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Insight

Agriculture disruption: can agtech help to feed a changing world?

In order to feed almost 9.8 billion people by 2050, food production needs to increase by roughly 50%. In response to this, investments in agtech have tripled over the last year. These investments centre around the use of modern technology in agriculture to improve efficiency, sustainability and profitability.

The Situation Today

The world population is expected to reach 9.8 billion by 2050. The number of people living in Africa will double within the next 30 years. Developing countries, in particular, will contribute to this predicted growth. Couple this with a longer life expectancy and it’s easy to understand why food production needs to increase by roughly 50%. Output wise, annual meat production has to rise by 200 million tonnes to reach 470 million tonnes and annual cereal production needs to rise by 0.9 billion tonnes to reach 3 billion tonnes. The demand for proteins and nutrition is growing significantly in underdeveloped countries.

Climate change affects conventional agriculture; weather conditions make growing enough food a challenge, air pollution causes the degradation of land and there is limited access to water. To stop climate change, food miles (the distance food is transported from production until it reaches the consumer and a major factor in assessing the environmental impact of farming) need to be reduced and farming needs to become more ecological. This can be achieved by producing sustainably, efficiently and locally.

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Author

Philip B Farrelly

Partner (Transaction Services)

Philip B Farrelly is a partner (Transaction Services) with Farrelly & Mitchell and has consulted on several food and agribusiness assignments.

Agriculture disruption: can agtech help to feed a changing world?

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Agriculture disruption: can agtech help to feed a changing world?

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In order to feed almost 9.8 billion people by 2050, food production needs to increase by roughly 50%. In response to this, investments in agtech have tripled over the last year. These investments centre around the use of modern technology in agriculture to improve efficiency, sustainability and profitability.

The Situation Today

The world population is expected to reach 9.8 billion by 2050. The number of people living in Africa will double within the next 30 years. Developing countries, in particular, will contribute to this predicted growth. Couple this with a longer life expectancy and it’s easy to understand why food production needs to increase by roughly 50%. Output wise, annual meat production has to rise by 200 million tonnes to reach 470 million tonnes and annual cereal production needs to rise by 0.9 billion tonnes to reach 3 billion tonnes. The demand for proteins and nutrition is growing significantly in underdeveloped countries.

Climate change affects conventional agriculture; weather conditions make growing enough food a challenge, air pollution causes the degradation of land and there is limited access to water. To stop climate change, food miles (the distance food is transported from production until it reaches the consumer and a major factor in assessing the environmental impact of farming) need to be reduced and farming needs to become more ecological. This can be achieved by producing sustainably, efficiently and locally.

Click here to download the full insight.

Download Full Insight

Author

Philip B Farrelly

Partner (Transaction Services)

Philip B Farrelly is a partner (Transaction Services) with Farrelly & Mitchell and has consulted on several food and agribusiness assignments.

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