Q3 2024
August 19, 2024
Latest AI tech helps farmers manage crops, livestock
The market for farm management software is ripe with opportunities, including in the widespread adoption of AI. VCs are investing in startups developing technology across a variety of promising market segments—with $4.3 billion total spread across 505 VC deals since the post-pandemic period starting in Q1 2021, according to our latest analyst note.
New AI technologies poise the sector for growth by increasing the accuracy of predictions for crop yields, livestock health, planting schedules, soil quality, and more. This enables farmers to make clearer decisions, enhance risk management, and reduce waste. From imagery analytics to livestock management, our analysts see significant potential.
Key takeaways | 1 |
Introduction | 2 |
Market landscape | 3 |
Market segments | 6 |
Drivers of adoption | 11 |
Barriers to adoption | 12 |
Investment activity | 13 |
Case studies | 15 |