· Precision agriculture to maximise benefits in the context of growing population and climate change adopting 4.0 support intelligent systems in all spheres of farming, harvesting, irrigation.
· Using Blockchain to create a digital and verified identity of the farmers and AI-based predictive modelling of prices, market arrivals, local consumption and export potentials.
· Low-cost technology adoption fund generation and financing for farmers through fintech.
· Post- Harvest Loss reduction needs climate friendly storage, packaging, logistics, skills and capacity building.
· Post- Harvest Loss Management involves huge investment where financial institutions have a big role to play.
· In Bangladesh, cold storage facilities are yet to fully develop in the private sector.
· Need to get the private sector as the key players- manufacturing, import, distribution and R&D for smart technologies.
· Need to emphasize on consolidate backward linkages linking rural entrepreneurs with the agricultural service markets.
· Need to strengthen forward linkages connecting small farmers’ production with emerging agro-processing and food industries (e.g. PRAN, ACI- Agro, Square).
· Need to introduce smart agriculture in haor, hill, Barind, coastal region.
· We should exploit marine fisheries using smart technology.
· Need to strengthen R&D for smart agriculture: public- private partnership as well as public- public partnership. Especially, private sector R&D for SA needs gearing up.
· Reforming policies (e.g. seed policy, animal breed/ siemen import, subsidies).
· Rationalizing fiscal measures (e.g. machinery import duties/ VAT).
· Updating formal permission system for import, distribution and use of automated/ precision equipment (AI, agricultural drone etc.).
· Arrangement of easy access to bank financing for smart agriculture.
· To feed 170 million people, Bangladesh has to increase production in crops and livestock farming.
· Most importantly, the government must make certain hard choices to drive the country ahead and begin thinking about value-added agriculture plans. With the support of the government, entrepreneurship for smart agriculture should emerge from the villages. If they become more entrepreneurial, smart agriculture may flourish in no time.
· Together, the private sector, farmers and the government can create a magnificent Bangladesh and make the smart agricultural concept a reality.
· The participation of the business sector in all facets of Smart Agriculture is very much desired.
Published on: 2023-04-23