USA News Group
Commentary Issued on behalf of Bee Vectoring
Technologies International Inc.
VANCOUVER, BC, May 9, 2024
/PRNewswire/ -- USA News
Group – In order to help farmers advance conservation and
climate-smart agriculture, the USDA recently made
$1.5 billion available as part of US
President Biden's Investing in America Agenda. The newly-available
capital is part of several climate-smart agriculture investments
the USDA has made since the beginning of the current
Administration's reign, which have been made through the Inflation
Reduction Act, and the Partnerships for Climate-Smart Commodities
program, which have been estimated to support over 180,000 farms
and over 225 million acres in the next 5 years. According to
analysts at Straits Research the Smart Agriculture Market is
projected to reach US$36.24 billion
by 2030, growing at a CAGR of 10.8%, while Markets and
Markets predicts the Precision Farming Market to grow to
US$21.9 billion by 2031, growing at a
CAGR of 10.7%. As farmers and the agriculture industry works to
produce environmentally friendly food that meets these goals,
several agritech companies are working behind the scenes to help,
including Bee Vectoring Technologies International
Inc. (CSE: BEE) (OTCQB: BEVVF), Nutrien Ltd.
(NYSE: NTR) (TSX: NTR), The Mosaic Company (NYSE: MOS),
CF Industries Holdings, Inc. (NYSE: CF), and Bunge Global
SA (NYSE: BG).
With its innovative system that utilizes commercially reared
bees to deliver biological pesticide alternatives directly to
crops, Bee Vectoring Technologies International Inc. (BVT)
(CSE: BEE) (OTCQB: BEVVF) is poised to disrupt the $250 billion crop protection and fertilizer
market. Biological agricultural products, often referred to as
biologicals, are expected to eventually supplant chemical
pesticides and fertilizers. According to analysts at
DataHorizzon Research, the biologicals sector is forecasted
to grow at a CAGR of 13.3%, reaching a market size of US$45.3 billion by 2032.
BVT recently updated its corporate partnership strategy,
securing new international trials and expanding the use of its
flagship asset, CR-7. The company also announced the results from a
Michigan State University trial,
demonstrating that CR-7 effectively reduces early disease infection
and fungal disease by over 90% compared to untreated plots,
matching the efficacy of conventional chemical treatments.
"We can confidently conclude from the Michigan State University trial that BVT's CR-7
controls fungal disease extremely well as a spray application,"
said Dr. Mason Newark, Field
Technical Manager at BVT. "This trial demonstrates that CR-7
could be integrated into a pre-bloom or post-bloom spray program to
extend disease control throughout the season."
Over the past year, BVT has already achieved significant
milestones with trial announcements in Spain with Agrobío, Mexico with a major multinational grower, and
South Africa with MBFi,
highlighting the expanded use of the proprietary plant-beneficial
microbe, Clonostachys rosea CR-7, as a foliar application. This
expansion included the product's first sale to BioSafe
Systems. Building on the successful Michigan State University trial results, plans
are in place to repeat these trials in the coming years. To further
bolster its technical and strategic capabilities, the company has
welcomed seed and crop protection veteran Gustavo C. Gonzalez to its Board of
Directors.
"Gustavo's appointment is a reflection of our commitment to lead
the industry into a future where innovation and sustainability are
at the core of growth," said Ashish
Malik, CEO of Bee Vectoring Technologies. "His
extensive experience in agribusiness and profound understanding of
the international market dynamics will be pivotal as we scale our
unique technology. We are thrilled to harness his expertise as we
continue to revolutionize the way crops are cultivated and
protected."
Working to make food production more sustainable, leading crop
inputs and services provider Nutrien Ltd. (NYSE:NTR) (TSX:
NTR) recently released its Global Sustainability Report, detailing
the company's performance and progress no its sustainability
initiatives up until year-end 2023. Among the key highlights,
Nutrien noted measured, documented and calculated
sustainable outcomes on approximately two million sustainably
engaged acres in North America,
South America and Australia.
"Nutrien has a critical role to play in helping provide
the food, fuel and fiber the world needs," said Tim Faveri, Vice President, Sustainability and
Stakeholder Relations for Nutrien. "In 2023, we continued to
build strategic partnerships to help amplify our impact while
refining our sustainability strategy to align with core business
objectives that support both the environment and our people,
customers, supply chain partners, communities and
shareholders."
Further demonstrating its commitment to shape future agriculture
leaders, Nutrien subsidiary Nutrien Ag Solutions
announced a multi-year commitment of nearly $850,000 to the National FFA
Organization. As per the commitment, Nutrien will donate
$282,500 per year to support a
variety of National FFA Organization programs and events
from 2024 through 2026.
According to Bruce Bodine,
newly-appointed CEO of The Mosaic Company (NYSE: MOS),
fertilizer demand is set to rise. Mosaic is coming off of
recently hosting members of the agriculture community in
Florida to tour their phosphate
operations, and learn more about the company's Advanced Crop
Nutrition (ACN) program. The ACN program is supported by Mosaic
Biosciences' BioPath and PowerCoat products, which are both
biological fertilizer components formulated with proven strains of
Plant Growth Promoting Rhizobacteria (PGPR), that increase nutrient
availability, uptake, and utilization.
"At Mosaic, we view soil health as a system approach, therefore
any change to one part of the system affects other parts," said
Keith Byerly, Commercial
Sustainability Lead, for The Mosaic Company in an
interview with CropLife. "For example, if you cut out
seed treatments, the microbial, or the soil fertility program,
you're unlikely to achieve optimum soil health. In addition, you've
disrupted the balance and equilibrium of the system."
The world's largest ammonia producer CF Industries Holdings,
Inc. (NYSE: CF) recently announced the execution of a joint
development agreement (JDA) with Japan's largest energy company JERA Co.
Inc. (JERA), to explore the development of greenfield
low-carbon ammonia production capacity at CF
Industries' Blue Point Complex in Louisiana. As per the JDA, CF
Industries and JERA will evaluate a joint venture
agreement to build an approximately 1.4 million metric ton capacity
low-carbon ammonia plant, with JERA contemplating a 48%
ownership stake in the project, as well as a potential offtake
agreement to procure more than 500,000 metric tons of low-carbon
ammonia annually to meet demand for low-carbon fuels in
Japan.
"We are pleased to expand our relationship with JERA as
our companies advance leading-edge decarbonization initiatives that
will help JERA and Japan
achieve their decarbonization goals," said Tony Will, President and CEO of CF Industries
Holdings, Inc. "We believe that JERA's projects, which
represent the first meaningful volume of what we believe will be
substantial global demand for low-carbon ammonia as an energy
source, will demonstrate the significant contribution ammonia can
make to meet the decarbonization goals of hard-to-abate
industries."
Upon the potential closing of somewhat controversial
merger between Bunge Global SA (NYSE: BG) and
Viterra, the duo have already named the executive leadership
team for the combined company that would be solidified as the
world's largest oilseed processor, which would be led by
Bunge's current CEO, Greg
Heckman.
"The future combined company will expand its reach into more
crops and countries, offering farmers greater market access and
differentiated, value-added solutions in all key origins," said
Heckman. "Food, feed & fuel customers will benefit from a
broader product portfolio and expanded global supply options."
Bunge is also coming off of an approved final investment
decision with Chevron to build a new oilseed processing
plant adjacent to its existing processing facility located on the
Gulf Coast in Lousiana. Operated under the jointly owned Bunge
Chevron Ag Renewables LLC, the plant features a flexible
design, intended to process soybeans as well as softseeds,
including novel winter oilseed crops, such as winter canola and
CoverCress, among others.
Article Source:
https://usanewsgroup.com/2024/04/26/the-currency-of-tomorrow-why-investing-in-cutting-edge-ai-recognition-tech-could-mean-big-money/
USA News Group
Editorial Staff
CONTACT:
USA NEWS
GROUP
info@usanewsgroup.com
(604) 265-2873
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