Precision agriculture

Use of technology to improve agricultural efficiency.
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Precision agriculture
Precision agriculture
Big data solutions for the mapping of soils and yield, precision irrigation, monitoring, and fertilization through remote sensing technologies. They are identified as key activities: papaya, cassava, pineapple, and banana.
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SectorMost major industry classification systems use sources of revenue as their basis for classifying companies into specific sectors, subsectors and industries. In order to group like companies based on their sustainability-related risks and opportunities, SASB created the Sustainable Industry Classification System® (SICS®) and the classification of sectors, subsectors and industries in the SDG Investor Platform is based on SICS.
Food and Beverage
Technology
Business Model Description

A disaggregated business model with emphasis on infrastructure and process management to improve the efficiency and competitiveness of the producer.

Expected Impact

Help implement sustainable practices to cope with adverse environmental effects while improving land productivity.

How is this information gathered?
Updated: 2 Oct, 2021 Date of Production: 24 Sep, 2021
Costa Rica
Indicative ReturnDescribes the rate of growth an investment is expected to generate within the IOA. The indicative return is identified for the IOA by establishing its Internal Rate of Return (IRR), Return of Investment (ROI) or Gross Profit Margin (GPM).
77.4%, 15%, and 100% yield per ha of Pineapple, Cassava, and Papaya. (MAG & Morales TEC).
Investment TimeframeDescribes the time period in which the IOA will pay-back the invested resources. The estimate is based on asset expected lifetime as the IOA will start generating accumulated positive cash-flows.
Short Term (0–5 years)
Market SizeDescribes the value of potential addressable market of the IOA. The market size is identified for the IOA by establishing the value in USD, identifying the Compound Annual Growth Rate (CAGR) or providing a numeric unit critical to the IOA.
$1,089.16M in cumulative exports of Pineapple and Banana in 2021. (BCCR).
Average Ticket Size (USD)Describes the USD amount for a typical investment required in the IOA.
The cost can range from $3.57 to $17.85 per hectare (ha) for very simple techniques, adding almost $47.6 per ha for more advanced solutions. (Satorra). A large-scale implementation may require an initial investment of up to $10000 (focus group).
Direct ImpactDescribes the primary SDG(s) the IOA addresses.
Life on Land (SDG 15)
Indirect ImpactDescribes the secondary SDG(s) the IOA addresses.
Responsible Consumption and Production (SDG 12) Decent Work and Economic Growth (SDG 8)

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Sector Sources
  • MIDEPLAN (2021). Estrategia Económica Territorial para una Economía Inclusiva y Descarbonizada 2020-2050 en Costa Rica Gobierno de Costa Rica (2018). Plan Nacional de Descarbonización 2018-2050. INAMU (2018). Política Nacional para la Igualdad Efectiva entre Mujeres y Hombres 2018-2030, PIEG MAG (2015). Plan Regional de Desarrollo Agropecuario y Rural 2015-2018, Región Huetar Caribe. MAG (2018) Plan de intervenciones estratégicas 2019-2022. BCCR (2021). Exportaciones FOB Totales por Producto. Matriz de datos. INEC (2019). Encuesta Nacional Agropecuaria 2019. SEPSA (2019). Comportamiento de la cartera de crédito para actividades agropecuarias. INEC (2015). VI Censo Nacional Agropecuario RESULTADOS GENERALES Asamblea de Costa Rica (1998). Ley 7779, Ley de Uso, Manejo y Conservación de Suelos. Asamblea de Costa Rica (1997). Ley 7064, Ley de Fomento a la Producción Agropecuaria y MAG PROCOMER (2021). Guía de exportación. Trámites y requisitos. INEC (2015). VI Censo Nacional Agropecuario. CARACTERÍSTICAS DE LAS FINCAS Y DE LAS PERSONAS PRODUCTORAS.
IOA Sources
  • Satorra, J (2018). ¿Es rentable la Agricultura de Precisión? New Ag International IDEA (2010). Ahorro y eficiencia energética en la agricultura de precisión. Gobierno de España. Valero, U (2016). Agricultura de precisión: conceptos y situación actual. Universidad Politécnica de Madrid UCR (2019). Papaya Pococí: un fruto perfecto de la innovación científica UCR-INTA. Comunicado de prensa. Morales, L (2018). Producción y rendimiento del cultivo de la piña (ananas comosus) en Costa Rica, periodo 1984-2014. Revista Agronegocios, 4(2). TEC