By Scott Bouvier, Michael Swinson, John Swinson and Annabel Griffin. King & Wood Mallesons’ Australia office
1. Agritech is not a novel concept…
“Agritech” (or “agtech”) is the application of technology to agriculture. Tractors, irrigation, fertiliser, selective crop breeding and GM are all technological advances that have been used in agriculture for decades and, in some cases, centuries.
2. …but recent technological advances will radically change the food and agribusiness landscape…
The rise of precision farming harnessing satellite technology and the explosion of digital and internet technology, including drone technology, robotics, variable rate application technology, online market places, sensors, software and the “Internet of Things” (all “Digital Agriculture”), is what distinguishes this new agritech era.
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