According to the United Nations Food and Agriculture Organization (FAO), the global consumption of meat reached an impressive 340 million tons in 2021. This represents an annual increase of 1.4%, signaling a continued upward trajectory from the previous year. The FAO esitamtes that about 83% of the world's population consumes meat on [...]
Precision agriculture - also called precision farming, digital agriculture and sometimes "smart farming" - is a management strategy that encourages the precise use of resources, technology and farming practices to increase the accuracy, efficiency, yields, quality, profitability and sustainability of agricultural production. That's a fairly simple definition of the term. The truth [...]
The orange juice market is facing challenges primarily because of problems in Florida. The state is second only to Brazil in global orange juice production. Historically, Florida has produced more than 70 percent of the United States' supply of citrus. In most seasons, more than 90 percent of America's orange juice is [...]
There are countless media reports on changes to global food prices and most are based on monthly data released by the Food and Agriculture Organization of the United Nations (FAO). Specifically, they refer to changes in the FAO Food Price Index (FFPI). The FAO Food Price Index is a measure of change [...]
When searching online for the world's largest food company Nestle tends to top most lists. The problem with many of these lists is that they select companies based on their overall revenues despite the fact that large percentages often come from non-food products. It is true that Nestle's revenues came in at [...]
Vertical indoor farming is growing up and as it does some companies are emerging as major players. As of 2021, over 2,000 vertical farms were in operation in the U.S. While more than 60 percent of these are owned by small growers, the market seems ready to invest in some winners. The [...]