AGRICULTURE INSIGHTS | 26 JULY 2019 Crop spraying drones are taking Africa into greener pastures Absa | Corporate and Investment Banking > Insights and Events > Crop spraying drones are taking Africa into greener pastures Roux Wildenboer Head: Agriculture SHARE Absa's Roux Wildenboer explores the role technology can play in evolving the Agri sector. Maximising yields and profits require agricultural investment – which is why South African farmers are opting for agri-tech. In this instalment of the 2019 Absa Insights Series, Roux Wildenboer, Head: Agriculture, Absa CIB leads a panel discussion that unpacks the opportunities available. Video highlights: Demand for food across the globe is already very high and will increase year-on-year. This is therefore a sector that will continue to grow. Agriculture is capital-intensive. World-leading businesses in this sector are driven by technology, which improves processes and therefore reduces costs. A recent development is drone technology, which is used for spraying crops in South Africa. Roux WildenboerHead: Agriculture https://cib.absa.africa/wp-content/uploads/2020/07/file_example_MP3_700KB.mp3 Related Articles 2023 Agriculture Insights Transforming agriculture through innovative financing The Financial Times recently ran a fascinating article entitled: “Wine growers fear funding will wither after fall of Silicon Valley Bank” – As one of the premium lenders to the South African agriculture market, this headline definitely caught the eye. Read more INSIGHTS SERIES Agriculture Insights As one of the largest funders of agricultural projects in sub-Saharan Africa, we are fortunate enough to have access to some of the most sophisticated farmers and agri-processing professionals on the continent. Couple this with the fact that we are one of the largest card issuers in South Africa and have access to data-rich consumer insights; we are uniquely positioned to track the journey of agriculture projects from farm to fork. Read more 2021 Agriculture Insights Farmers, Ferraris and harvesting good investments in Africa Farmers might not be driving Ferraris… yet, but there’s no doubt that Agriculture is a continental bright spot. Read more
