Agritech companies received a total of $561 million investments in 2022 while foodtech saw $1.3 billion, marking a YoY growth of 4.66% and 30%, respectively.
If farmers abandon wheat farming at the rate that analysts are projecting, the US could see more decline in wheat production than it initially expected.
NBS data showed that food and non-alcoholic beverages contributed 11.51% to the total inflation rate from April 2022 to April 2023, which is the highest by a long shot.
