Poor safety standards at China’s mega-farms are threatening investors with a crisis. But the potential returns earned by improving meat production processes provide an opportunity of the same scale.
Poor food safety standards and breakneck growth at Chinese mega-farms could impact companies’ bottom lines and cause reputational damage, an investor group warns.
Tokyo-headquartered Otsuka Pharmaceutical says that after the $325m deal is finalized, the plant-based cheese alternative supplier will become a pillar of its nutraceuticals business.
The funding will go towards increasing productivity through sustainable practices, ensuring food security, and promoting resilience and climate change mitigation.
South Africa’s Western Cape ag sector is set to receive a boost, as the province’s investment promotion agency focuses on agri-processing as a means towards economic growth and job creation.
San Francisco-based Plenty has raised $200m from Japan’s SoftBank Group and other high-profile investors in what it calls ‘the largest agriculture technology investment in history’.
The 14 berry and citrus farms could fetch as much as A$300 million, according to Kidder Williams, the agricultural corporate advisory firm executing the sale.