FOOD AND AGRICULTURE ORGANISATION OF THE UNITED NATIONS
HOW TO FEED THE WORLD IN 2050
By 2050 the world’s population will reach 9.1 billion, 34 percent higher than today. Nearly all of this population increase will occur in developing countries. Urbanization will continue at an accelerated pace, and about 70 percent of the world’s population will be urban (compared to 49 percent today). Income levels will be many multiples of what they are now. In order to feed this larger, more urban and richer population, food production (net of food used for biofuels) must increase by 70 percent. Annual cereal production will need to rise to about 3 billion tonnes from 2.1 billion today and annual meat production will need to rise by over 200 million tonnes to reach 470 million tonnes.
Greener Pastures examines the significant global opportunity in agriculture to 2050 and its implications for the Australian and New Zealand agricultural sectors, driven by the growing and increasingly-wealthy populations in Asia. It also explores the actions Australia and New Zealand need to take and the challenges they must overcome if they are to seize the opportunity. Key Themes include: Strong agricultural demand combined with growing supply constrains are driving an enormous opportunity for agricultural trade; Australia and New Zealand stand to capture an additional A$0.7-1.7 trillion and NZ$0.5-1.3 trillion respectively in agricultural exports between now and 2050; Maxamising growth will require Australia and New Zealand to overcome a broad range of barriers including capital constraints, skills shortages, land-use connects and inefficient water markets, unfocused R&D and extension services, rising supply chain costs and market access limitations; Leadership and commitment from all stakeholders will be critical in unlocking the full potential of Australian and New Zealand agriculture.
ANZ INFOCUS MAY 2017
AGTECH - ADVANCE AUSTRALIA AGRICULTURE
Digital change has been building in all aspects of our global economy for many years - including across Australian agriculture. There is extensive buzz around AgTech and its implication for our already booming agriculture industry. In 2016, there was a total global investment in AgTech of $3.2 billion and a 10% increase in global AgTech Venture Capital deals in a single year.
Throughout most of the twentieth century, research and innovation in agriculture was mostly funded with public money. Since the early 1980s, however, public expenditures on agriculture r&d have stagnated, even as demand for food continues to rise. As public funding has ebbed, new flows of capital from the private sector have increased. Private investors in general are spending more time evaluating agriculture investment for their portfolios. So much so that today there are over fifty global agricultural investment funds, plus a dozen Australian funds. A dramatic increase in corporate venturing of AgTech is also occurring. Industry trends driving AgTech: The digital reinvention of agriculture; The rise of farmland as an asset class for investors; New forms of commodity transactions; The long-term shift to contract agriculture. Changes on the farm driving AgTech: The imperative to grow revenue through value-added agriculture based on quality and provenance; Pressures to reduce resource cost; New ways to manage risk.
KPMG, QUEENSLAND GOVERNMENT AND COMMONWEALTH BANK
This report aims to uncover the opportunities for Australia in the emerging market of pre-farm gate digital technology. AgTech is defined as the collection of digital technologies that provide the agricultural industry with the tools, data and knowledge to make more informed and timely on-farm decisions and improve productivity and sustainability. Modern AgTech sets itself apart from the ongoing historical technological contribution to agriculture because of the speed with which the technology can scale and reach a global market.
Accessing Grants to Develop your Innovation
Do you have a great idea and want to turn it into innovation, but don’t know where to start? Do you need funding to take your idea to the next level?
Have you considered applying for a grant. Grants can be a very cost-effective means of funding for businesses and researchers to develop their idea. There is more than $7 billion available in grants for agriculture in Australia. Applying for a grant requires researching the funding organisation, clearly defining the problem, providing a clear solution and an understanding of the conditions for the need and use of funds. To the inexperienced, grant writing can seem like a very challenging task with little chance of success.
To improve your chances of success, consider using a professional grant writer.