Agriculture & Food
The Food and Agriculture Sector is the most crucial in our planet’s eco-system. Like all other industries, this sector too has seen considerable developments over the past decade with global investments growing three-fold. Companies in this industry have provided a higher return to their shareholders than many other sectors. Identifying the right investment opportunities requires deep insight and local expertise in global markets.
Agriculture and Food industry trend in Canada
The agriculture sector in Canada has evolved into a sophisticated, innovative and technology-based industry which is growing every day and is required to adapt to the ever-changing demands of both local and international customers. Canada’s biggest strength is its abundance of natural resources. Manufacturers in the food and agriculture industry in Canada are able to take advantage of low-costs, advanced technology and access to global markets. Several AI based technological advancements have contributed in better farming techniques and companies expanding into Canada and U.S. are able to leverage on the modern infrastructure for enhanced growth and productivity.
United States’ position in the Agriculture & Food sector
The agriculture & food sector in the United States is a top competitor in the international marketplace, mainly because of its strong team of workers, infrastructure and market size. This sector includes sub-sectors like crop production, agricultural chemical compounds, forestry aquaculture, logging and livestock. In 2018, the agriculture & food industry contributed over 159 billion dollars in export sales to the United States economic system and the foreign direct investment totaled more than fourteen billion dollars. More than two million farms across U.S. cover over nine hundred million acres. Sectors related to agriculture include diverse businesses like retail outlets dealing in food and beverage, manufacturing of food and beverage, restaurants, textiles, forestry and fishing. In 2020, the average household expenditure on food was ranked third after housing and transportation.
The Prescot & Lynn advantage
Investments in the agriculture and food sector sector requires thorough insight of the geographical topographies, crops, production methods, labor force and retailing opportunities. The related food business like restaurants or food and beverage manufacturing require a deeper understanding of consumer behavior and market trends. Our specialists at Prescot & Lynn offer comprehensive research, due diligence advice, tailored solutions and hands-on support to foreign investors in evaluating opportunities in North America’s agriculture and food sector. Our one-stop-shop ensures holistic assistance to companies through our network of local experts with the know-how needed to set-up and grow in North America.