The coronavirus pandemic has upended so much. It has exposed the fragility of our food supply and made us revalue domestic agriculture and producers, including the front-line workers who harvest, make and deliver our food. But we're now reworking our supply chains for national food security and elevating agriculture back to a noble profession.
With a new focus on these issues, can we use this moment to rebuild and rebrand rural America?
In today's wired, knowledge-driven economy, talented people are making new choices about where to live and work. Many heartland communities possess attractive attributes, such as a "know-your-neighbors" sensibility, good schools and open spaces, undergirded by a comfortable cost and pace of living. As folks place health and safety at the fore, the opportunities to be part of the rural renaissance abound.
Rural America already plays a sophisticated global game — delivering the nation's prodigious agricultural output (valued at $3 trillion annually) with $140 billion headed to foreign markets. But the Midwest is more than the world's breadbasket — it is an innovation center as well.
Today, shifting consumer preferences and market dynamics are creating new opportunities for ag and food tech. New entrants are growing hyperlocal, farm-to-table experiences, and foodies of all socioeconomic statuses are gaining access to food that aligns to their tastes and values.
Ag and food tech entrepreneurs are developing and using innovations to produce nutritious food while protecting natural resources. For example, cloud-based irrigation software can boost crop yields and save water and energy by connecting to in-field sensors to deliver the correct amount of water to each plant.
Another startup is working to end the annual U.S. waste of 20 billion pounds of "ugly" produce with a business-to-business marketplace that allows growers to connect with food companies to offload surplus or imperfect food.
According to Finistere Ventures, $25 billion has been invested into the ag-food sector since 2012, as entrepreneurs bring additional health, environmental and consumer benefits to the marketplace.