Canada needs to move faster on agricultural technology investment [Toronto Globe and Mail (Ontario, Canada)]
Nutrien Ltd. Common Shares (NTR)
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Source: Toronto Globe and Mail
Canada needs to move faster on agricultural technology investment A farm tractor and baler sit in a hay field on a misty morning near Cremona, Alta., on Aug. 30, 2016. The Canadian Press A farm tractor and baler sit in a hay field on a misty morning near Cremona, Alta., on Aug. 30, 2016. Sean O’Connor is venture capital fund manager for Conexus Venture Capital, which invests in Saskatchewan-based startups Canada is a country of innovators with the seventh-largest amount of arable land in the world. Surely, we must be an agriculture-technology leader, right? Think again. According to Royal Bank of Canada’s 2019 Farmer 4.0 report, Canada imports more farm machinery than we make, while our share of global agtech investment is just 3.4 per cent. One of the main challenges in Canadian agtech is the lack of private capital to fund research and development, with just 11 per cent of today’s contributions coming from the private sector. The result of this underperformance in farm-to-fork
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