SpaceTime Labs and Small Robot Company partner to co-develop swarms of fourth-generation autonomous drones and terrestrial robots
SpaceTime Labs and Small Robot Company announced today their agreement to codevelop swarms of fourth-generation autonomous drones and terrestrial robots to transform Latin American Agriculture with Per Plant Farming Solutions.
The strategic partnership will focus on co-developing on the ground, end-to-end “per plant” planting, weeds, pests & disease management, and nutrition management Farming as a Service (FaaS) value propositions delivered through an integrated delivery “sense-predict-act” value chain for all key commercial crops in Latin America. The companies will work with leading Brazilian and Argentinian farmers to prototype, test, and scale Per Plant Farming - maximizing yields whilst reducing the impact on the environment. Agriculture is a $5 trillion industry, with the precision farming market a huge global opportunity for investors. Goldman Sachs predicts that the market for digital agricultural technology will be $240 billion by 2050, up from just over $5 billion today. The first intended outcome of Per Plant farming is a dramatic uplift in yields.
Per plant farming exists today on a small scale in research institutes and in trial farms, where scientists are able to achieve yields that are 235% higher than the in-field commercial average for wheat and 150% higher than the in-field commercial average for corn. In addition to increasing yields, “per plant” farming will increase farmer profitability and dramatically reduce the negative impacts of industrial farming on the environment.