Agriculture is one of the oldest human occupations starting with the first revolution when humans transitioned from being hunter-gatherers to cultivators over 10,000 years ago. Precision Agriculture or Data-Driven Agriculture is sometimes referred to as the Fourth Revolution in Agriculture (Second Revolution – Mechanization of Agriculture, Third Revolution – Green Revolution). However, the adoption of Remote-Sensing as a routine decision-support information tool for Farm Management has been rather slow.
Daily Farm Management
SaraniaSat’s™ combined hardware and software remote-sensing solution for Precision Agriculture promises to significantly increase the rate of adoption of Big Data in daily Farm Management. The “early warning” aspect of SaraniaSat’s™ agricultural prescriptions will allow the farmer to conserve resources via the targeted application of agricultural inputs such as irrigation, fertilizer and crop-protection products in order to detect early and mitigate crop stress due to drought, nitrogen-deficiency, disease or pest infestation. SaraniaSat’s™ variable-rate strategy is to help farmers reduce costs during the crop cycle while maximizing harvest yield.
Crop Field Trials
Just as the Food and Drug Administration mandates clinical trials for new drugs and medical devices before they are approved for use by the general public, several countries and organizations mandate in-the-field testing of new products being developed by agricultural companies. These field trials can be very expensive and involve very large teams for the data collection and analysis activities. SaraniaSat’s™ remote-sensing data acquisition and analysis solutions provide an efficient and cost-effective way to gather data over large field areas and over several time points during the crop cycle in order to evaluate the efficacy of application of new agricultural products.
SaraniaSat’s™ remote-sensing data and information products can be used for assessing risk of crop loss and damage to crops for both indemnity insurance as well as index-based insurance. The “early warning” aspect of SaraniaSat’s™ data and information products allows both farmers and insurers alike to assess the effect of both natural and man-made disasters on the ultimate crop yield. Detecting crop stress early in the crop cycle will not only allow the use of mitigation strategies to restore crop health and ultimate harvest yield, but also provide insurers with early predictions of crop performance and risk assessment.
Accurately forecasting crop yields is of great importance to the financial markets. However, since agriculture is a crop-specific industry that is susceptible to local and regional-level environmental factors, sophisticated remote-sensing data acquisition strategies combined with advanced data analytics capabilities are required to tease out crop trends within the local and regional contexts of crop type, climate patterns, natural and man-made disasters, disease, pest and weed infestations, as well as preventive measures applied to mitigate these detrimental effects. Continuous daily monitoring at a global scale with field-level resolution can generate overall market predictions with the spatial-resolution granularity necessary for these predictions to be robust and reliable.