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The Agri-Tech Sector and Venture Capital

According to recent data from Crunchbase, nearly 800 Agri-Tech start-ups raised more than US$10 billion in 2022 globally, a 13% decline from the previous year[1]. Comparatively, start-ups in all sectors have seen a 35% decrease in raised capital for 2022. The Agri-Tech sector has proven to be much more resilient in the face of turbulent economic conditions, considering a 26% increase in the total number of rounds closed compared to 2021. The Controlled Environment Agriculture (CEA) subsector had the largest growth in invested capital in 2022, with an additional funding of US$700 million. The other significant increase in invested capital includes...

26 January 2023
Caroline
in Uncategorized
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Labour shortages in agriculture,
a hurdle for our food autonomy

In the agricultural sector, the labour shortage is increasing year after year. In Canada, more than 60,000 foreign workers worked in that sector in 2021 to try to fill the need for labour, an increase of 12% compared to the previous year despite the restrictions imposed by the pandemic[1]. In Québec, the Union des Producteurs Agricoles de la Mauricie indicated that over the past three years, the use of foreign labour has increased by 40% and estimates that 20,000 additional workers will be needed over the next 10 years[2]. This situation is exacerbated by multiple factors, the most significant of...

9 December 2022
Caroline
in Uncategorized
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The Canadian government wants to
reduce fertilizer emissions by 30% by 2030

According to a study unveiled in Glasgow at COP26, global production and use of synthetic nitrogenous fertilizers contributes to 21.5% of annual emissions from the agricultural sector, which represents 2.4% of global greenhouse gas emissions[1]. Nitrogen fertilizers are produced from natural gas, the main component of which is methane, a GHG that is 25 times more potent than CO2 at trapping heat. The adverse environmental effects go beyond emissions. Excessive application of synthetic nitrogen fertilizers has been shown to acidify and degrade the quality of soils, which affects productivity. In addition, the escape of nitrogen into waterways stimulates algal blooms...

27 September 2022
Caroline
in Uncategorized
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