Precision Farming and Biotech Innovations Drive Agricultural Growth and Global Food Security
USA News Group Commentary
Issued on behalf of Bee Vectoring Technologies International Inc.
VANCOUVER, BC, May 30, 2024 /PRNewswire/ — USA News Group – The current global food security situation is generating calls for international collaboration and strategies. A recent example titled The Case for U.S.-China Cooperation on Climate-Smart from the Center for Strategic & International Studies highlights the critical roles of two of the world’s biggest economic superpowers. Currently, the International Atomic Energy Agency (IAEA) and Food and Agriculture Organization of the United Nations (FAO) are bringing together nearly 500 participants from 112 countries for the 2024 International Symposium on Food Safety and Control. Economically, the agricultural industry is surging, with analysts at MarketsandMarkets publishing a report that the world’s Top 10 Agriculture Markets will grow from US$81.5 billion in 2023 to US$94.23 billion by 2024, showing a year-over-year increase of 15.7%. This expansion is driven by breakthroughs in precision farming, biotechnological applications, and the integration of new GMOs with agritech companies spearheading efforts to ensure future food security, including developments from Bee Vectoring Technologies International Inc. (CSE: BEE) (OTCQB: BEVVF), The Scotts Miracle-Gro Company (NYSE: SMG), Bunge Global SA (NYSE: BG), Archer-Daniels-Midland Company (ADM) (NYSE: ADM), and Origin Agritech Limited (NASDAQ: SEED).
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