5 New Innovative Agricultural Business Ideas

1. Nanotechnology

As businesses make smaller things smarter, there is a growing interest in the use of nanotech for smarter agricultural practices. For example, nanoparticles that are organic can be used to assess oil health, deliver fertilizer or pesticides, and can also be used for smarter packaging. The adoption of this tech has led to the popularity of precision agriculture, a form of agriculture that targets monitoring at the cellular level. For example, one Canadian startup named Vive Crop Protection, which has raised more than $75 million in funding over six rounds, is offering farmers nanotech to improve fertilizer and pesticide delivery. This helps farmers dramatically bring down their crop production costs and also increases yield. 

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