IGF::OT::IGF AGRICULTURE FACES MAJOR CHALLENGES IN THE DECADES TO COME DUE TO INCREASING RESOURCE PRESSURES…

Public award description

IGF::OT::IGF AGRICULTURE FACES MAJOR CHALLENGES IN THE DECADES TO COME DUE TO INCREASING RESOURCE PRESSURES, SEVERE WEATHER AND CLIMATE CHANGE, POPULATION GROWTH AND SHIFTING DIETS, AND ECONOMIC DEVELOPMENT. RICE IS ONE OF THE MOST IMPORTANT CROPS GLOBALLY CONSIDERING ITS ROLE IN THE EARTH SYSTEM, FOOD SECURITY, AND PROVIDING LIVELIHOODS WITH MORE THAN 1 BILLION PEOPLE DEPENDING ON RICE. TOOLS AND SYSTEMS THAT CAN HELP MONITOR PRODUCTION AND SUPPORT RISK MANAGEMENT ARE NEEDED FOR DECISION MAKING BY MANY END USERS AND GOVERNMENTS. FUTURES ARE A TOOL USED TO MANAGE OR HEDGE RISK, REDUCE VOLATILITY, IMPROVE FOOD SECURITY, AND MAXIMIZE EFFICIENCY AND PROFIT ON THE OPEN MARKET. CURRENTLY, THE RICE FUTURES MARKET HAS LITTLE HIGH QUALITY AND TIMELY INFORMATION AVAILABLE TO MAKE STRATEGIC OR APPLICATION SPECIFIC DECISIONS TO REDUCE RISK AND MAXIMIZE PROFIT. THE GLOBAL RICE FUTURES MARKET IS THINLY TRADED CAUSING EXTREME PRICE FLUCTUATION ORDERS OF MAGNITUDE. THE INNOVATION OF RICE DECISION SUPPORT SYSTEM (RICEDSS) IS THE SEAMLESS FUSION OF OPERATIONAL SATELLITE REMOTE SENSING MONITORING METRICS OF RICE AGRICULTURE, RICE YIELD MODELING, AND WEATHER FORECASTS TO GENERATE NEAR REAL TIME INFORMATION ON RICE EXTENT, GROWTH STAGES, PRODUCTION FORECASTS AND STATISTICAL UNCERTAINTY. RICEDSS USES A STATE-OF-THE-ART OPEN SOURCE FRAMEWORK WITH ADVANCED AUTOMATION ROUTINES, WEB-GIS, AND MOBILE TECHNOLOGIES TO SUPPORT VISUALIZATION AND DELIVERY OF INFORMATION TO SUPPORT GLOBAL FOOD SECURITY PROGRAMS AND COMMODITY MARKETS.