Reddy said that over the last decade he has increased his net profit to 20,000 rupees (US$240) per acre on corn at his farm in the southern Indian state of Andhra Pradesh, up from 5,000 – 10,000 rupees.
“We are on a surer footing when it comes to agricultural practices; (using satellite data) safeguards us from climate change, pest and disease, problems with irrigation scheduling,” he said.
The Indian government, which just relaxed foreign investment rules for the space sector, is leaning heavily into the use of satellite data to solve problems on the ground, with agriculture a key focus.
Reuters spoke to 11 experts and farmers, six startups in the industry and three NGOs who said space technology and big data were primed to help Indian agriculture reach new heights.
“India’s path to leadership in the new space race lies in utilizing the power of data, and applications within the agricultural sector offer immense potential,” said Pawan Goenka, chairman of the Indian National Space Promotion and Authorization Centre, the country’s space regulatory body.
Market Research Future, an India-based data analysis firm, says the global space agriculture market will be worth US$11.51 billion by 2032, up from US$4.99 billion in 2023. Although China holds the largest market share, the sector is growing faster in India than anywhere else in the Asia-Pacific region, it said.
Cropin, founded in 2010 and backed by both Google and the Gates Foundation, recently signed a deal with Amazon Web Services to crunch satellite data to solve for global food insecurity.
Cropin’s partnership with farmers, the World Bank and the government of India in 244 villages digitised more than 30,000 farm plots, covering 77 crop varieties across climate-zones, a company project analysis in 2019 showed.
The study showed 92 per cent of the farmers involved increased their average yield by 30 per cent and their farm revenue by nearly 37 per cent. The company got similar results in Africa.
