Precision agriculture: Big data solutions

Use of technology to improve agricultural efficiency.

Photo by Shutterstock

Precision agriculture: Big data solutions
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.
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
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.

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 (16).
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.
USD 1 million in cumulative exports of Pineapple, Banana, Cassava and Papaya in 2021 (6).
Average Ticket Size (USD)Describes the USD amount for a typical investment required in the IOA.
The cost ranges from USD 3.57-17.85 per ha, adding USD 47.6 per ha for more advanced solutions (13). Small-scale implementation is possible with low costs (free software) (13). A large-scale implementation may require an initial investment of USD 10,000.
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)
Sector Sources
  • 1) MIDEPLAN (2021) Estrategia Económica Territorial para una Economía Inclusiva y Descarbonizada 2020-2050 en Costa Rica 2)Gobierno de Costa Rica (2018) Plan Nacional de Descarbonización 2018-2050. 3) INAMU (2018) Política Nacional para la Igualdad Efectiva entre Mujeres y Hombres 2018-2030, PIEG 4) Asamblea de Costa Rica (1998) Ley 7779, Ley de Uso, Manejo y Conservación de Suelos. 5) Asamblea de Costa Rica (1997) Ley 7064, Ley de Fomento a la Producción Agropecuaria y MAG 6) BCCR (2021) Exportaciones FOB Totales por Producto. Matriz de datos. 7) INEC (2019) Encuesta Nacional Agropecuaria 2019. 8) SEPSA (2019) Comportamiento de la cartera de crédito para actividades agropecuarias. 9) MAG (2015) Plan Regional de Desarrollo Agropecuario y Rural 2015-2018, Región Huetar Caribe. 10) MAG (2018) Plan de intervenciones estratégicas 2019-2022. 11) PROCOMER (2021) Guía de exportación. Trámites y requisitos. 12) INEC (2015) VI Censo Nacional Agropecuario RESULTADOS GENERALES
IOA Sources
  • 13) Satorra, J (2018) ¿Es rentable la Agricultura de Precisión? New Ag International 14) IDAE (2010) Ahorro y eficiencia energética en la agricultura de precisión. Gobierno de España. 15) Valero, U (2016) Agricultura de precisión: conceptos y situación actual. Universidad Politécnica de Madrid 16) UCR (2019) Papaya Pococí: un fruto perfecto de la innovación científica UCR-INTA. Comunicado de prensa. 17) Morales, L (2018) Producción y rendimiento del cultivo de la piña (ananas comosus) en Costa Rica, periodo 1984-2014. Revista Agronegocios, 4(2). TEC 18) COMEX. Exportaciones totales 2007-2021. Esportaciones de Bienes Cifras Globales. 19) SNITTA (2022). Visor de datos estadísticos. Uso y Cobertura del Suelo.