manila, Philippines - Agriculture is considered to be a crucial economic backbone of the Philippines, with almost 60 percent of the nation’s poor employed in the sector’s agriculture, forestry, fishing, and aquaculture industries, according to the World Bank in 2023. Despite it being the primary economic activity in rural Philippines, the Banko Sentral ng Pilipinas cited in 2018 that the credit gap for the sector sits at over 360 billion pesos ($6.3 billion), highlighting fundamental … [Read more...] about GCash enters agrifintech with Mayani, seeks to bridge Philippines’ $6B agri-credit gap
Agritech
FarmByte and Archisen Sign Heads of Agreement To Deepen Partnership for Vertical Farming Development in Johor
The agreement proposes an investment of ~MYR 8.2 million (SGD 2.4 million) by FarmByte into Archisen and the establishment of an automated vertical indoor farm through a joint venture FarmByte, a pioneering digital-first agrofood company within the Johor Corporation (JCorp) Group, has signed a Heads of Agreement (HOA) with Archisen, a leading agritech company based in Singapore. Yesterday, both companies exchanged the signed HOA, proposing a FarmByte investment of ~MYR 8.2 million (SGD 2.4 … [Read more...] about FarmByte and Archisen Sign Heads of Agreement To Deepen Partnership for Vertical Farming Development in Johor
The smart future of agriculture
How can the earth feed nine or ten billion people? "Smart farming" is an important part of the answer to this existential question: Extremely high efficiency in food production through the targeted use of the latest technology, computer-supported and – where possible – fully automatic. Seeds are individually and precisely placed; fruits carefully picked by mechanical grippers; fertilizers and plant protection products applied in small doses and in a targeted manner. These operations … [Read more...] about The smart future of agriculture
