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Five Trends Farmers And Tech Companies Are Betting The Farm On
Farmers and tech companies weigh in. In 2021, AgTech had significant growth. According to Finistere Ventures' 2020 AgriFood Tech Investment Review, developed in collaboration with PitchBook Data, the total global investment in agrifood tech was $22.3 billion, with five billion going to AgTech and $17.3 billion in food tech. The report also finds the market is growing at a 50% compound annual growth rate. In the controlled environment agriculture like indoor vertical farms, analysis from Allied Market Research projected growth investment in 2018 of $2.4 billion to 18 billion by 2026.