4 ways to achieve greater ROI in agriculture

ROI in agriculture
Table of Contents

Today, agriculture faces a number of challenges, ranging from climate change to the growing demand for food. To meet these challenges, farmers need to improve the efficiency and profitability of their crops. HEMAV generates an ROI of 3:1 This is possible thanks to digitalization and the implementation of artificial intelligence (AI) and machine learning tools in agriculture.

HEMAV, a leading agricultural technology company, has developed a series of solutions that use advanced technology such as remote sensing, predictive analytics and drone imagery to provide valuable crop and field information. These tools help farmers make more informed and accurate decisions, improving crop efficiency and generating a significant return on investment (ROI).

4 ways AI and machine learning tools can help farmers achieve greater ROI in agriculture

  1. Crop monitoring and analysis

Remote sensing is a technique that uses remote sensing to collect information about crops and terrain. HEMAV has developed its Sat-Tech tool to help farmers monitor and analyze their crops through high-resolution satellite imagery. Growers can assess crop health, detect plant problems and estimate crop yields prior to harvest. This allows them to take preventive and corrective measures to improve crop yields and reduce losses and generate an ROI of 1.5:1 to in some cases 10:1.

In addition, the Pred-Tech tool uses predictive analytics to predict crop yields based on variables such as weather, temperature and humidity as well as optimal harvest time. Farmers can use this information to optimize planting, fertilization and irrigation, which can significantly improve crop yields and reduce costs. To give you an example, a client obtained an ROI greater than 100:1, a case that generated the creation of studies and academic publications, this through the modification of the harvest date.

  1. Efficient use of data

The use of drones in agriculture is becoming increasingly common. HEMAV has developed its Drone-Tech tool to help farmers monitor and analyze the terrain of their crops. Drones can provide detailed information on topography, soil composition and soil moisture. Esta información es valiosa para los agricultores, ya que les permite tomar decisiones informadas sobre la siembra, el riego y la aplicación de fertilizantes.

The Soil-Tech tool also uses analysis to predict soil quality and the amount of nutrients needed for the crop. Farmers can use this information to optimize fertilization and improve soil quality, which can increase ROI.

  1. Improved efficiency and profitability

The implementation of AI and machine learning tools in agriculture can significantly improve crop efficiency and profitability. Farmers can optimize planting, irrigation, fertilization and harvesting based on the information provided by these tools. This can reduce costs and increase crop yields, generating significant ROI.

A study conducted by the University of Nebraska showed that the use of artificial intelligence and machine learning tools in agriculture can generate an ROI of 3:1 [1]. In this study, farmers used a machine learning tool to analyze their crop data and make informed decisions about the amount of water and nutrients needed for each crop. The result was higher production efficiency and increased crop yields.

HEMAV has demonstrated that its tools can generate an ROI of 3:1 and higher for the growers who use them. This means that for every euro invested in these tools, farmers can get a return on investment of three euros.

4. Build your ROI model in advance

Use estimated figures to ensure that all relevant metrics are tracked. You don’t want to get to the end of the project only to realize that you should have been gathering numbers that you weren’t gathering because then it’s too late to calculate ROI.

Conclusion

AI and machine learning tools are an excellent option for farmers looking to improve the efficiency and profitability of their crops that will be reflected in their ROI. HEMAV’s tools, such as Sat-Tech, Pred-Tech, Drone-Tech and Soil-Tech, can provide valuable crop and soil information, helping farmers make informed and accurate decisions. The implementation of these tools can generate significant ROI and improve crop sustainability.

ROI in agriculture

*References: [1] How to measure and improve the ROI of digital transformation

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