5 Agtech Trends Venture Investors Are Watching Right Now
A I • Mar 19,2018
Agriculture market will change our lives in the next decade. The demand is rising and by 2050 the agriculture production will be doubled in order to feed the world’s population, which, at the same time, will be increased by nearly 50% over the next 45 years. Humanity needs to produce more food with less arable land and natural resources, including 30% of available fresh water supply.
With increasing quality of life is leading to greater demand for food with higher nutrition content, for example, organic production. The demand for protein will also increase and agriculture needs to support this new demand as well. The industry is facing big questions right now and these agtech trends that venture investors are watching in the industry right now.
Genetics
Crispr is reimagining gene editing and making its way to the agriculture. Companies are leveraging the use of big data and machine learning to help agriculture genetics and scientists develop higher yield, higher quality plant traits based on massive, industry-wide data sets.
Alternative proteins
Industrial proteins can now be produced in bioreactors with less cost. Bioreactors are more cost-efficient than corn production and actually consume carbon as a part of the production process.
Vertical farming
Vertical farming can replace much of the classic, land farming. Vertical farms, placed on 200 blocks, can feed a 2.5 million city. They are more resource efficient, reduce the possibility of foodborne pathogens and carbon footprint by growing food in close proximity to the people it will feed.
Biologics
Biologics are also moving from healthcare to agriculture. The process of bacteria-fighting bacteria will become the next big thing in agriculture health. Biologics will allow farmers to treat their crops chemical-free boosting yield and leading to the crops without chemicals.
Precision farming
Farmers are using big data analytics, cloud computing and other tools to be more efficient and drive larger profits. Digital revolution is here and new technologies are coming to revolutionise the farm.
The market has changed to allow entrepreneurship to set the pace for agricultural innovation. Now industry-shaping innovations are coming not from the R&D departments of largest corporations but from small startups. Venture investors want to invest in the solutions that will shape the agriculture market.
Related articles:
- Major Trends in Agtech for 2018 (TechCrunch)
- Easy DNA Editing Will Remake the World. Buckle Up (Wired)
- AgriFood Tech Investment Surges to $10.1bn Bringing in a New Normal (AgFunder News)
Author: AI.Business
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