How can we have the capability to feed 9 billion people by 2050? In this video, L.E.K.’s Peter Walter, Managing Director, explains how controlled environment agriculture can positively impact productivity, keeping food affordable and widely available.
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Read a transcript of the video below:
Fundamentally across the world we have this challenge of how do we feed 9 billion people by 2050. The controlled environment ag is one part of many solutions that people are working on across the agriculture industry. L.E.K works with a range of companies, investors, etcetera, to address lots of different types of growth strategy questions and to help make sound investments across the industries that they operate in.
In North America we're certainly trying to solve a lot of things around ag, including better productivity keep food affordable and widely available, as well as to do things in a more sustainable and tech enabled way. Controlled environment agriculture is a term that really encompasses any sort of indoor controlled environment growing system.
What they're trying to do is really take away some of the risks that happen in soil grown production. Climate, weather, water and availability are our big issues. And so, by bringing all that indoors what controlled environment agriculture is doing is taking away some of those risks and allowing the operators to produce a lot more for every acre that they're growing on. Consumers want to eat healthy.
They want to do things that are good for the planet. And you have the brand companies who want to obviously appeal to those consumer interests, and so, they're trying to change the way that they do things. CEA has a lot of benefits. Fundamentally, it is a sustainable way to produce things that we love to eat every day. It creates more food security for the U.S. and North America broadly.
At L.E.K we think the controlled environment agriculture industry really is right for an explosion over the next 10 to 20 years. So, it's an exciting space. We see this as a very investor friendly environment. The fact that new money keeps coming into this industry by the same operators that have already been operating certain production centers is encouraging, because it shows that they believe in the prospects here, they believe in the economics being favorable, and they're forging ahead.