Global demand for food security is increasing. Can smart farming help meet it?

March 6, 2018 – According to the Harvard Business Review (HBR), food demand is expected to increase anywhere between 59 to 98% by 2050 as the world’s population expands and demand for higher quality food increases.

Corn

Our question is what happens to food security as demand mushrooms all over the world?

While food production varies by regions of the world, the American Midwest continues to be a vital source of safe world food production. But, farm production and income are declining.

The USDA forecasts lower net farm income in 2018 after enjoying a mild rebound in 2017. Net farm income is set to drop again this year. The new forecast would amount to 50% of what farmers nationwide earned during the boom year of 2013.

High tech companies, such as IntelliFarms of Archie, MO believe that “those who own the dirt have the power.” Smart firms like this work to bring new solutions that grow margins, generate value, and bring profit back to the farm.

The HBR continues to point out that advanced logistics, transportation, storage, and processing are crucial for making sure that food goes from where it grows in abundance to where it doesn’t. This is where soft commodity trading companies, such as Cargill, Louis Dreyfus, or COFCO, come in.

These trading companies have a much greater impact on food security, because they source and distribute our staple foods and the ingredients used by Big Food, from rice, wheat, corn, and sugar to soybean and oil palm.

It will take a monumental effort to support growers to produce food more efficiently, and then to get it to world consumers safely.

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