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Despite some negative publicity associated with beef’s GHG emissions, the sector received a $500m USDA package to increase processing capacity while Rabobank’s Justin Sherrard says, ‘beef is where the answer lies.’
Cows grazing, farm
Protein strategist Justin Sherrard expects net-zero commitments by food retail, food service and beef processors will spur investor interest in reducing beef’s 6% contribution to global emissions.
The C$119bn pension formally added agriculture in 2019 to a historically timber focused portfolio, which was rebranded as 'renewable resources.'
Tomato Greenhouse, controlled environment ag, CEA
Chairman Dave Chen says developments in controlled environment ag since Fund I’s $336m close in 2019 helped attract large Canadian and European pensions to its successor.
Partner Ben Kortlang says Los Angeles-headquartered ProducePay aims to provide fresh produce the same information sharing and intermediary functions that have transformed transportation and used car markets.
Founder Allison Kopf says banks, private funds and midstream incumbents could all be among lenders supporting expected capex of about $20bn over the next 10 years for leafy greens alone.
Carrot growing in soil
The firm, one of the first VC firms to focus on Australian agtech, exceeded its fundraising target of A$30m for its inaugural vehicle.
Flagship general partner Ignacio Martinez says the company’s integrated approach to pest management has an initial focus on olive pests and citrus greening, with plans to achieve revenue by early 2022.
Ponsi Trivisvavet says the Series D will support development of the Flagship Pioneering-backed startup’s next-generation corn and soybean seeds, which are likely to reach markets within a ‘couple of years.’
Founder Matt Crisp says the plant-based protein supply chain has been the natural ‘proving ground’ for the company’s data and analytics platform, which can also support future food system trends.
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