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In the last few years, world demand for crops and meat has been rising sharply.
America aspires to meet 30% of such needs from biofuels by 2030.Because the energy market is worth vastly more than the market for food, even relatively small targets translate into huge demand for crops.
"GrainCorp is a well-managed company, and together with A.D.M. would be better positioned to connect Australia's farmers with growing global demand for crops and food, particularly in Asia and the Middle East," Patricia A. Woertz, the Archer Daniels chairwoman and chief executive, said in a statement at the time.
"The addition of GrainCorp to our global network would fit our strategy and help to further connect Australia's growers with growing global demand for crops and food, particularly in Asia and the Middle East," A.D.M.'s chief executive, Patricia Woertz, said in a statement.
Crop producers may expand their croplands to produce more crops in response to a higher demand for crops, for example, due to an increase in biofuel production.
As the world's population continues to grow, so does the demand for crops with particular characteristics such as drought resistance, high yield and resistance to pests and pathogens.
Similar(51)
Many analysts had expected moderate improvement because of higher global demand for crop-based fuel and grains.
Demand for crop insurance is also rising.Mr Agrawal and others remain sanguine about today's dry patch, calling it typical of the sort of droughts that often show up in historic data stored by insurance firms.
Wetland fields were defragmented due to increasing demand for crop production in the wetland.
The company is also benefitting from booming demand for crop protection for corn, used in the production of biofuels.
Additionally, higher exports of animal products cause an increase in fuel demand for crop cultivation because more animal feed has to be produced domestically.
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CEO of Professional Science Editing for Scientists @ prosciediting.com