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Agriculture has seen several technological changes aimed at improving efficiencies and productivity over the years. Majority of these changes in agriculture are driven by the growing world population and the resulting increased demand for food availability, affordability, safety as well as sustainability. The world's population is growing at an unprecedented pace, necessitating greater agricultural production efficiency. To keep up with the increasing demand for food, some necessary investments must be made. According to the World Bank (2020), at least $80 billion in annual investments will be required to meet the 70 percent increase in global food demand by 2050, the majority of which will have to come from the private sector. Over the last decade, Agricultural Technology companies (AgTech) are capitalizing on the need for innovations in agriculture by providing services in agricultural biotechnology, farm robotics, mechanization, and equipment, software, sensing, and IoT in farm management, and agribusiness marketplaces, among other areas. However, some AgTech companies have recently begun to take on lending positions in the agricultural sector. This study looks at the contribution of AgTech companies in solving these challenges in agricultural production, particularly in four developing countries, with emphasis on agricultural lending.
Yeboah, Benjamin, "The New Agricultural Lenders in Developing Countries: How AgTechs are Providing Financial Solutions in Agriculture" (2021). Agriculture. 8.