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Climate-Smart Commodities Program to Benefit 180,000 Farms, Agritech Leads the Way



USA News Group Commentary Issued on behalf of Bee Vectoring Technologies International Inc.

VANCOUVER, BC, May 9, 2024 /PRNewswire/ — USA News Group – In order to help farmers advance conservation and climate-smart agriculture, the USDA recently made $1.5 billion available as part of US President Biden’s Investing in America Agenda. The newly-available capital is part of several climate-smart agriculture investments the USDA has made since the beginning of the current Administration’s reign, which have been made through the Inflation Reduction Act, and the Partnerships for Climate-Smart Commodities program, which have been estimated to support over 180,000 farms and over 225 million acres in the next 5 years. According to analysts at Straits Research the Smart Agriculture Market is projected to reach US$36.24 billion by 2030, growing at a CAGR of 10.8%, while Markets and Markets predicts the Precision Farming Market to grow to US$21.9 billion by 2031, growing at a CAGR of 10.7%. As farmers and the agriculture industry works to produce environmentally friendly food that meets these goals, several agritech companies are working behind the scenes to help, including Bee Vectoring Technologies International Inc. (CSE: BEE) (OTCQB: BEVVF), Nutrien Ltd. (NYSE: NTR) (TSX: NTR), The Mosaic Company (NYSE: MOS), CF Industries Holdings, Inc. (NYSE: CF), and Bunge Global SA (NYSE: BG).

With its innovative system that utilizes commercially reared bees to deliver biological pesticide alternatives directly to crops, Bee Vectoring Technologies International Inc. (BVT) (CSE: BEE) (OTCQB: BEVVF) is poised to disrupt the $250 billion crop protection and fertilizer market. Biological agricultural products, often referred to as biologicals, are expected to eventually supplant chemical pesticides and fertilizers. According to analysts at DataHorizzon Research, the biologicals sector is forecasted to grow at a CAGR of 13.3%, reaching a market size of US$45.3 billion by 2032.

BVT recently updated its corporate partnership strategy, securing new international trials and expanding the use of its flagship asset, CR-7. The company also announced the results from a Michigan State University trial, demonstrating that CR-7 effectively reduces early disease infection and fungal disease by over 90% compared to untreated plots, matching the efficacy of conventional chemical treatments.

“We can confidently conclude from the Michigan State University trial that BVT’s CR-7 controls fungal disease extremely well as a spray application,” said Dr. Mason Newark, Field Technical Manager at BVT. “This trial demonstrates that CR-7 could be integrated into a pre-bloom or post-bloom spray program to extend disease control throughout the season.”

Over the past year, BVT has already achieved significant milestones with trial announcements in Spain with Agrobío, Mexico with a major multinational grower, and South Africa with MBFi, highlighting the expanded use of the proprietary plant-beneficial microbe, Clonostachys rosea CR-7, as a foliar application. This expansion included the product’s first sale to BioSafe Systems. Building on the successful Michigan State University trial results, plans are in place to repeat these trials in the coming years. To further bolster its technical and strategic capabilities, the company has welcomed seed and crop protection veteran Gustavo C. Gonzalez to its Board of Directors.

“Gustavo’s appointment is a reflection of our commitment to lead the industry into a future where innovation and sustainability are at the core of growth,” said Ashish Malik, CEO of Bee Vectoring Technologies. “His extensive experience in agribusiness and profound understanding of the international market dynamics will be pivotal as we scale our unique technology. We are thrilled to harness his expertise as we continue to revolutionize the way crops are cultivated and protected.”

Working to make food production more sustainable, leading crop inputs and services provider Nutrien Ltd. (NYSE:NTR) (TSX: NTR) recently released its Global Sustainability Report, detailing the company’s performance and progress no its sustainability initiatives up until year-end 2023. Among the key highlights, Nutrien noted measured, documented and calculated sustainable outcomes on approximately two million sustainably engaged acres in North America, South America and Australia.

Nutrien has a critical role to play in helping provide the food, fuel and fiber the world needs,” said Tim Faveri, Vice President, Sustainability and Stakeholder Relations for Nutrien. “In 2023, we continued to build strategic partnerships to help amplify our impact while refining our sustainability strategy to align with core business objectives that support both the environment and our people, customers, supply chain partners, communities and shareholders.”

Further demonstrating its commitment to shape future agriculture leaders, Nutrien subsidiary Nutrien Ag Solutions announced a multi-year commitment of nearly $850,000 to the National FFA Organization. As per the commitment, Nutrien will donate $282,500 per year to support a variety of National FFA Organization programs and events from 2024 through 2026.

According to Bruce Bodine, newly-appointed CEO of The Mosaic Company (NYSE: MOS), fertilizer demand is set to rise. Mosaic is coming off of recently hosting members of the agriculture community in Florida to tour their phosphate operations, and learn more about the company’s Advanced Crop Nutrition (ACN) program. The ACN program is supported by Mosaic Biosciences’ BioPath and PowerCoat products, which are both biological fertilizer components formulated with proven strains of Plant Growth Promoting Rhizobacteria (PGPR), that increase nutrient availability, uptake, and utilization.

“At Mosaic, we view soil health as a system approach, therefore any change to one part of the system affects other parts,” said Keith Byerly, Commercial Sustainability Lead, for The Mosaic Company in an interview with CropLife. “For example, if you cut out seed treatments, the microbial, or the soil fertility program, you’re unlikely to achieve optimum soil health. In addition, you’ve disrupted the balance and equilibrium of the system.”

The world’s largest ammonia producer CF Industries Holdings, Inc. (NYSE: CF) recently announced the execution of a joint development agreement (JDA) with Japan’s largest energy company JERA Co. Inc. (JERA), to explore the development of greenfield low-carbon ammonia production capacity at CF Industries’ Blue Point Complex in Louisiana. As per the JDA, CF Industries and JERA will evaluate a joint venture agreement to build an approximately 1.4 million metric ton capacity low-carbon ammonia plant, with JERA contemplating a 48% ownership stake in the project, as well as a potential offtake agreement to procure more than 500,000 metric tons of low-carbon ammonia annually to meet demand for low-carbon fuels in Japan.

“We are pleased to expand our relationship with JERA as our companies advance leading-edge decarbonization initiatives that will help JERA and Japan achieve their decarbonization goals,” said Tony Will, President and CEO of CF Industries Holdings, Inc. “We believe that JERA’s projects, which represent the first meaningful volume of what we believe will be substantial global demand for low-carbon ammonia as an energy source, will demonstrate the significant contribution ammonia can make to meet the decarbonization goals of hard-to-abate industries.”

Upon the potential closing of somewhat controversial merger between Bunge Global SA (NYSE: BG) and Viterra, the duo have already named the executive leadership team for the combined company that would be solidified as the world’s largest oilseed processor, which would be led by Bunge’s current CEO, Greg Heckman.

“The future combined company will expand its reach into more crops and countries, offering farmers greater market access and differentiated, value-added solutions in all key origins,” said Heckman. “Food, feed & fuel customers will benefit from a broader product portfolio and expanded global supply options.”

Bunge is also coming off of an approved final investment decision with Chevron to build a new oilseed processing plant adjacent to its existing processing facility located on the Gulf Coast in Lousiana. Operated under the jointly owned Bunge Chevron Ag Renewables LLC, the plant features a flexible design, intended to process soybeans as well as softseeds, including novel winter oilseed crops, such as winter canola and CoverCress, among others.

Article Source: 

USA News Group
Editorial Staff
[email protected]
(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.

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UK challenger GB Bank lands £85m investment





GB Bank, a specialist property finance bank based in Middlesbrough, UK, has secured an £85 million investment from new backer Hera Holdings and existing shareholder the Teesside Pension Fund.

Over the next 12 months, Hera Holdings is investing an initial £40 million into the bank, with an additional £40 million earmarked for investment throughout 2025 and 2026.

Meanwhile, the Teesside Pension Fund, which serves as the Local Government Pension Scheme for local authority employees in the Teesside region, is contributing an additional £5 million to the funding round.

Founded in 2017, GB Bank provides financing solutions for commercial and residential property developments in underserved areas of the UK.

The bank, which secured its full banking licence in the summer of 2022, claims to have approved “more than £80 million in loans to support over 100 property projects in locations from Northumberland to the south coast”, while also attracting “over £300 million in deposits from savers” for its fixed-term and instant access accounts.

GB Bank anticipates that the cash injection will drive “extensive growth” for the company, with plans to expand its customer base to include portfolio landlords, expatriates, and foreign nationals.

Specifically, the challenger bank states that the investment will enhance its lending capabilities, allowing it to offer funding of up to £10 million and up to 80% Loan To Value.

Moreover, GB Bank expects that the expansion will boost its capacity for commercial owner-occupier and investment mortgages as well as for its commercial and residential bridging solutions.

The bank projects that the new investment will allow it to increase its lending to £500 million over the next 12 months. As part of this growth, it intends to expand its team and infrastructure, with plans to double its current workforce this year.

Earlier this year, the company appointed industry veteran Mark Sismey-Durrant as its new chair.


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Teal secures $8M seed funding for groundbreaking accounting solution




Teal has announced a significant milestone in its journey to transform SMB accounting with the closure of an $8 million seed funding round.

According to TechFundingNews, the company, which focuses on providing accounting infrastructure for Vertical SaaS businesses, aims to address the critical need for integrated financial solutions within various platforms.

Founded by industry veterans Ian Crosby and Adam Saint, Teal stands out in the FinTech landscape for its unique approach to accounting services. Leveraging their expertise from founding Bench Accounting and working at Shopify, Crosby and Saint have developed a platform that empowers Vertical SaaS businesses to offer customised accounting suites to their SMB customers.

One of the key challenges faced by SMBs is the lack of seamless accounting solutions integrated into their core business platforms. Teal aims to bridge this gap by equipping companies with the necessary APIs and tools to build their own accounting offerings. This enables SMBs to access crucial insights such as real-time cash flow, per-product profitability, and streamlined tax filing processes.

Teal’s comprehensive suite of out-of-the-box tools enables Vertical SaaS companies to launch their accounting platforms swiftly, often in as little as four weeks. These tools include fully functioning app code repositories and seamless data integrations with external sources like Plaid, enhancing the overall user experience for SMBs.

According to Ian Crosby, Co-Founder and CEO of Teal, the company’s vision is to become the “Stripe for accounting,” providing the foundational infrastructure for Vertical SaaS companies to embed accounting features seamlessly. By integrating accounting software directly into their platforms, businesses can enhance customer engagement and drive adoption of financial services features.

The significance of Teal’s innovative approach has not gone unnoticed in the investment landscape. Torch Capital, a leading investor in tools and platforms for SMBs, led the recent $8 million seed funding round. Partner Katie Reiner expressed enthusiasm for Teal’s mission to revolutionize the SMB accounting space, citing the dire need for intuitive and streamlined accounting tools.

In an era where embedded finance is gaining traction, Teal’s commitment to offering tailored accounting solutions signifies a promising step towards empowering SMBs with the financial tools they need to thrive in today’s competitive landscape.


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Digital China’s Guo Wei Shares ‘China’s Sample’ of Global Digital Innovation with London Business School



LONDON, May 22, 2024 /PRNewswire/ — On May 21st, at the invitation of London Business School (LBS), Guo Wei, Chairman of Digital China, participated in the esteemed “Managing the Digital Organization” lecture, engaging with a cohort of prospective business leaders. Focusing on the trending topics of ‘Artificial Intelligence’ and ‘Digital Transformation’, he imparted the digital philosophy and practices of Chinese enterprises amidst the digital civilization era.

Digital China, a prominent player in China’s digital economy, has harnessed over two decades of deep involvement in the nation’s information industry to embrace the power of digitization. This has culminated in what Guo Wei refers to as ‘China’s Vibrant Blueprint for Digital Transformation’, carving a distinctive path of digital metamorphosis. Notably, Digital China’s transformation narrative has been incorporated into LBS’s esteemed case library, underscoring its significance as a teaching instrument.

In his lecture, Guo Wei emphasized that the digital economy now constitutes the backbone of supply, with digital technology emerging as the paramount catalyst for economic expansion. The hastening pace of global digitization propels us into an epoch of digital civilization. For multinational corporations, digital strategies have escalated to the status of corporate strategy, and the amassing of data assets constitutes the pivotal lever for business innovation. Amidst this evolution, AI-fueled digital-cloud integration signifies a disruptive technological innovation, poised to invigorate the global landscape. Digital China feels honored to reprise its role in elite international business school case repositories, thereby contributing insights to academia. This recognition signifies that Chinese enterprises’ digital and AI acumen resonates globally, exemplifying world-class practices.

Professor Julian Birkinshaw, Vice Dean and Professor of Strategy and Entrepreneurship at LBS, remarked, “As a global institution, we constantly seek out exemplary cases worldwide. Digital China was chosen not solely due to its prominence in China but also its sophisticated implementation of digital technologies, demonstrating adaptability and offering invaluable insights to our students about the contemporary business milieu. The story of Digital China encapsulates Mr. Guo Wei’s philosophy – digitization transcends being a mere process; it embodies the existential rationale for companies. This philosophy underpins our decision to feature Digital China in our case studies.”

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