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My Lords, I declare my farming interest as set out in the register. The advantages of precision farming and technological innovation go beyond reducing carbon emissions. They also provide a range of improvements to the environment and farm productivity. The Government committed £160 million to the five-year agritech strategy in 2013. We continue to support British food and agricultural innovation through the £90 million “Transforming food production” initiative to make food production more efficient while lightening our environmental footprint.