Absa Insights 2019, Agriculture
new-techjpg

Crop-spraying drones are taking Africa into greener pastures

Absa Insights is a portal where the bank’s sector experts share essential learnings and new developments with its clients and other businesses. The world is changing; so in 2019 Absa has introduced a series of discussions featuring high-level thinking around Consumer Goods and Services, Agriculture, Telecommunications, Mining and Energy and Infrastructure. Bookmark Absa Insights, where the bank shares insights from discussions designed to help you navigate the ever-shifting trends that are shaping the economy.

Listen to the audio below (or scroll down for a summary of it).

The demand for food products across the world is increasing and, in highly competitive global agriculture markets, farmers are expected to keep up.

Sub-Saharan Africa could double the population over the next 30 - 40 years, which will create a demand for food... that definitely would be one of the reasons why agriculture is a strategically important growth area for us.

Roux Wildenboer, Head of sector coverage, Secondary Agriculture – Absa Corporate and Investment Banking

Tackling this increasing demand requires investment into agri-tech, which agri role players believe to be the only way that we're going to feed the African continent.

Precision agriculture has taken root in South Africa

The rise of precision agriculture has seen a change in the way that food is produced.

Challenging landscapes leave no margin for error. For this reason, a growing number of farmers have started making significant investments into high-tech farming methods and have already seen a reduction in time, costs and food waste.

The new technologies allow farmers to gather data on soil, plants and the weather, allowing them to effectively manage the variables in the field and optimise operations. Farmers can then map and monitor the state of their crops and make decisions to prevent losses – increasing yields and lowering overall costs by large margins.

We see that all our main clients are investing heavily in technology.

Hendrik Van Der Linde – Coverage Banker, Secondary Agriculture, Absa Corporate and Investment Banking

Drone technology will radically transform farming in South Africa

This year, South Africa's first licensed crop-spraying drones took flight, signifying a major breakthrough for the agricultural sector.

We have readily access to a lot of improvements... the developments of drone technology where farmers can spray their crops with drones.

Ray Van Rooyen, Coverage Banker, Secondary Agriculture – Absa Corporate and Investment Banking

Still in its infancy – unmanned drones, which are much more cost efficient than traditional crop-spraying tractors have the ability to access crops in difficult terrain and, can fly closer, spraying pesticides and fertilisers with precision.

Farmers are not looking at opportunities without considering the profitability of those opportunities.

Ray Van Rooyen, Coverage Banker, Secondary Agriculture – Absa Corporate and Investment Banking

For more detail, watch the video below. Roux Wildenboer (Secondary Agriculture, Absa Corporate and Investment Banking) in discussion with Hendrik Van Der Linde and Ray Van Rooyen (Secondary Agriculture, Absa Corporate and Investment Banking) on the investment opportunities, infrastructure constraints and the potential that technology presents in the agricultural sector on the African continent.


Recommended

by NEWSROOM AI
Read More
SPONSORED CONTENT: KFC: How adding hope is changing millions of lives

SPONSORED CONTENT: KFC: How adding hope is changing millions of lives

Have you ever wondered where your R2 donation goes?

Agricultural sector to power up with renewable energy to fight food insecurity

Agricultural sector to power up with renewable energy to fight food insecurity

The agricultural sector are taking back their power with the use of sustainable, renewable energy.

The business of farming: Here's what you need to know about Africa

The business of farming: Here's what you need to know about Africa

Africa is the last continent on Earth that still has development opportunities but with those opportunities, come constraints.

Could the evolution of entrepreneurship enable job creation?

Could the evolution of entrepreneurship enable job creation?

Joanne Joseph facilitates a discussion around the solutions to South Africa's growing unemployment problem.

Don’t fall for spending disguised as saving

Don’t fall for spending disguised as saving

July is National Savings Month and Coronation is encouraging South Africans to save more by putting money aside every month.

Airport baggage theft and more: A guide to surviving airline travel in SA

Airport baggage theft and more: A guide to surviving airline travel in SA

If you've ever fallen victim to airline baggage theft, this guide for surviving airline travel in South Africa is a must-read.

Popular articles
 Judge Willie Seriti:'I wouldn't add or subtract anything from arms deal report'

Judge Willie Seriti:'I wouldn't add or subtract anything from arms deal report'

Clement Manyathela speaks to the now retired judge who presided over the arms deal inquiry about the high court judgment.

[WATCH] Man records every treadmill run over 8 months... and shows weight loss

[WATCH] Man records every treadmill run over 8 months... and shows weight loss

Khabazela shares tweets and Facebook posts that have gone viral.

[WATCH] Pilot filming aftermath of his plane crashing into ocean goes viral

[WATCH] Pilot filming aftermath of his plane crashing into ocean goes viral

Khabazela shares tweets and Facebook posts that have gone viral.

Standard Bank says comedy of errors with bond applicant 'a once off'

Standard Bank says comedy of errors with bond applicant 'a once off'

Only when consumer journalist Wendy Knowler chased Standard Bank did they admit wrongdoing that cost a client R41 000.

Autopsy report confirms Selahle died of unnatural causes in police custody

Autopsy report confirms Selahle died of unnatural causes in police custody

Tshegofatso Selahle died on Sunday after being arrested by JMPD officers for allegedly skipping a robot in Johannesburg.

Land Claims Court ruling: 'Jubilation when judgment was handed down'

Land Claims Court ruling: 'Jubilation when judgment was handed down'

Association of Rural Advancement director Laurel Oettle praises ruling by ConCourt to uphold move to appoint a special master.

Trevor Noah – 4th highest paid comedian on Earth – made R430 million in 2018

Trevor Noah – 4th highest paid comedian on Earth – made R430 million in 2018

Trevor Noah cracked Forbes magazine’s list of highest-paid stand-up comedians in the world.

SA’s richest woman opens up about being a refugee and becoming a billionaire

SA’s richest woman opens up about being a refugee and becoming a billionaire

Magda Wierzycka – Sygnia’s renegade CEO – on her attitude toward money (hopes and fears, successes and failures, etc.).

[WATCH] Father and daughter dance-off changes tune when she starts twerking

[WATCH] Father and daughter dance-off changes tune when she starts twerking

Khabazela shares tweets and Facebook posts that have gone viral.