Smart Farms and its Business Issues According to the United Nations Food and Agriculture Organization, food production must increase by 60% by 2050 to be able to feed the growing population, which is expected to reach 9 billion. The increase in crop productivity is need of the hour, and it is the cornerstone of any solution for solving problem of food shortage and farm profitability problems. In accordance of this, we have "Smart farms" which involves the use of Information Communication Technologies (ICT) and in particular, the Internet of Things (loT) for better crop productivity and efficient farming