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
New from Life Podcasts: Veganism for the win in 2020?

New from Life Podcasts: Veganism for the win in 2020?

Andy Leve presents some compelling reasons why the vegan way of life is not only good for your body but, for the planet too.

Bongani Bingwa: You make choices that'll have lasting consequences for your kids

Bongani Bingwa: You make choices that'll have lasting consequences for your kids

Fatherhood is one of the most consequential things you can do in your life and, yet nobody expects you to be prepared for it.

"There's no monetary value on your presence as a dad"

"There's no monetary value on your presence as a dad"

Kabelo Thathe explains how his journey to fatherhood has helped him become the best dad that he can be.

Fatherhood and daughters: Here's why Mpho Popps takes his daughter on dates

Fatherhood and daughters: Here's why Mpho Popps takes his daughter on dates

Mpho Popps shares his views about modelling to his daughter what a good relationship with a man should look like.

MiCasa's Mo-T reflects on the lessons that fatherhood has taught him

MiCasa's Mo-T reflects on the lessons that fatherhood has taught him

MiCasa's Trumpeter, Mo-T talks about the experience with fatherhood and how it's helped him become a better dad.

Nicholas Goliath: "There's just a lack of respect in the world"

Nicholas Goliath: "There's just a lack of respect in the world"

As a father, Nicholas Goliath believes in teaching his sons to respect boundaries and, to hold women in high regard.

Popular articles
[WATCH] Lion jumping on top of Jeep has social media talking

[WATCH] Lion jumping on top of Jeep has social media talking

Khabazela shares tweets and Facebook posts that have gone viral.

'Domestic workers are entitled to 21 consecutive days of paid annual leave'

'Domestic workers are entitled to 21 consecutive days of paid annual leave'

Socio-Economic Rights Institute's Kelebogile Khunou says for living-in workers you cannot deduct more than 10% for accommodation.