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International Journal of Food Science and Agriculture

ISSN Online: 2578-3475 ISSN Print: 2578-3467 CODEN: IJFSJ3
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ArticleOpen Access http://dx.doi.org/10.26855/ijfsa.2025.09.002

Techno-agricultural Synergies: Advancing Agricultural Economics Through Innovation and Digital Transformation

Priyant Banerjee1, Arshad Bhat2,*

1Department of Computer Science and Engineering, Amity University Mumbai, Mumbai 410206, Maharashtra, India.

2Amity Institute of Liberal Arts, Amity University Mumbai, Mumbai 410206, Maharashtra, India.

*Corresponding author: Arshad Bhat

Published: September 15,2025

Abstract

Agricultural economics is undergoing a significant transformation, largely propelled by the rapid adoption of agri-tech innovations across global food systems. The agri-tech sector itself was valued at $22.5 billion in 2023, with projections suggesting growth to $46.8 billion by 2030—a notable compound annual growth rate of 12.1%. This expansion is supported by the integration of technologies such as artificial intelligence, the Internet of Things, blockchain, geographic in-formation systems, and precision agriculture. These technological advancements have produced quantifiable outcomes. For example, AI-driven yield forecasting has increased prediction accuracy by as much as 30%. Blockchain technologies are now reducing post-harvest losses by up to 25%, while digital platforms like M-Farm have increased smallholder farmer incomes by 27%. The environmental impacts are equally notable: sensor-based irrigation in India has lowered water consumption by 40%, and AI-supported fertilizer optimization has reduced ni-trate runoff by 20%. Collectively, these benefits highlight both economic and ecological gains. Despite these advances, the spread of agri-tech remains uneven. Barriers such as inadequate infrastructure, digital illiteracy, and socioeconomic inequalities hinder broader adoption. As an illustration, only 28% of rural residents in Sub-Saharan Africa had internet access as recently as 2022. This study adopts a multidimensional perspective, employing empirical case studies, system dynamics modelling, and techno-economic simulations to assess the economic and environmental implications of agri-tech. Furthermore, it introduces a five-phase methodology designed to guide scalable and inclusive digital transformation in agriculture. Policy recommendations include gender-targeted microloans, mechanisms for digital sovereignty, and the alignment of financing with environmental, social, and governance (ESG) criteria. The research underscores the importance of a participatory, data-ethical, and environmentally sustainable approach to agri-tech deployment. Such an approach is essential to enhancing productivity, resilience, and equity within agricultural development.

Keywords

Agricultural economics; Agri-tech; Artificial Intelligence; IoT; Blockchain; Precision farming; Food security

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How to cite this paper

Techno-agricultural Synergies: Advancing Agricultural Economics Through Innovation and Digital Transformation

How to cite this paper: Priyant Banerjee, Arshad Bhat. (2025) Techno-agricultural Synergies: Advancing Agricultural Economics Through Innovation and Digital Transformation. International Journal of Food Science and Agriculture9(3), 150-164.

DOI: http://dx.doi.org/10.26855/ijfsa.2025.09.002