agriculture

agriculture

Plenty Farms via Samson Amore

In the middle of downtown Compton, California, fresh produce is scarce. According to the Compton Chamber of Commerce, the city is both a food desert and also a food swamp.

Drive through Alameda St. or Rosecrans Ave., and you’ll notice that grocery chains are sparse but fast food joints are numerous: Jack in the Box, McDonald’s, Popeye’s, IHOP. With the exception of a Walmart Supercenter off Long Beach Blvd., I couldn’t identify anywhere else to get fresh produce, unless it was a small, local corner store.

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Evan Xie

At least 50,000 acres in the state of California are estimated to be underwater after a record-breaking year of rainfall. So far this year, California has received nearly 29 inches of rain, with the bulk being dumped on its central and southern coasts. Farmers are already warning that the price of dairy, tomatoes and other vegetables will rise as the weather prevents them from re-seeding their fields.

While no current technology can prevent weather disasters, Leaf Agriculture, a Los Angeles-based startup that launched in 2018, wants to help farmers better manage their properties by leveraging data.

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Photo by Jan Kopřiva on Unsplash

On this week's episode of LA Venture, hear from Gil Demeter, the vice president at Pontifax AgTech. We had a great discussion about next generation robotics and bioscience. Pontifax AgTech has over $465 million in assets under management, and is one of the largest food and agtech funds in the world.

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