APPLICATION OF AGRICULTURAL MARKET FORECASTING TECHNOLOGY - OPEN TO SMART AGRICULTURE

03/03/2024 60 views
A A- A+ []

In today's context, when food demand is increasing and climate change is increasingly complex, information management and agricultural market forecasting are becoming an indispensable factor for the sustainable development of the agricultural sector. This is clearly shown by the Government's recent issuance of Decision No. 975/QD-TTg dated August 11, 2022, approving the Project "Promoting the application of information technology in collecting information and forecasting situations." agricultural product market".

This project sets a very specific goal: completing the construction of a centralized data center for the agricultural industry (data warehouse/data warehouse), serving analysis and forecasting of agricultural markets by 2025. This will be done through the application of artificial intelligence (AI) technology and big data (Big Data) to forecast fluctuations in supply, demand, and prices of agricultural products.

The role of market forecasts is not only limited to supporting decisions on the production and consumption of agricultural products but also opens up opportunities for developing policies and management mechanisms appropriate to the market status. For farmers and businesses, market forecasts provide important information so that they can make effective investment and business decisions.

However, this activity often encountered many difficulties, from collecting information to analyzing and forecasting. This leads to losses in agricultural production, making it difficult for the agricultural sector to adapt to market fluctuations.

This project not only focuses on the application of technology to collect information but also proposes a comprehensive approach, including the use of remote sensing and digital technology in carrying out investigations and collecting information. It will help clear one of the major "bottlenecks" of the agricultural industry - market information.

However, to successfully implement the Project, it is not only necessary to create technological infrastructure but also to focus on developing human resources with appropriate knowledge and skills. Training and nurturing human resources is a key factor in ensuring that technology is applied effectively and sustainably.

In summary, the application of agricultural market forecasting technology is not only an opportunity but also an important step to improve the efficiency of production and consumption of agricultural products. Therefore, promoting this Project is not only a task of the Government but also the responsibility of the entire domestic farming and business community. Only by working together and implementing the Project effectively can we build a smart and sustainable agriculture in the future.

OTHER ARTICLES

View all
21/02/2024

THE VIETNAMESE FRUITS PRODUCTION IS DEVELOPING IN BOTH SIZE AND QUALITY

The goal of sustainable agricultural development is to change growth thinking. For growth, we need to do well at the present and prepare for the future. Industry linkages, production restructuring, and technology application are important. Besides, the market needs to expand, not only domestically but also internationally. Managing production costs to ensure profitability for farmers is the key.
Read more