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Industry Landscape
The AgTech industry is experiencing rapid growth, driven by the need for increased efficiency, sustainability, and resilience in food production. Digitalization, AI, and IoT are transforming traditional farming practices, leading to optimized resource use and improved yields. Focus areas include supply chain optimization, climate change adaptation, and food security, attracting significant investment and innovation.
Total Assets Under Management (AUM)
Agricultural GDP in Colombia
~37.5 billion USD (2022)
(1.7% CAGR)
- Colombia's agricultural GDP shows modest growth.
- Driven by diverse crops like coffee, bananas, and flowers.
- Challenges include climate vulnerability and market access.
Total Addressable Market
1.5 billion USD
Market Growth Stage
Pace of Market Growth
Emerging Technologies
AI-Powered Predictive Analytics
Utilizing advanced AI and machine learning algorithms to process vast agricultural datasets for highly accurate yield forecasting, pest/disease detection, and optimal resource management.
Blockchain for Supply Chain Traceability
Implementing blockchain technology to ensure transparent and immutable records across the agricultural supply chain, enhancing food safety, reducing fraud, and improving market access for producers.
IoT Sensors and Drones for Precision Agriculture
Integrating widespread IoT sensor networks and drone-based imaging to provide real-time, hyper-local data on soil conditions, crop health, and environmental factors for hyper-targeted interventions.
Impactful Policy Frameworks
Law 2294 of 2023 - National Development Plan 'Colombia, World Power of Life'
This law outlines Colombia's national development plan for 2022-2026, which includes strategic axes for agricultural development, food security, and climate change adaptation, promoting sustainable production and technological adoption in the sector.
This policy directly encourages and potentially provides incentives for technology adoption in agriculture, aligning with Agricompas's mission of sustainable and efficient food production.
Decree 883 of 2023 - Digital Agriculture and Rural Development
This decree focuses on promoting digitalization in rural areas and the agricultural sector, including the use of technology for production, traceability, and market access, aiming to close the digital divide in Colombia.
This regulation fosters a more digitally-enabled agricultural environment, directly supporting the market for Agricompas's data analytics and digital platform solutions.
Law 1955 of 2019 - Data Protection and Privacy (Colombia)
While not new, this law (and its subsequent regulations) continues to govern the collection, processing, and transfer of personal data in Colombia, impacting how agricultural data companies handle farmer-specific information.
Agricompas must ensure robust data governance and privacy protocols are in place to comply with national data protection laws when handling sensitive agricultural and farmer data.
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