There is a shift in the agricultural industry, which until recently was considered of limited national

importance. Farmland make up for less than 1% of the total land area in Singapore and account for 0.04%
of GDP in 2015, down from 0.5 in 2010.

Development in agtech stand to alter those statistics in time, allowing farms in the future to compete
effectively on price with imported food. As better agtech becomes available, opportunities are being
created for entrepreneurial farmers here.

More income

More tech savy farms such as Apollo Aquaculture are even innovating their own technology and
supplying it overseas, creating another source of income for the farm. Farming in Singapore are
about to have a new look.
Farmers are adopting technologies that allow them to move down the value chain easily. Hay
Dairies looking at machines that produces ice creams from yogurt and ice cream. Apollo
producing fish fillets and marinated fish in their fish farm. Lian Wah Hang looking at producing
salted and century egg in their egg farm. After the cost spreads out, profit margin can widen by
10%-15%.

Rooftop farming

He estimated that utilizing 10% of the total HDB flats rooftop area could yield 1.2 million
kilogram of vegetables a year.

Urban farming

A rising number of companies are growing an assortment of vegetable,mushrooms and herbs in

an the middle of urban area.
One company Citizen Farm can yield up to 100kg of produce a day on its 5000sq ft space. This is
then supplied to 30 local restaurants.
It is now building a farming space under the West Coast Viaduct.

With high tech farming, we can reach basic sustainability during time of war/ supply cut. Maybe up to a
month without any external supply. Says NTUs Tan, who is also a chief technology officer of Oceanus
Group.

This is the start of a farming revolution led by second-third generation farmers says Matthew Tan,
associate professor at the school of chemical and bioenginnering at NTU. He estimates that the yields of
modern farms can be five or six times those of traditional farms.

-releasing 60ha of land

-10years to 20 years and emphasis given to productivity gain and business viability.
-AVA 63 million agricultural productivity fund to modernize and invest in innovative technologies and
advanced farming system.

Statistics

Appolo Aquaculture

Intends to invest 40 million into the business

Plan to grow 10 times their current capacity to reach 5000 tonnes of fish annually within five
years.
From current 3 story farm to six story vertical fish farm.

Metro Farm

Remotely controlled aquaponics systems

Plan to double its current capacity with less than 1 million in investment.

Hay Dairies

Intends to invest 40 million into the business

Setting aside 8million to adopt technology to build a multi-story goat farm that will raise its
capacity by 40%.

We envision that farms in the future will be highly productive, and operate on minimum manpower by
making use of technology, including automation and robotics, with most of the farms moving indoors
and going high rise.

Thesis

There is still a few hurdles for to cross in order for Singapore farming industry to get to Farming 2.0. The
project aims to bridge the gap between the goal and the current implemented policies.

Revenue will be predominantly generated from agricultural production and the various course fees. A
significant portion will also be generated from the staycation villas and the other agri-tainment facilities
on site.

As for the research and development wing, it requires significant investment with the possible return
being more long term, thus it shall be funded by the states through its various existing policies e.g. AVA
productivity fund.