AGRI - Rising Food Prices Could Create Opportunities In Agricultural Tech - How AgriFORCE (NASDAQ: AGRI) Has Strengthened Its IP Portfolio To Prepare
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By David Willey, Benzinga
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As we enter a new year,the continued steep rise in food prices has shaken consumer confidenceand had rippleeffects in decreased spending across the economy. While therecent Consumer Price Index (CPI) report reveals that inflationis finally slowing , consumers have still had to pay a heftyprice tag for food items – which have seen a 10.6% price increase fromlast year.
Thereis hope, however, that as the growing and harvesting season in thenorthern hemisphere ends with the onset of winter, the pressures fromthe Ukrainian supply-chain disruption will abate. As the focus nowshifts to food production in the southern hemisphere, agriculturaltechnology (AgTech) companies will have the opportunity to findsolutions to increase southern hemisphere food production.
The AgTech industry,which looks to make crop growth and development more efficient, is currentlyworth over $18 billion . Some companies involved in seekingopportunities in the AgTech space include FMC Corp. (NYSE: FMC)and Tyson Foods Inc. (NYSE: TSN) and AgriFORCE GrowingSystems Ltd. (NASDAQ: AGRI).
Inparticular, AgriFORCE is developing AgTech innovations andbuilding out a robust intellectual property (IP) portfolio tocreatively solve industry problems. As we enter a new year, thecompany can look back on how it has advanced its ambitious visionthrough its multiple initiatives.
Harnessing Initiatives For AStronger Future
AgriFORCE is powering AgTech to transform farming through anew, integrated vision of crop development. The company’s fourpillars that build out this distinct vision include its dedication toautomation and artificial intelligence, nutrients, andmicropropagation and genetics. These pillars drive the company’scommitment to consulting on AgTech knowledge, building out itsproprietary IP, and developing its innovative controlled environmentagricultural (CEA) solutions.
As part of solving problems in the industry,AgriFORCE is moving forward with several important initiatives. Theseinclude FORCEGH+ ,its proprietary facility design that delivers a cutting-edge CEA usingadvanced AgTech. FORCEGH+, which recently received a patent, harnesses the company’s IP to deliver optimized,sustainable food production, and it is capable of cultivatinghigher-quality crops under extreme macroclimates.
AgriFORCE also recently receiveda patent for its UN(THINK) food brand. The company istransforming the wheat market, which currently sees over$212 billion in revenue, through its 100% natural wheat flourwhich is both a non-genetically modified organism (GMO) and morenutritiously dense than traditional wheat.
The company is also strengthening its powerfulIP portfolio and will be able to expand its consulting activities withthe planned acquisition of leading European AgTech consulting firm, Delphy. This plannedmerger allows AgriFORCE to chase down the best solutions, optimizingits global footprint to become a leading player in the AgTech market.
To learn moreabout the company, visit its website here .
This article wasoriginally published on Benzinga here .
AgriFORCEGrowing Systems Ltd. (NASDAQ: AGRI; AGRIW) is an agtech companyfocused on building an integrated agtech platform that combines thebest technology, intellectual property and knowledge to solve anurgent problem – providing the best solutions to help drivesustainable crops and nutritious food for people around the world.Looking to serve the global market, the Company’s current focus ison North America, Europe and Asia. The AgriFORCE vision is to be aleader in delivering plant-based foods and products through anadvanced and sustainable agtech platform that makes positive change inthe world—from seed to table.
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