How technology is revolutionizing food production around the world
Ric Edelman: It's Tuesday, October 31st. Happy Halloween! The global population is expected to grow by 10 billion people by 2050. Is that scary? Well, appropriate for the day? The big question how are we going to feed all these people? The answer comes from technology. Agricultural biologicals. These avoid the problems of man-made chemical pesticides. AI is identifying new microbials that can be used as biopesticides, bio fertilizers and bio stimulants. The tech can help farmers analyze soil nutrient levels to predict crop disease and pest outbreaks.
Another big issue is water. We've seen regions dealing with drought, but drought doesn't just reduce the amount of water we have, it compromises water's quality, too. When rivers and lakes shrink, they become stagnant and susceptible to contamination. Algae blooms become more common and they're a problem.
So AgTech to the rescue: Water desalination, which removes salt and other impurities from seawater so you can use it for irrigation. Harvesting rainwater, even harvesting water from the air. Atmospheric water generators. They condense humidity even in deserts to produce clean water. Portable testing kits let farmers check the quality of their water. Drought resistant crops they're being developed that can survive with less water, and solar pumps that deliver water to crops; energy efficient and eco-friendly.
Another issue is having enough workers on the farm. So you've got companies like the Oz Farming Assistant. It hoes, weeds, makes furrows, seeds, transports crops. It's a robot. And one thing we love farmers to grow, strawberries. Guess what? Strawberries just might be helpful in avoiding Alzheimer's disease. Turns out they've got a compound called fisetin. Research is starting to confirm that people who eat a lot of strawberries have a lower incidence of Alzheimer's disease. It's all AgTech. It's a big part of our future.
This is what AgTech is all about and why I like the Global X AgTech and Food Innovation ETF. The symbol is KROP (like crop). I told you about it last month. It invests in companies that are developing or deploying technologies like precision agriculture, agricultural robotics, agricultural biotech, vertical farming. It's the Global X AgTech and Food Innovation ETF, symbol KROP. Check it out at Global X ETFs.com. And if you're an investor, ask your financial advisor about it.
Israel finds itself forced to fight a war for its very existence. And even though Israel is 6k miles from American shores, the war is directly disrupting many American lives. One of them is JB, one of the dedicated advisors at Edelman Financial. In a special episode of my podcast, on Nov 6, I’ll share with you the astonishing and admirable actions JB has taken to stand with Israel. I'll tell you of his deeply personal story, which brings this broad global conflict into a perspective of humanity and family. Join me Nov 6, as we stand for Israel through the eyes and ears – and heart – of JB.