Food investment driven by tech and innovation

6 August 2019
| By Jassmyn |
image
image
expand image

Global food demand will grow by over 10 per cent each decade over the next 30 years, according to First State Super.

Food supply investing will need to focus on production, utilisation, and wastage, according to First State Super.

The fund said global food demand would grow by over 10 per cent each decade over the next 30 years and that innovation was the most important developments driven by investment in technology.

The fund’s chief investment officer, Damian Graham, said innovations included clean meats through plant protein-cased meat substitutes, just-in-time food delivery, and super glass houses.

“Through our investments in food and agriculture, we are seeking to continue to optimise the efficiency of production around energy, water and other inputs to help meet increased global demand in a more sustainable way; while continuing to meet our obligation to provide our members with the best possible investment returns,” he said.

Graham said while to date much of the focus on food investments had been based on the growth of the Asian middle class, it needed to be complemented by the long-term supply-side considerations such as environmental impact and sustainability.

Currently, First State Super has $1 billion invested in the agriculture sector such as the sale and leaseback of land for almond production along the Murray River and the ownership of facilities to support poultry production on a rent by area basis.

 

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest developments in Super Review! Anytime, Anywhere!

Grant Banner

From my perspective, 40- 50% of people are likely going to be deeply unhappy about how long they actually live. ...

1 year ago
Kevin Gorman

Super director remuneration ...

1 year ago
Anthony Asher

No doubt true, but most of it is still because over 45’s have been upgrading their houses with 30 year mortgages. Money ...

1 year ago

The future of superannuation policy remains uncertain, with further reforms potentially on the horizon as the Albanese government seeks to curb the use of superannuation ...

15 hours 39 minutes ago

Super funds had a “tremendous month” in November, according to new data....

4 days 14 hours ago

Australia faces a decade of deficits, with the sum of deficits over the next four years expected to overshoot forecasts by $21.8 billion....

4 days 19 hours ago