"In 2023, I predict we're also going to see an expansion of the types of products grown in a CEA environment due to ongoing supply chain issues and associated challenges, such as the rising costs of goods and services. I expect more leaders in the agriculture space to take a new look at the category and determine what more could be planted using CEA methods," says Bryan Fried, President and CEO of PANGEA Global Technologies.
Universities becoming more involved
In 2023, Bryan also anticipate colleges and universities putting more resources into agricultural research. For example, the University of California at Davis received a donation in 2022 from Lynda and Stewart Resnick of Beverly Hills for $50 million to build an agricultural research hub. The "center will work on making crops more resilient and sustainable during climate change, maximizing water and energy efficiencies and expanding access to nutritious food," the LA Times reported.
Another example is from Nationwide, which promised an initial $2 million to create the AgTech Innovation Hub at Ohio State University, which will research how to combat the impact of climate change on crop production, the American City Business Journals said (paywall). The College of Agricultural and Life Sciences at the University of Idaho will receive a $55 million grant from the U.S. Department of Agriculture to help Idaho farmers address climate change. Harrisburg University also announced a one-million-dollar donation to help fund a 23,000-square-foot Center for Advanced Agriculture and Sustainability that's focused on researching new technologies in the food and agriculture space.
Read the entire article at Forbes
