Precision agriculture

Use of technological equipment to propel precision agriculture.

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Precision agriculture
Precision agriculture
Big data solutions for soil and yield mapping, precision irrigation, monitoring, and fertilization through remote sensing technologies. Key activities identified are roots and tubers, pineapple, rice, sugar cane, and ornamental plants.
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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

Promote precision agriculture practices environmentally friendly while improving women's opportunities.

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).
Pineapple, Sugar, Rice, Roots have 77.4%, 80%, 3.5%, 10.8% of yield per ha. (SEPSA)
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.
In 2021, $525.58 M of exported Pineapple. In 2017, sugarcane supply was $109,069 M (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 elementary techniques. (Satorra). A large-scale implementation may require an initial investment of up to $10,000 (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 (2018) Plan de intervenciones estratégicas 2019-2022. Presidencia (2021). EXPORTACIÓN DE PLANTAS ORNAMENTALES CRECE EN UN 31% ESTE AÑO. Comunicado oficial. PROCOMER (2021). Guía de exportación. Trámites y requisitos. INEC (2015). VI Censo Nacional Agropecuario. CARACTERÍSTICAS DE LAS FINCAS Y DE LAS PERSONAS PRODUCTORAS. INEC (2021). Anuario estadístico 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 CONARROZ (2019). INFORME ESTADÍSTICO PERÍODO 2018/2019. Unidad de Control Estadístico Arrocero INEC (2015). VI Censo Nacional Agropecuario RESULTADOS GENERALES
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 SEPSA (2008). REGIÓN HUETAR NORTE OFERTA EXPORTADA ACTUAL Y OFERTA POTENCIAL DE PRODUCTOS AGROPECUARIOS ALTERNATIVOS. MAG (2007). Caracterización y plan de acción para el desarrollo de la agrocadena de Raíces y Tubérculos Tropicales en la región Huetar Norte. Morales, L (2018). Producción y rendimiento del cultivo de la piña (ananas comosus) en Costa Rica, periodo 1984-2014. Revista Agronegocios, 4(2). TEC MAG (2007). Caracterización Cadena Local Plantas Ornamentales. Dirección Regional Huetar Norte