IoT-enabled farms and climate-adaptive agriculture technologies: Investment lessons from Singapore

The adoption of climate-adaptive agricultural technologies (CAATs) for extensive (outdoor) agriculture is stalled by funding gaps experienced by governments in the Mekong countries, with negative implications on the rural farming industry, on income and job security among smallholder farmers, and on...

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Autores principales: Montesclaros, Jose Ma. Luis, Babu, Suresh Chandra, Teng, Paul S.
Formato: Artículo preliminar
Lenguaje:Inglés
Publicado: International Food Policy Research Institute 2019
Materias:
Acceso en línea:https://hdl.handle.net/10568/147305
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author Montesclaros, Jose Ma. Luis
Babu, Suresh Chandra
Teng, Paul S.
author_browse Babu, Suresh Chandra
Montesclaros, Jose Ma. Luis
Teng, Paul S.
author_facet Montesclaros, Jose Ma. Luis
Babu, Suresh Chandra
Teng, Paul S.
author_sort Montesclaros, Jose Ma. Luis
collection Repository of Agricultural Research Outputs (CGSpace)
description The adoption of climate-adaptive agricultural technologies (CAATs) for extensive (outdoor) agriculture is stalled by funding gaps experienced by governments in the Mekong countries, with negative implications on the rural farming industry, on income and job security among smallholder farmers, and on food sufficiency and access across the population. We argue that one way of helping bridge these gaps is for providers and users of CAATs for extensive agriculture to learn from the practices of those in CAATs for intensive (indoor) agriculture. Indoor CAATs are already receiving significant private-sector investment, a key reason being their ability to leverage the complementary nature of these technologies within farms that are integrated and enabled to use the so-called Internet of things (IoT). Seamlessly linking different CAATs (sensors, crop analytics, and automation) can allow for synergies that significantly boost crop yields and, in turn, the viability of investing in CAATs. We demonstrate these synergies through two case studies, one that looks at the increasing global investment in indoor CAATs and another that describes a financial viability assessment for an indoor farm in Singapore. We conclude with lessons on how these insights can be transferred to the Mekong countries, including a prototype IoT-enabled extensive farm that integrates multiple CAATs, and an investment assessment tool for translating the yield benefits into terms that investors can appreciate.
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spelling CGSpace1473052025-11-06T05:33:22Z IoT-enabled farms and climate-adaptive agriculture technologies: Investment lessons from Singapore Montesclaros, Jose Ma. Luis Babu, Suresh Chandra Teng, Paul S. pot plants investment technology private sector innovation adoption internet of things climate change adaptation information and communication technologies climate-smart agriculture The adoption of climate-adaptive agricultural technologies (CAATs) for extensive (outdoor) agriculture is stalled by funding gaps experienced by governments in the Mekong countries, with negative implications on the rural farming industry, on income and job security among smallholder farmers, and on food sufficiency and access across the population. We argue that one way of helping bridge these gaps is for providers and users of CAATs for extensive agriculture to learn from the practices of those in CAATs for intensive (indoor) agriculture. Indoor CAATs are already receiving significant private-sector investment, a key reason being their ability to leverage the complementary nature of these technologies within farms that are integrated and enabled to use the so-called Internet of things (IoT). Seamlessly linking different CAATs (sensors, crop analytics, and automation) can allow for synergies that significantly boost crop yields and, in turn, the viability of investing in CAATs. We demonstrate these synergies through two case studies, one that looks at the increasing global investment in indoor CAATs and another that describes a financial viability assessment for an indoor farm in Singapore. We conclude with lessons on how these insights can be transferred to the Mekong countries, including a prototype IoT-enabled extensive farm that integrates multiple CAATs, and an investment assessment tool for translating the yield benefits into terms that investors can appreciate. 2019-02-07 2024-06-21T09:13:07Z 2024-06-21T09:13:07Z Working Paper https://hdl.handle.net/10568/147305 en https://doi.org/10.2499/0896295354 Open Access application/pdf International Food Policy Research Institute Montesclaros, Jose Ma. Luis; Babu, Suresh Chandra; and Teng, Paul S. 2019. IoT-enabled farms and climate-adaptive agriculture technologies: Investment lessons from Singapore. IFPRI Discussion Paper 1805. Washington, DC: International Food Policy Research Institute (IFPRI). https://hdl.handle.net/10568/147305
spellingShingle pot plants
investment
technology
private sector
innovation adoption
internet of things
climate change adaptation
information and communication technologies
climate-smart agriculture
Montesclaros, Jose Ma. Luis
Babu, Suresh Chandra
Teng, Paul S.
IoT-enabled farms and climate-adaptive agriculture technologies: Investment lessons from Singapore
title IoT-enabled farms and climate-adaptive agriculture technologies: Investment lessons from Singapore
title_full IoT-enabled farms and climate-adaptive agriculture technologies: Investment lessons from Singapore
title_fullStr IoT-enabled farms and climate-adaptive agriculture technologies: Investment lessons from Singapore
title_full_unstemmed IoT-enabled farms and climate-adaptive agriculture technologies: Investment lessons from Singapore
title_short IoT-enabled farms and climate-adaptive agriculture technologies: Investment lessons from Singapore
title_sort iot enabled farms and climate adaptive agriculture technologies investment lessons from singapore
topic pot plants
investment
technology
private sector
innovation adoption
internet of things
climate change adaptation
information and communication technologies
climate-smart agriculture
url https://hdl.handle.net/10568/147305
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AT babusureshchandra iotenabledfarmsandclimateadaptiveagriculturetechnologiesinvestmentlessonsfromsingapore
AT tengpauls iotenabledfarmsandclimateadaptiveagriculturetechnologiesinvestmentlessonsfromsingapore