Over the years, much progress has been made in agriculture to reduce hunger and improve food security and nutrition. Significant gains in productivity and technological advances have contributed to more efficient use of resources and improved food safety.

The world’s population is estimated to grow to almost 10 billion by 2050, boosting demand by around 50% compared to 2013. On the other hand, low- and middle-income countries are witnessing income and economic growth that would influence a dietary transition to higher consumption of fruits, vegetables, and meat over cereals.

These factors will provide major opportunities for agribusinesses to accelerate their 3Ps i.e., productivity, predictability, and profitability. However, major concerns and challenges persist.

Persistent Challenges in Modern Agriculture

Currently, the climate crisis challenges farmers’ livelihoods as an increased frequency of extreme weather events impacts the quantum and consistency of crop production. Climate change and mounting pressures on natural resources are likely to put global food security in jeopardy. Furthermore, these challenges will threaten the sustainability of food systems at large.

Modern conflicts, crises, and natural disasters reduce food availability and disrupt access to food, pushing many affected individuals back into hunger, undernourishment, and hunger. High chemical input and resource-intensive farming systems have also caused massive deforestation, soil depletion, water scarcity, and high levels of greenhouse emissions. As a result, modern farming methods cannot deliver sustainable food and agricultural production.

Boosting Productivity with FarmERP’s 3P Enhancer

In basic economic terms, agricultural productivity measures the relationship between input and output. With significant evolution in farming practices and technological advancements, farmers across various economies have grown more food with fewer resources, helping alleviate global food insecurity.

However, against a background of changing weather patterns and market volatility, farmers are faced with the need to make tactical and strategic decisions that influence long-term outcomes. This is where FarmERP’s productivity enhancer comes in to help disentangle the issues and navigate the solution space.

Agricultural productivity comes from the utilization of technology and efficient management of value chains. Today’s farm machinery and equipment are powered by IoT sensors and GPS systems to collect various data on the field. With next-generation technological capabilities, FarmERP leverages advanced data analytics to analyze each piece of information from the farm and deliver specific insights into various farming processes.

These insights aid farmers in making well-informed decisions to improve their productivity. FarmERP also provides a greater view of the value chain and identifies specific issues for farmers to take immediate action. The digital tool further allows farmers to compare climatic and agronomic factors for increased production as well as improve the allocation of available resources and inputs to improve productivity.

Predictability: A Foolproof Tool for Modern Farms

Predictive agriculture has always been a part of the farming system. A farmer must make predictions before planting crops. For centuries, human experience and vision have been important to make these predictions. However, amidst the unpredictable changes in weather conditions and rainfall patterns, the age-old process is no longer relevant in the digital era.

With the emergence of tools like FarmERP that use a suite of data-driven tools and provide more precise information, decision-making is increasingly predictive. The use of technologies such as automated planting and harvest technology has improved yield predictability in today’s farms.

Using artificial intelligence and machine learning algorithms, FarmERP integrates a vast array of agricultural, hydrological, biological, and climate data and sources to manage inputs and plan for system shocks and upcoming changes in the future. In an attempt to support informed decision-making during different seasons, FarmERP gathers data regarding agronomy, farming system, and supply chain to draw comprehensive insights that improve prediction.

Profitability in the Times of Burgeoning Climate Crisis

Profitability is one of the most important factors for agricultural companies and farmers. In today’s volatile markets, the agriculture community needs certainty in their production capabilities and predictability to be profitable. And, FarmERP’s 3P enhancer checks all three boxes.

In the modern farming culture, the goal of most agribusinesses and farmers is to be at the top of the profitability curve to stay ahead of the pack. Several factors contribute to the profitability of farms. Some factors like weather and rainfall cannot be controlled, however, management practices of each operation may impact the profitability. Moreover, it is imperative to note that not one single factor will be a consistent contributor to the difference in profitability.

For a planting season, FarmERP offers a tailor-made agriculture management system and strategies, which help farmers allocate the necessary capital to operate the farms and remain profitable. It also optimizes various variables such as crop type, fertilizers required, and areas that collectively maximize farm profit to improve overall profitability.

In addition, it offers research-based farm business management information, resources, and decision-making tools that assist farms that struggle with revenue in a changing agriculture economy. These resources further help explore alternative business opportunities to ensure the continuation of the current business.

Why Should You Choose FarmERP’s 3P Enhancer?

The ongoing economic and climatic conditions as well as business pivots in agriculture are taking a toll on agricultural companies and farmers. To overcome these challenges and the associated chronic stress that mostly impacts decision-making, these companies are making effort to gain knowledge, collect information, and begin its application.

However, such manual tasks are often time-consuming and lack of precision in prediction adds to the problems. FarmERP’s 3P enhancer, on the other hand, uses factual data and operational efficiency of previous seasons to improve the primary 3Ps and succeed in today’s challenging environment. It further helps farmers make sound business decisions based on current and future economic challenges and take competitive advantages during crisis, for example, the COVID-19 pandemic.

Reach out to know how we can help meet your unique farm business needs.