🥬 Unicorn to Unicorpse
Summary
Theres no doubt Trumps presidency will have huge repercussions for the future of food and climate, especially if we look at his previous track record.Trying to get your head around it all? Catch the 9 best news stories that explain what Trumps election win means for US FoodTech policy, from our friends at Green Queen.\U0001f356 Also up. A new study by the Food Foundation reveals that UK supermarkets over-index on multibuy deals for meat and processed food, with 18% of offers including meat and dairy and 11% processed meat, while only 5% feature fruit and vegetables.\U0001f4c9 Whats down? Agtech unicorn Bowery Farming, valued at over $2 billion in 2021 after raising more than $700 million, is shutting down, according to PitchBook. Plus why Bowery will not be the last indoor farming company to go bankrupt.\U0001f4b0 The Campbell Soup Company and Kind Snacks both received funding from the US Department of Agriculture to launch projects to promote regenerative agriculture, with Campbells focusing on sustainable practices among California tomato growers and Kind supporting almond farming through climate-smart initiatives.\U0001f9eb Israeli startup SuperMeat announced that it can produce 100% cultivated chicken at $11.79 per pound, matching the cost, taste, and texture of premium pasture-raised chicken, and can yield three pounds of meat in just two days, compared to 42 days for traditional poultry farming.\U0001f3e8 Luxury hotel group Four Seasons has partnered with Israeli startup Oshi to introduce plant-based whole-cut salmon made from fermented fungi, algae, and soy protein at its MKT Restaurant and Bar in San Francisco.