Key facts:
In order to feed the estimated **9.7 billion people on earth in 2050** with fresh food, agriculture must overcome many pressing challenges: increasingly meat-heavy diets, degradation of fertile land, widespread water shortage, increasingly volatile weather, and climate change. Addressing the question of how to utilize the next generation of technology and ****jump-start into the Third Agricultural Revolution is crucial for the future of agriculture companies. Welcome to the AgriTech industry. The Global agricultural industry market is estimated to be about $8.7 trillion according to the Plunkett Research estimate.
American food wastes roughly 40 percent of its food. Of the estimated 125 to 160 billion pounds of food that goes to waste every year, much of it is perfectly edible and nutritious. Food is lost or wasted for a variety of reasons: