Brief: $2bn ‘integrated ag parks’ to be established in India to tackle global food insecurity
July 14, 2022
The tech-enabled parks are a joint project between India, Israel, the UAE, and the US.
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Tag: Industry Brief
Cargill family members added to world’s richest list amid rising food prices
April 19, 2022
The Cargill-MacMillan family, which owns about 87% of Cargill, has seen its fortunes soar as global commodity prices hit all-time highs against a backdrop of pandemic, war, and economic uncertainty.
Brief: Almost 1% of global GDP spent on ‘destructive’ ag, fishing & forestry subsidies each year
February 17, 2022
Subsidies are “driving the destruction of ecosystems and species extinction,” according to a new report from The B Team and Business For Nature.
Brief: Almost 40% of purchased carbon credits are more than 5 years old
February 11, 2022
Credits generated under older, less-rigorous schemes have questionable impact – and could damage confidence in nascent carbon markets.
Brief: USDA commits $1bn to ‘climate-smart commodities’
February 8, 2022
The agency will fund pilot projects to produce commodities “using farming, ranching or forestry practices that reduce emissions or sequester carbon.”
Brief: Greenlight Biosciences completes $1.2bn merger to list on Nasdaq, closes up 5%
February 4, 2022
Greenlight Biosciences develops RNA products for agriculture and human health, including in the Covid-19 vaccine arena.
Brief: USDA appoints first-ever federal committee for urban agriculture
February 3, 2022
The Federal Advisory Committee for Urban Agriculture includes several entrepreneurs and experts from the world of agrifoodtech.
Brief: Cultivated meat included under China’s Five-Year Plan for the first time
January 31, 2022
‘Future food’ is one of several areas outlined in a new document setting out agricultural policy objectives under the country’s 14th Five-Year Plan.
Brief: India to offer subsidies of up to 100% to encourage farm drone adoption
January 25, 2022
Drones could be revolutionary for Indian agriculture – but their cost means they remain out of reach for most of the country’s farmers.
Brief: Indian farmer-to-business platform WayCool bags $117m to build agrifoodtech conglomerate
January 17, 2022
The Chennai-based startup will use the Series D funds to expand into “aligned” categories including alt-protein, according to CEO Karthik Jayaraman.
Brief: MycoWorks banks $125m Series C funding to build alt-leather factory
January 13, 2022
Its animal-free leather analog, Reishi, is produced using mycelium – the vegetative ‘roots’ of fungi.
Brief: Beyond Fried Chicken to make US nationwide debut at KFC
January 6, 2022
Beyond Meat’s southern fried chicken analog will be available to diners at 4,000 KFC locations across the US from Monday.
Brief: John Deere unveils its first commercially available, fully autonomous tractor
January 5, 2022
The US company said it expects to begin shipping the driverless version of its 8R row crop tractor during the second half of the year.
Brief: Walmart robot provider Symbotic announces $5.5bn SoftBank SPAC
December 14, 2021
Symbotic said it’ll use the proceeds to “accelerate its growth plans” and “efficiently deliver on its contracted backlog.”
Brief: McCain invests $55m into Irish plant-based brand Strong Roots
December 9, 2021
The pair said they’re partnering to “fix the freezer aisle and provide plant-based, environmentally responsible, positive food choices” globally.
Brief: The EVERY Company raises $175m to ferment animal-free proteins at scale
December 7, 2021
The San Francisco precision fermentation company will scale up its process for brewing animal-free egg proteins and other high-functioning ingredients.
Brief: CNH Industrial makes 2 acquisitions in 1 week to boost precision ag capabilities
December 7, 2021
The tractor maker had previously announced its buyout of South Dakota tech firm Raven Industries in a deal worth $2.1 billion.
Brief: Food delivery app Grab raises $4.5bn following record-breaking SPAC deal
December 3, 2021
CEO Anthony Tan said the company will invest part of the proceeds into mapping tech in order to “deliver groceries more efficiently.”
Brief: DSM acquires one of Europe’s top pea protein producers in $74m deal
November 30, 2021
Vestkorn Milling supplies proteins, fibers, and starches to manufacturers of plant-based meat alternatives, pet foods, and animal feed.
Brief: Impossible Foods brings total funding to $2bn with new $500m raise
November 23, 2021
The round was led by South Korea’s Mirae Asset Global Investments.
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I’m drowning in new food! Can someone please restructure me out of this mess?