Myanmar at the crossroads of a tech-driven agriculture boom

In Myanmar, the agricultural sector accounts for some 38% of the country’s gross domestic product (GDP), but yields are low due to farmers being cut-off from modern technology under the previous regime for decades.

Compared to other rice-yielding nations in the region, rice paddy generation is also low in Myanmar at 23kg a day as opposed to Cambodia (62kg), Vietnam (429kg), and Thailand (547kg) respectively, as per data from The World Bank.

The upside is the country today has a smartphone penetration rate of 80%, out of which 41% are connected to the internet as of January 2020. Additionally, Myanmar — which has a population of 55 million — has 68.24 million mobile connections as of the start of the year, which is equivalent to 126% of the total population.

As a country of growers, the agricultural sector employs 70% of its labor force and generates 25% to 30% of total export earnings, according to the United Nations Food and Agriculture Organization.

Myanmar has a huge land area and a wide variety of growing conditions. It has more than 65 million hectares of terra firma, among the highest in Southeast Asia. But, only about 20% of its land area (12.6 million hectares) is actually used for agriculture. 

Source: https://techwireasia.com/2020/10/myanmar-at-the-crossroads-of-a-tech-driven-agriculture-boom/

Myanmar: Once… the Rice Bowl of Asia!