Agri-foodtech can help to mend many of these bridges, make the agri-food industry more sustainable, transparent, agile, and able to respond more quickly to changing consumer demands. Issues such as food waste, which occurs across the food chain, can be better solved with a more holistic view of the industry, for example. Viewing agri-food as a single industry that spans the value chain from farm to fork can also help engage consumers early with technologies that go into food production to avoid backlash, and raise awareness of issues on the farm such as soil health and environmental impact.
On the consumer side, companies as diverse as Blue Apron, Heinz, and Costco, are now working directly with growers to address various challenges and opportunities in their own supply chain. On the agriculture side, farming cooperatives like Land O’ Lakes are building powerful food brands, while companies like Soufflet in France have built a portfolio that spans ag retail, grain trading, food processing, consumer packaged goods (CPG) and catering. Similarly, Rabobank started as a farmer’s cooperative but has become the world’s largest food and agriculture-focused bank. We’re also seeing the convergence of agriculture and food in venture capital where VC funds like Avrio Capital and S2G Ventures invest seamlessly across the agri-food value chain.