Today’s modern technology have been used to increase food production through from sources like chemical fertilizers, pesticides, herbicides, modern agricultural machinery etc.
The food technology is growing around the world at 3.5% a year and is expected to grow more than USD 7 trillion by 2014.
The International Food Policy Research Institute measures the impacts of agricultural innovation on farm productivity, prices, hunger, and trade flows as we approach 2050 and identifies practices that could significantly benefit developing nations.
No-till farming alone could increase maize yields by 20% but also irrigating the same no-till fields could increase maize yields by 67% in 2050.
Nitrogen-use efficiency could increase rice crop yields by 22% but irrigation increased the yields by another 21%.
The combination of agricultural technologies and practices could reduce food prices by up to 49% for maize, up to 43% for rice, and 45% for wheat due to increased crop productivity.