Money for cultivated meat is down significantly over the past three years.
In 2020, funding for cultivated meat start-ups peaked at $989 million, dipped slightly in 2022 to $807 million, and then took a sharp decline last year to just $177 million.
This comes as Finless Foods make big cutbacks to conserve cash, New Age Eats shuts up shop due to lack of funds, and Good Meat is being sued.
Investors are blaming general risk aversion for the fall.
Related Stories
Jonathan Braley joins us to discuss rising cybersecurity threats in agriculture, the risks of ransomware attacks, and how Food and Ag-ISAC’s new guide can help businesses better protect themselves.
ASFMRA’s Skye Root joins us to discuss shifts in Western farmland markets, financial pressures facing producers, and the outside forces influencing land values and decision-making.
Culver’s is holding its annual “Scoops of Thanks Day” event, offering a scoop of frozen custard in exchange for a $1 donation supporting agricultural education.
Industry leaders say overseas markets remain critical as USDA pushes for broader export opportunities.
CME Group’s Fred Seamon joins us to break down the drop in farmer sentiment, discuss the role of input costs and global factors, and share his outlook for the ag economy ahead.
The new initiative is helping agricultural leaders strengthen their advocacy and leadership skills.
