5 @ 5: Risks of Inexpensive Food | Alt seafood investment | Aquaculture boom


Is cheap food worth the risk?

This Bloomberg Q&A with Bartow J. Elmore, author of “Seed Money: Monsanto’s Past and Our Food Future,” delves into the history of the titan of GM farming Monsanto and explains how the makers of these technologies initially had little knowledge on the disproportionate negative. ramifications of their products on the environment. When it became clear that their signature compounds were harmful to humans and nature, however, they did nothing to alert the public or stop operations. Moreover, the company has been allowed to get away with this conscious endangerment for so long due to a weak “divide between the science that is used to decide on regulation and the people that are regulated.” Elmore argues that “biomimicry,” or the creation of technology that acts in the same way as nature, is the future of agriculture.

What is fueling the boom in alternative investments in seafood?

The seafood alternative space expands beyond alternatives to canned tuna (finally) to meet the growing demand for plant-based alternatives to popular seafood such as shrimp, salmon and whitefish. . As of June 2021, the capital invested through disclosed deals of alternative seafood companies alone stood at $ 116 million; this figure exceeds total industry funding in 2020. Emerging US companies in the space include Gathered Foods, New Wave Foods and The Plant Based Seafood Co., with global food giants like Nestle, Bumblebee Seafoods and Thai Union who reveal their own SKUs to compete in space. Notably, while not quite hit the market yet, the combined global investments in cell culture seafood businesses from 2020 and the first half of 2021 totaled $ 123.06 million. Reports from the Food Institute.

The bill seeks to standardize and promote marine aquaculture

A new bill, aptly named the Advancing the Quality and Understanding of American Aquaculture Act (AQUAA), was introduced in the Senate this week. The purpose of this bill is to create a set of laws that would authorize and regulate offshore aquaculture in federal waters. These operations typically involve large, fenced sections of ocean in which bivalve fish and molluscs are raised, fed and harvested. Proponents of offshore aquaculture say it is a cost effective way to dramatically increase seafood production, but opponents are not optimistic about the environmental effects of a large amount of animal waste in a small area of the ocean and how this pollution will affect the ecosystems around the enclosures. Modern Farmer has the scoop.

I’m not going after Elon Musk. Please help us, says UN food official

The director of the United Nations World Food Program recently said that if the world’s richest man, Elon Musk, donates $ 6 billion, or 2% of his net worth, it could essentially solve hunger in the world. the world. In an interview with CNN, David Beasley called on billionaires to “step up now, on an ad hoc basis” to help fight world hunger. Musk responded by tweeting, “If WFP can describe on this Twitter thread exactly how $ 6 billion will solve world hunger, I’m going to sell Tesla shares right away and do it. But it has to be open source accounting, so that the public can see exactly what the money is spent on. “

Earth has 11 years to cut emissions to avoid dire climate scenarios, report says

The current rate of greenhouse gas pollution is so high that the Earth has around 11 years to bring emissions under control if countries are to avoid the worst damage caused by climate change in the future, a new study finds. The results underscore that the urgent need to cut emissions are even greater than previously thought, if the world is to avoid an increase in average global temperatures of more than 2.7 degrees Fahrenheit above pre-industrial levels, which was the target set by the 2015 Paris climate agreement and pursued by the countries currently gathered for a major United Nations climate summit in Scotland. According to the NPR, India and China have seen their emissions increase dramatically in recent years to accommodate growing populations.

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