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KDI 경제정보센터

ENG
  • Economic

    Information

    and Education

    Center

핵심이슈 동영상
애그테크 - 개념편 (영문판)
KDI 경제정보센터 자료연구팀 2023년 03호

#1. November 2021 in Korea: No lettuce in burgers.

#2. May 2022: French fries also disappeared.

#3. What happened to the hamburger?

#4. The climate crisis and logistical disruptions (caused by geopolitical instability) have brought global food security to a critical juncture.

#5. To solve the food security crisis, countries around the world are turning to AgTech.

#6. AgTech is a portmanteau of "agriculture" and "technology," referring to the industry in which cutting-edge technology,

#7. such as artificial intelligence, the Internet of Things (IoT), big data, and robotics, is applied to the entire production process, from sowing to distribution.

#8. In other words, AgTech brings together traditional agriculture and new advanced technologies to increase productivity and stabilize distribution of agricultural products.

#9. AgTech has even transformed the fundamental nature of agriculture, which had previously been considered unchangeable.

#10. Using nutrient-dense water, IT panels, and LED lighting, farming is now possible even when there is no soil and sunlight.

#11. Automation systems and self-driving robots can be used to grow crops without human intervention.

#12. In one example, eco-friendly farming applied IT solutions to save water usage by 95 percent.

#13. That‘s not to say AgTech comes with only benefits. There are also voices of concern.

#14. Critics claim that the initial costs of installing cultivation facilities, including equipment and sensors, are excessive.

#15. Also up to 40 percent of production costs need to be allocated to the energy to maintain a suitable greenhouse environment, leading some people to believe the process is actually harmful to the environment.

#16. The UN Food and Agriculture Organization(FAO) predicts that the world population will rapidly increase to 9.7 billion by the year 2050.

#17. To meet the growing demand for food, analysts suggest that food production must expand by roughly 60 percent, compared to 2010 levels.

#18. To stabilize production volume and food security, the use of AgTech now appears to be inevitable.

#19. Agriculture transformed by cutting-edge technology.

#20. New Innovations will continue to reshape the industry.