Unlike many other countries, Japan has relied the most on services like tourism for its earnings with agriculture contributing only a little over 1% for the past decade.
Agritech companies received a total of $561 million investments in 2022 while foodtech saw $1.3 billion, marking a YoY growth of 4.66% and 30%, respectively.
If farmers abandon wheat farming at the rate that analysts are projecting, the US could see more decline in wheat production than it initially expected.
