Participants at the Future Food-Tech Alternative Proteins conference in New York drew encouragement from the USDA's approval of cultivated chicken while examining challenges and opportunities across a diverse set of markets.
The funds were pooled from members of the Farm Credit System, a nationwide network a group of banks and lenders chartered to serve agriculture and the US rural economy.
Crop price premiums and increasing demand for organic products make the proposition for transitioning conventional land promising. But buyers beware: due diligence is rigorous, the transition process is labor-intensive, and there are no guarantees.
David Widmar, agricultural economist at Purdue University, told Agri Investor that the difficulties US farmers will face in the upcoming 2017 season are likely setting in.
The National Institute of Food and Agriculture has announced four grants to combat citrus greening disease, which has led to a 75 percent decline in Florida's $9bn citrus industry since it was first detected there in 2005.