Making every drop count: How AgTech investing yields more than crops
Food scarcity is a real fear. We must produce more food in the next four decades than we have in all of the last 8,000 years of agriculture combined, according to the World Wildlife Fund. Not only that, but this must be done under increasing strains of dwindling land and water resources in addition to challenges posed by climate change and energy needs. This is a great test for mankind, but also a great opportunity for the growing agricultural technology sector. In fact, the twin unprecedented challenges of increasing food supply and reducing resources used for agriculture are the main forces driving innovation and investment in the sector. Opportunities for investment and growth The global agricultural sector itself produces about $120 billion in annual revenues, and farm assets total about $2 trillion, according to recent data, making it one of the biggest components of the world economy. It was not until recently that innovation in this field began attracting the attention of venture capitalists and tech industry investors. A turning point came in 2013Â when agrochemical giant Monsanto acquired Climate...
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