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Terrascope’s Chief Commercial Officer Felipe Daguila joined ESG News’ Melike Ayan to unpack how Terrascope leverages data to drive sustainability decisions and decarbonization in the food and agriculture industries. Here is the full industry takeaway, read on.

Food & Agriculture Takeaway: Tech-Driven Sustainability Reshapes Industry

Smart money is betting big on agricultural technology as the sector faces mounting pressure to slash emissions while feeding a growing global population. Venture capital investments in agtech hit $11.4 billion in 2023, with sustainability solutions leading the charge.

Key Market Moves:

• Major food producers increasingly adopt data-driven sustainability platforms
• Carbon credit markets expand into agriculture, creating new revenue streams
• ESG-focused funds boost agricultural technology holdings

What to Watch:

• Upcoming EPA regulations on agricultural emissions reporting
• EU’s carbon border tax impact on global food trade
• Growing institutional investor pressure for agricultural ESG metrics

Bottom Line: The intersection of technology and sustainability is creating winners and losers in the food and agriculture space. Companies investing in data-driven sustainability solutions are seeing 15-20% operational cost reductions while building resilience against upcoming regulations.

Industry Quote: “Having a deep understanding of the value chain, upstream and downstream, is what we really believe will drive decarbonization,” says Felipe Daguila, Chief Commercial Officer at Terrascope.

Smart Take: Early movers in agricultural sustainability tech are positioned to capture market share as regulatory pressures intensify through 2024-25.

Ag-Tech Players Race to Capture $8B Sustainability Software Market

Terrascope joins industry heavyweights like Bayer’s Climate FieldView and Nutrien in the sprint to digitize agricultural sustainability. The sector saw record deployments in Q1 2024, with companies racing to meet stricter ESG reporting requirements.

Key Developments:

• Terrascope reports 40% YoY growth in enterprise deployments
• Major food producers integrate sustainability platforms into supply chains
• Carbon credit markets drive demand for precision agriculture data

Market Moves:

• Climate FieldView expands sustainability metrics tracking
• Nutrien acquires two ag-tech startups for $500M
• Microsoft and AWS launch specialized cloud solutions for ag-data

Bottom Line: Companies offering comprehensive sustainability tracking are winning major contracts. Terrascope’s recent partnerships with three Fortune 500 food producers signal growing enterprise demand for end-to-end solutions.

Smart Take: Early movers in agricultural data platforms are seeing 30%+ margins as food companies scramble to meet 2025 emissions reporting deadlines.

Related Article: Saudi Arabia Secures $9.8 Billion in Private Investment for Sustainable Agriculture Projects