April 20, 2023: IRVINE, CA — The global Artificial Intelligence in Agriculture market size is expected to be worth around USD 10.2 billion by 2032 from USD 1.2 billion in 2022, growing at a CAGR of 24.5% during the forecast period from 2022 to 2032 and in doing so will continue improving all kind of farming and food supply chain processes. According with Dr. Kimberly Morgan of the University of Florida “Southeastern U.S. farms growing perishable and seasonal food continue to achieve gains due to economies of scale and scope, largely dependent on management decisions made based on market information”. One of the companies leading this transformation is AGTOOLS, INC., which CEO Martha Montoya attended as a panelists at the Ai in Agriculture conference, in Orlando, Fl on April 18th to discuss how the industry looks at sustainability and revealed ways that data can aid in turning it into a profitable practice.
During the event, the panel went deeper on how accuracy of data across the globe will impact the models and therefore the ability to impact decision-making positively. Mrs. Montoya commented: “The models should be run several crop seasons to ensure that farmers and their communities will benefit first and foremost sustainability of food flow and environment stewardship. Increasing yield is crucial yet avoiding wasting production is becoming crucial to increase financial outcomes to farmers who are under pressure with high production costs and less time to recuperate.” As climate change is impacting Food Supply Chains, Montoya added: “Equally important, the models must include proper weather patterns related to the crop and the microclimates which do impact markets and therefore subsegments of our industry”.
Besides the productivity side, AGTOOLS, INC., is also aligned with some of the UN Sustainable Development Goals such as Responsible Consumption & Production, Zero Hunger, Industry & Innovation, Gender Equality, Climate Action, and No Poverty.
About Agtools® AGTOOLS, Inc. was founded by food industry veterans who know the unique challenges the perishable industry presents. Coupled with generations of agricultural experience and a proprietary software system capable of processing any commodity, AGTOOLS, Inc. a Data Science Company, analyzes, correlates, and evaluates worldwide agricultural data in order for clients to make relevant, informed, and timely decisions. Click the links above to add these events to your calendar or reach out to firstname.lastname@example.org to schedule a demonstration.