If you think about fertile land for agricultural development,
Israel probably doesn’t immediately come to mind. But perhaps
it should. Despite a desert climate and the relative youth of the
country, Israel’s technological development has created a
boom in agricultural innovation, with technology that
helps farmers and companies develop healthier, higher-quality
foods. With the challenges facing the world’s farming and
crops markets, this tiny country provides a wealth of opportunity
moving into the future of agriculture.
Addressing Agricultural Challenges
Agriculture today needs technology to succeed. Climate change is
creating growing uncertainty in how and where plants will continue
to grow well, and natural resources are diminishing over time. On
the other hand, the world population continues to grow. This means
that, absent technological solutions, the farms of the world will
struggle to keep up with demand in the decades to come.
To address these concerns, technological developers must lead the
way. Irrigation techniques continue to advance, reducing further
the dependence on natural water supplies near farms. Bioengineering
strategies are also emerging. Farmers today can scientifically
approach crops to make them healthier and increase their overall
quality in safe, effective ways.
Why Israel Makes Sense
In its sixty-eight years of existence, Israel has had to create and
use technologies to grow crops. An arid desert climate requires
engineering to help agriculture meet the needs of its population,
so as early as the mid-1960s, companies like Netafim were
revolutionizing irrigation technology in Israel. The country leads
much of the world in agricultural technologies, and continues to
push ahead to meet more of the surging world demand for science and
farming to intersect.
From its work to feed its own citizens, the agricultural technology
market in Israel has expanded. Its companies, like Afamilk,
Evogene, and Biobee, have grown in both size and number, and are
now capable of managing and running farms all over the world.
Hundreds of Israeli agtech startups emerge each year. In 2015, a
Harvester Venture fund of $40 to $50 million was established, and a
pledge by Bayer of another $10 million was made in 2016.
Israel’s agricultural technology prowess represents a
growth area well into the future. Investors and nations looking to
capitalize on Israel’s capabilities need to work within its
legal and regulatory system to fully realize the potential
Originally published July 31, 2016
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As a developing country, Nigeria's real estate sector is evolving at a tremendous pace. Governments at all levels are more aware of the role of real estate development on the growth of their respective territories.
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