Russia: Digital agri tech will see enormous growth in next five years

The Russian market of digital agro-industrial technologies amounted to about 360 billion rubles in 2020. But according to the chairman of the board of the Rosselkhozbank (RSHB) Boris Listov, by 2026 it is expected to have grown fivefold.  Over the past seven years, the volume of investments in agricultural technologies in the world has grown sevenfold to $30 billion, says Listov.

Large companies are investing more and more in the development of innovations, and startups are actively attracting venture capital. Rosselkhozbank has actively joined this technological wave, stimulates the latest developments in agricultural technologies, organizes agricultural training, and forms agricultural expertise. quoted Listov as saying: “Last year we held the AgroCode agrokhaton for the first time, in which more than 2,000 participants from 120 cities solved the most difficult problems.” As a result, a multivariate data analysis service was created for the optimal placement of agricultural crops in the fields.

Minister of Agriculture Dmitry Patrushev noted that digital transformation plays a huge role in the strategic development of the agro-industrial complex. “Our industry is a serious digital consumer. In fact, a unique digital ecosystem is being created around the agricultural sector,” he said. In particular, the fields are being digitized, which helps with seasonal field work; services for the creation of digital twins of farms and greenhouses are provided, thereby increasing production efficiency, and unmanned vehicles are being introduced everywhere.

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