Mitchell Presser and Mike Ward spoke to AgFunderNews about the relationship between the private equity investment and growth in agrifood tech, how the agrifood space has changed in the last five years, and what they're looking forward to in the future.
"There are two themes I get really excited about," Mitchell said. "Regenerative agriculture and the supply chain. We still have something designed as bandaids rather than surgery. There are not nearly as many people who are ultimate buyers of things. Even in the tech space, there are all different kinds of tech out there. It's about figuring out how to use them in an integrated way. Consolidators of tech and the use of tech are going to create real value, and then they are going to be able to become the exits for a lot of these companies. For regenerative, it's really about our resource limitations and how we make much more of what we have without destroying what we have at the same time."
Mike added that right now, he's fascinated by companies that are doing deep sequencing and soils. “One of the interesting areas they work on is biodegradable plastics,” he said. “They are using them in Wisconsin to plant corn three to four weeks earlier than usual. The earlier you plant, the later you can harvest, and the higher the yield. Things like this that are going on are fascinating and [they’re] looking at how to get those to scale.”
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