Today, there are hundreds of agriculture tech startups around the world, and some experts say the situation reminds them of the early days of the internet: There’s a lot of activity in agriculture, but no clear winners yet – it’s hard to say who might become the Facebook or Amazon of the scene. Couple that with climate change pressures, the fact that two billion more people will live on this planet by 2050, and that just 40% of the world’s land is available to grow crops, and you have yourself a market ripe for innovation — and big money.
”The ag tech space right now is in a very unique position. You can’t ignore the fundamentals,” says vice president of Business Development at AgTech Accelerator Corp., Corey Huck. You have to produce a lot more crop on limited acres, and 70% of fresh water is already being used in agriculture. We have to do more with less at the end of the day and the only way you can do that is with technology.”
Sources: Forbes | The 25 most Innovative AgTech startups