Farmers in emerging markets are increasingly embracing sustainable agriculture.
- Jul 04, 2022, 1:00 PM CDTTechnological innovation is allowing farmers to grow produce more efficiently.In light of the Covid-19 pandemic, supply chain disruptions and broader environmental concerns, many countries are looking to improve the efficiency of agriculture while also reducing its carbon footprint.
Definitions vary, but sustainable agriculture broadly refers to farming that is sustainable on an environmental, social and economic level. It usually involves a host of practices that are focused on preserving soil fertility, preventing water pollution and protecting biodiversity, and can involve measures such as rotating crops, planting cover crops and eliminating tillage.
Omnivore has invested heavily in the space since 2012, providing finance to start-ups that offer financial technology services, business-to-business marketplace platforms, and post-harvest technologies to increase efficiency and sustainability. The innovations included in the project, which aims to support 16,000 farmers, are seen as key to addressing water scarcity in the country.
This comes amid regional media reports that Kuwait is fast-tracking the development of a sustainable farm project. Half-completed as of June, the farm aims to reduce the use of fresh water in agriculture by using treated water and improve the efficacy of various agricultural practices through technological upgrades.
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