Bioeconomy offers opportunities for Canadian agribusiness
Regina, Saskatchewan, February 21, 2012 – A growing bioeconomy means opportunity for Canadian agribusiness. In the latest issue of the Farm Credit Canada (FCC) Knowledge Insider, industry experts and agribusiness owners provide insight about the keys to success in the bioeconomy.
"The bioeconomy can help address global issues, including food shortages, soil nutrient depletion and the need for affordable products and energy," says Kellie Garrett, Senior Vice-President of Strategy, Knowledge and Reputation at FCC. "Agribusinesses can profit by developing sustainable solutions to these issues."
The bioeconomy refers to economic activities related to the development and commercialization of products and processes using renewable biological sources from agriculture, forestry and marine. Garrett adds that many agribusinesses are already involved in the bioeconomy – producing bioproducts, applying biological fertilizers or using enzymes to manufacture food.
Here are some highlights from this edition:
• The economy has traditionally derived value from a hybrid of chemistry-based and bio-based products and processes. Some industry experts suggest this will continue.
• There is no single strategy for success in the changing bioeconomy. Monitoring supply and demand, considering infrastructure needs and keeping up with scientific advances can help businesses retain a competitive edge. Forging strong relationships in Canada's growing bioeconomy clusters can help businesspeople monitor trends and uncover new opportunities.
• The "Tips, tools and strategies" section offers insight from Canadian experts about future bioeconomy opportunities.
"This edition of FCC Knowledge Insider offers forward-looking opinions and also profiles recent successes and lessons learned from the bioeconomy," says Garrett.
Quebec-based Valbio Canada Inc. is one of the agribusinesses profiled in Knowledge Insider. Valbio helps farms, municipalities and the agri-food sector produce bioenergy through anaerobic digestion, which converts organic residues from industrial effluents, food processing, municipal solid waste and agricultural biomass into methane-rich biogas.
This edition also features Saskatchewan's BioExx Specialty Proteins Ltd., which uses technologies to extract high-value proteins from canola for global food, beverage and nutrition markets.
Knowledge Insider is published twice each year and shares insights about how farmers and agribusinesses can prepare for success in a changing world. A complete copy of the current issue and previous ones can be found on the FCC website at www.fcc.ca/insider.
As Canada’s leading agriculture lender, FCC is advancing the business of agriculture. With a healthy portfolio of more than $22 billion and 19 consecutive years of portfolio growth, FCC is strong and stable – committed to serving the industry through all cycles. FCC provides financing, insurance, software, learning programs and other business services to producers, agribusinesses and agri-food operations. FCC employees are passionate about agriculture and committed to the success of customers and the industry. For more information, visit www.fcc.ca.
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For more information or to schedule an interview, contact:
Éva Larouche (bilingual)
Farm Credit Canada