Startups working in agriculture have been attracting a lot of attention lately, and for a good reason. The industry is booming, and there is much room for innovation. Yesterday, it was announced that John Deere has invested in Hello Tractor, a startup that developed an app to connect farmers with tractors. This is just the latest example of how investors are starting to take notice of agricultural startups. So why are these startups poised for success? Let’s take a closer look.
The agricultural industry is huge. In 2016, the global value of agricultural production was $3.2 trillion. That’s a lot of money and will only continue to grow. The world population is expected to increase by 2 billion by 2050, which means there will be an increased demand for food. This presents a big opportunity for startups working in the agriculture space.
Many problems need to be solved in the agriculture industry, ranging from climate change to food waste. Startups that can provide solutions to these problems will be well-positioned for success. For example, Hello Tractor’s app helps farmers connect with tractors, making it easier and more efficient for them to harvest their crops. This is just one example of how startups innovate in agriculture.
In addition to solving problems, agricultural startups also have the potential to make a lot of money. The global agricultural market is expected to reach $8.5 trillion by 2030. That’s a lot of growth potential for startups that can tap into it.
So why are investors starting to take notice of agricultural startups? There are a few reasons. First, as we mentioned earlier, the agricultural industry is vast, and it will only continue to grow. This presents a significant opportunity for startups that can solve problems and tap into new markets. Second, investors are always looking for industries ripe for disruption, and agriculture is one of those industries. Many problems need to be solved, and startups that can provide solutions will be in a great position to succeed.
If you’re a startup working in agriculture, now is the time to start raising money. Investors are starting to take notice of the industry, and there is a lot of opportunity for growth. If you can solve problems and tap into new markets, you’ll be well-positioned for success.
Dil Bole Oberoi
