USA News Group
Commentary
Issued on behalf of Bee Vectoring
Technologies International Inc.
VANCOUVER, BC, June 26, 2024 /PRNewswire/ -- USA News Group – Citizens of Portland were covered in smoke this week,
after a 4-alarm grease fire destroyed the Shin Shin food
factory. This incident followed another fire earlier in June
that broke out at the Champlain Beef meat processing plant
which is situated between the border of Upstate New York and
Vermont, while another chicken
factory in Illinois erupted in
flames at the beginning of the month. While these two
tragedies likely won't make a dent in the overall food security of
the United States, they do present
a rising trend of concern towards where our food comes from. At
every level, new research is finding ways to keep the food supply
chain going, with new research from Carnegie Science
showing that adopting new approaches to fertilizers can pave the
way for more sustainable, resilient food sources. In the private
sector, some of the top agritech companies continue to make major
strides in their work to secure the food of the future, including
new developments from Bee Vectoring Technologies International
Inc. (CSE: BEE) (OTCQB: BEVVF), AGCO Corporation
(NYSE: AGCO), Lamb Weston Holdings, Inc. (NYSE: LW),
Bunge Global SA (NYSE: BG), and Conagra Brands, Inc.
(NYSE: CAG).
One innovation that's gaining a lot of momentum is the concept
of using commercially-reared bees to deliver biological pesticide
alternatives directly to crops. It's a method that some experts say
has the potential to transform the $250
billion crop protection and fertilizer industry.
At the forefront of this innovation is Bee Vectoring
Technologies International Inc. (BVT) (CSE: BEE) (OTCQB:
BEVVF), which focuses on biological agricultural products
("biologicals") that aim to replace chemical pesticides and
fertilizers. Its method of utilizing bees to deliver necessary
biologicals has already received approval from the EPA on
two occasions, in 2019 and 2021.
According to DataHorizzon Research, the biologicals
sector is already experiencing significant growth, with a projected
compound annual growth rate (CAGR) of 13.3%, expected to reach a
market size of US$45.3 billion by
2032.
The latest win for BVT is its announcement today of a
partnership with the newly formed €8 billion (~US$8.56 billion) company Syensqo, a
science and innovation pioneer in specialty chemicals and
materials. As per the deal, BVT and Synensqo through
an R&D agreement will develop BVT's proprietary
biological control agent Clonostachys rosea strain CR-7
(CR-7) into a seed treatment formulation for the multi-billion
soybean market.
"Collaborating with Syensqo is a huge extension of our
R&D efforts," said Ashish Malik,
CEO of BVT. "Their large team of formulation chemists and
microbiologists will enable us to get to market with a strong seed
treatment formulation much faster. Fast-tracking BVT into
soybean crops through the well-established seed coating market will
expand the Company's addressable market beyond bee vectoring,
bringing CR-7 to more growers by tapping into approaches they are
already familiar with. BVT's go-to market strategy is to
commercialize this new CR-7 seed treatment product for sale through
large agriculture suppliers, partners and distributors."
The partnership comes after BVT recently achieved
significant progress with CR-7, particularly as a seed
treatment for soybeans. Recent US trials showed wherever CR-7
was applied, the results outperformed the base seed treatment 81%
of the time. This is in addition to previous successful trials in
2021, which also showed CR-7 to be an effective treatment against
Sudden Death Syndrome (SDS), a huge challenge for soybean
growers.
BVT has expanded its corporate partnerships, leading to
international trials and wider use of CR-7. A Michigan State University trial demonstrated
CR-7's effectiveness, reducing early disease infection and fungal
diseases by over 90%, matching traditional chemical treatments.
In the past year, BVT has initiated trials in
Spain, Mexico, and South
Africa, and made its first sale of CR-7 to BioSafe
Systems. Encouraged by positive trial results, BVT plans
to conduct further trials to confirm CR-7's effectiveness.
Today is also the launch of the annual Tech Days in North America event from AGCO
Corporation (NYSE: AGCO). The event will highlight
AGCO's commitment to farmer-focused solutions for the mixed
fleet.
"Managing a farm is complicated, managing the right machine and
technology for the job shouldn't be," said Eric Hansotia, Chairman, President and CEO of
AGCO. "AGCO is unique in offering differentiated
equipment brands to serve all farmers' needs and the only company
that can effectively retrofit almost any make or model of equipment
with technology that will lead to higher yields with fewer inputs.
This is how we have consistently put Farmers First for years."
Embedded within AGCO's entire portfolio are precision
agriculture and clean technology solutions designed to help farmers
sustainably feed the world now and in the future. AGCO
Finance, the company's financing arm, also focuses on future growth
by collaborating with dealers globally to offer farmers customized
and flexible financing solutions.
Potato processor Lamb Weston Holdings, Inc. (NYSE: LW)
recently reached a settlement with Oregon regulators over wastewater violations.
However, the potato giant is now also facing a securities
lawsuit that claims Lamb Weston hid tech problems that cost
millions. However, those challenges aside, Lamb Weston is persevering with new
partnerships and innovation, including a newly announced
partnership with foodservice company ILG Food Group to
better serve the Swedish Mediterranean foodservice market. Lamb
Weston and ILG Food
Group have been partners for the Dutch and Belgian markets for
years, and are now expanding their partnership to Sweden.
For the pet food market, Bunge Global SA (NYSE: BG)
recently expanded into pea, faba protein concentrates through
a new factory in Latvia,
exclusively producing for Bunge and run by Golden Fields. Bunge's new range of
pea and faba protein concentrates offers several enhanced
attributes, including 55% to 70% protein content, non-GMO and
allergen-free labeling, a light color, and a finely powdered form.
News of the agreement for Bunge came shortly after
Golden Fields opened the
plant-based facility, which cost €16 million (~US$17.1 million) to build.
Bunge highlights the sustainability benefits of its
new protein concentrates, produced using crop-rotation practices
and dry-fractionation methods that eliminate the need for water or
solvents typically used in pulse protein production.
"Our new pea and faba protein concentrates are setting the bar
for European-origin pulse proteins to help customers meet growth
and sustainability needs across food and feed," said the company on
social media.
Packaged foods giant Conagra Brands, Inc. (NYSE: CAG)
recently announced it's advancing its artificial intelligence (AI)
solutions through a human-centered approach that prioritizes
responsible use of AI across the entire company. Done through a
strategic collaboration with Microsoft and EY to
enhance its IT, Supply Chain, R&D, Demand Science, Brand and
Design operations.
"As we implement new solutions available to us through
collaborations and emerging technologies, we are not only realizing
measurable results now, but identifying opportunities for future
growth," said Azeem Kapadia, senior
director of AI strategy at Conagra Brands. "These new
digital capabilities will benefit our entire team, sharpen our
focus and better shape how we operate and innovate throughout
Conagra."
Article Source:
https://usanewsgroup.com/2024/05/06/the-buzz-on-eco-farming-how-bees-are-pioneering-the-future-of-crop-protection/
USA News Group
Editorial Staff
CONTACT:
USA NEWS
GROUP
info@usanewsgroup.com
(604) 265-2873
DISCLAIMER: Nothing in this publication should be considered as
personalized financial advice. We are not licensed under securities
laws to address your particular financial situation. No
communication by our employees to you should be deemed as
personalized financial advice. Please consult a licensed financial
advisor before making any investment decision. This is a paid
advertisement and is neither an offer nor recommendation to buy or
sell any security. We hold no investment licenses and are thus
neither licensed nor qualified to provide investment advice. The
content in this report or email is not provided to any individual
with a view toward their individual circumstances. USA News Group is a wholly-owned subsidiary of
Market IQ Media Group, Inc. ("MIQ"). MIQ has been paid a fee for
Bee Vectoring Technologies International Inc. advertising and
digital media from the company directly. There may be 3rd parties
who may have shares of Bee Vectoring Technologies International
Inc., and may liquidate their shares which could have a negative
effect on the price of the stock. This compensation constitutes a
conflict of interest as to our ability to remain objective in our
communication regarding the profiled company. Because of this
conflict, individuals are strongly encouraged to not use this
publication as the basis for any investment decision. The
owner/operator of MIQ own shares of Bee Vectoring Technologies
International Inc. which were purchased in the open market, and
reserve the right to buy and sell, and will buy and sell shares Bee
Vectoring Technologies International Inc. at any time without any
further notice. We also expect further compensation as an ongoing
digital media effort to increase visibility for the company, no
further notice will be given, but let this disclaimer serve as
notice that all material disseminated by MIQ has been approved by
the above mentioned company; this is a paid advertisement, we
currently own shares of Bee Vectoring Technologies International
Inc. and will buy and sell shares of the company in the open
market, or through private placements, and/or other investment
vehicles.
While all information is believed to be reliable, it is not
guaranteed by us to be accurate. Individuals should assume that all
information contained in our newsletter is not trustworthy unless
verified by their own independent research. Also, because events
and circumstances frequently do not occur as expected, there will
likely be differences between the any predictions and actual
results. Always consult a licensed investment professional before
making any investment decision. Be extremely careful, investing in
securities carries a high degree of risk; you may likely lose some
or all of the investment.
View original
content:https://www.prnewswire.co.uk/news-releases/rising-concerns-in-food-security-how-agritech-and-food-companies-are-responding-302183344.html