The modern fashion industry creates a ton of waste. From the field to the cutting line, to the supply chain and consumers' closets, today’s ultra-cheap “fast fashion” obsession means everyday a lot of fiber gets carted off to landfills around the world. Some amount of that fiber however– especially cotton– is not only biodegradable, it can actually be a valuable addition to soils, especially in dry climates where fibers help hold water. This fact has spurred researchers and farmers in Australia,...
Apr 17, 2024•27 min•Ep. 159
As the world continues to get more crowded and less climatically predictable, the risk of biosecurity issues– from pest and disease invasions to food security and environmental health concerns– is only growing. Science and technology have major roles to play in helping us prepare for possible risks, and deal with them when they arise. Today, we’re tackling these issues in one geography, Australia, in order to better understand the economic, environmental, and technological threats and opportunit...
Apr 03, 2024•34 min•Ep. 158
This week, we’re breaking down the freshest announcements from the agribusiness, agtech, and global ag policy worlds to share insights and ask “so what?” Sarah is joined this week by Tenacious Ventures Managing Partner J. Matthew Pryor and Shane Thomas , author of Upstream Ag Insights. For more information and resources, visit our website . The information in this post is not investment advice or a recommendation to invest. It is general information only and does not take into account your inves...
Mar 20, 2024•30 min•Ep. 157
The global ag sector has recently passed a turning point, with prices and future outlooks for key commodities taking a decidedly pessimistic turn. Though market volatility is nothing new for producers, it does change the profitability equation. One of the first targets for pencil-sharpening and scrutiny tends to be farm inputs– from crop protection chemistry and fertilizers, to equipment purchases and agtech investments. To get us up to speed on the state of global farm input markets, and how gr...
Mar 06, 2024•38 min•Ep. 156
Weeds are a very expensive problem. According to one 2016 study, if weeds were left to grow unchecked in agricultural fields across just the US and Canada, the cost in lost productivity would total over $43 billion. And challenges are mounting. Though the last century has been ruled by crop protection chemistries that have kept weeds at bay– crafty wild plants have quickly adapted and the existing tools are under pressure from regulators and consumers. As farmers try to turn elsewhere, agtech is...
Feb 21, 2024•37 min•Ep. 155
There are few areas of the ag sector that are more in need of tech solutions than tree fruits. All around the world, factors like labor shortages, an aging farm workforce, mounting regulations, and rising costs have put fresh produce growers in a bind. AgTech innovators have been hard at work on tools - especially harvesting tools - for years. But progress has been much slower than many hoped. One of the key problems from a grower perspective is the price tag– even when a robot comes along that ...
Feb 07, 2024•30 min•Ep. 153
This week, in a new experimental format, we’re breaking down the freshest announcements from leaders in the agribusiness, agtech, and ag production worlds to share insights and ask “so what?” Sarah is joined this week by Tenacious Ventures Managing Partner J. Matthew Pryor and Shane Thomas , author of Upstream Ag Insights . What John Deere’s announced partnership with Starlink means for farmers, ag retailers, and the future of connected agtech What Jigsaw Farm’s evolving status as a vanguard of ...
Jan 24, 2024•38 min•Ep. 154
Somehow it’s December again, and another year has come and nearly gone. We've spent a lot of time reflecting on the highs and lows of a particularly unpredictable year for Tenacious Ventures, our portfolio companies, and agtech more broadly. In that spirit, we’re taking time to talk about what we've learned from a year of fundraising, advising, learning and podcasting. We’re joined today by our editor and producer, Sarah Mock, who facilitates a discussion between Tenacious General Partners Sarah...
Dec 06, 2023•28 min•Ep. 152
Hearing the stats about startup failure rates (70 - 90%), and how one - only one- investment drives returns for most VC funds, is one thing. Actually experiencing it, is another. In line with our learning out loud ethos, today we're talking about Nowadays , a Tenacious portfolio company that recently wound down operations. Nowadays was a manufacturing platform for whole cuts of clean label plant based meat, whose flagship product is a plant-based chicken nugget made with just a handful of simple...
Nov 22, 2023•34 min•Ep. 151
There's a persistent myth in the startup space, and in agtech especially, that the most important way that corporates can support startups is through direct investments. In our experience , this is an insanely incomplete picture. Agribusiness and agricultural production are complex and enigmatic worlds, and newcomers to the space need guidance and support from advisors, customers, and support infrastructure, just as much as they need capital, if not more. Today we’re joined by Kevin McDonald , V...
Nov 08, 2023•33 min•Ep. 150
2023 has been a year of both investing and fundraising for us here at Tenacious Ventures. And sitting on both sides of the table has highlighted to us just how much of the investing world is stuck in a black box. In general, we’ve found that this opacity can be a huge barrier, especially in an industry like agri-food– where venture funding hasn’t been a long-standing part of the ecosystem. So we’ve decided to shine a little more light in the investment box by asking two of our favorite LPs– or l...
Oct 25, 2023•41 min•Ep. 149
We've spent a lot of time this year talking about the future of specific sub-spaces of the food system– fertilizer, vertical farming, alternative protein, and ag retail, just to name a few. We’ve focused a lot on the existing internal trends and pressures that help us predict what might be coming next, but we’ve talked less about the factors outside of the expected, not least the way that people - from lawmakers, to organizations, to consumer groups- might be able to play a more active, and less...
Oct 11, 2023•36 min•Ep. 148
As 2030 looms and the climate commitments made in the last decade come into clear (and often disappointing) focus, one important lesson we’ve learned is that not all greenhouse gasses are created equal. Despite the many metrics created in the hopes of simplifying our way to climate action, CO2 is neither the most potent greenhouse gas nor, arguably, the most important priority in the short term. That position is held by methane, and a need for short term methane reductions puts the livestock and...
Sep 27, 2023•36 min•Ep. 147
Without a doubt, the global fertilizer sector sits at the center of a complex web of international industries. From energy to mining and food to agriculture, turning deep earth minerals from the far reaches of the globe into the food we eat every day is no small task, and even tiny changes can have outsized, and often unpredictable, impacts. That’s why, as we continue our thinking around what the future of fertilizer, and therefore the future of the global food system will look like, we are comi...
Sep 13, 2023•33 min•Ep. 146
Generative AI tools like ChatGPT have been making waves across the global economy, but it’s not always clear how these language creating tools can make a difference in industries like agriculture. While companies everywhere are scrambling to develop their own proprietary AI tools before they even know what they’ll use them for, many in ag are left wondering– should I be using ChatGPT too? Today we’ve asked Marc Arnusch , President of Arnusch Farms , to share his experiences using ChatGPT in farm...
Sep 06, 2023•42 min•Ep. 145
Innovation in the protein space has most recently seen a lot of hype around “alternative” proteins, from high tech microbe engineering to proprietary science that makes plants into something magically similar to juicy burgers or satisfying nuggets. But innovation in protein is a much deeper field. And when it comes to actually getting products to customers, protein innovations are just as likely to happen on the production floor as the lab bench. Today, we’re talking about how protein companies ...
Aug 16, 2023•38 min•Ep. 144
A few months ago, Matthew got the chance to represent Tenacious on a panel at the Evoke Ag Conference in Adelaide, Australia. The conversation was called “Going Global, Who's investing in Agribusiness,” and featured a group of investors who tackled some of the most pivotal questions facing the agtech investment space today; from tackling sustainability and ESG and managing through a generative AI revolution to getting to the next billion dollar exit. For more information and resources, visit our...
Aug 02, 2023•37 min•Ep. 143
In recent years, the vertical farming startup space has been characterized by ecstatic highs and disappointing lows. More than a billion dollars worth of funding has flowed into a relatively small number of investments, but despite this resourcing and years of runway, we’ve started to see frequent, high profile collapses. So, is there a value proposition with vertical farming? Or was it all hype, and time is running out? Today, we’re joined by Sebastien Eckersley-Maslin , Founder at Phyllome ( a...
Jul 19, 2023•36 min•Ep. 142
On the surface, the opportunity to transition on-farm energy to electricity seems limited at best. Farm jobs and farm equipment are big, and often require a level of power that electric options have historically been unable to meet. But between advances in electric vehicles and shifting dynamics in farm operations, those limitations are starting to dissolve. So we’ve started to wonder: is on-farm electrification at a tipping point? Today we’ve asked David Meyers , CEO and Founder at GridTractor ...
Jul 05, 2023•32 min•Ep. 141
When we think about the effects of climate change on the ag sector, we tend to focus on the impacts to the farm– particularly those events will have an impact on farmer livelihoods. The reality is, unpredictable weather during the growing season is only one part of the challenge. Generalized climatic uncertainty from season to season is proving to be just as crippling, and not just for farm operators, but for the whole value chain. Ag retailers, and other upstream ag businesses, are seeing their...
Jun 21, 2023•36 min•Ep. 140
In the ag business sector, the retail channel is sacred. Ag retailers are home to the people who actually shake hands with farmers, know their kids by name, and drive by their fields regularly. So if you’re someone looking to sell a product or service to a producer, it can be almost impossible to go around these heavily-influential, and often highly localized, organizations. And yet, the ag retail world is changing. Shifts in the way producers learn about, try, and buy the things they need to ru...
Jun 07, 2023•42 min•Ep. 139
For the final installment in our three-part food waste series, we’re climbing all the way up to the top of the supply chain to gain a deeper understanding of on-farm food loss and waste. The challenges that farmers face getting food to the farm gate have ramifications that are felt all throughout the food system, so by understanding this vital link in the chain, we’ll gain insight into how we might begin to shift the way we understand waste overall. Today, you’ll hear from Sarah Hulick , food wa...
May 24, 2023•39 min•Ep. 138
We’re digging back into waste in the food system this week, but to narrow the focus, we’re zooming in on Australia. Australia is a country that has set specific targets on waste reduction, but so far, is largely on track to miss them, and companies all along the value chain are contributing. Alongside our broader discussion of overall waste targets in the country, we take a more focused look at a food system case study: a meal kit delivery company that deals with a diversity of waste streams– fr...
May 10, 2023•30 min•Ep. 137
Waste in the food system is an incredibly big challenge. Whether the aim is to reduce food loss, to curb packaging that ends up in landfills, or even to ensure food that’s grown makes it out of the field, there is waste at every link in the chain that continues to contribute to food and ag’s outsized climate impact. The good news is, there are plenty of startups, and many investors, that are tackling these thorny problems. But the problem is, it’s really complex. Our internal grappling with why ...
Apr 26, 2023•29 min•Ep. 136
There’s a common misconception in the alternative protein space that continues to hold back innovation: the idea that conventional and alternative products are direct competitors. In general, the idea that consumers are dropping conventional milk for soy milk, or eschewing chicken in favor of plant-based nuggets just isn’t reflected in the data. More often then not, consumers buy both conventional proteins and alternative proteins, often at the same time. Acknowledging this, we have a lot of con...
Apr 12, 2023•33 min•Ep. 135
Deep tech– or the world of technology companies beyond those that make software– is often seen as a bridge too far for the world of venture capital investing. A key challenge; the tried and true strategies around growing high-value companies quickly that were the hallmark of the 2000s and 2010s don’t often translate when a company is moving atoms and molecules instead of bits and bytes. But from our perspective, deep tech is likely the most important component of our future food system. We have ...
Mar 29, 2023•27 min•Ep. 134
When it comes to phosphorus-- the second most prominent fertilizer component– a big problem today is that it is simultaneously too rare on earth overall and too abundant in the landscapes where it's used. The vast majority of the world’s phosphorus reserves are found in just two countries, Morocco and China. And phosphorus runoff, largely originating from agricultural uses, leads to toxic algal blooms (and associated greenhouse gas emissions) all over the world. Hunter Swisher, founder and CEO o...
Mar 15, 2023•30 min•Ep. 133
The question of how to make commodity crops more valuable is a perennial one in agriculture, and over the years there have been a lot of good-- and bad-- answers. Recently, one strategy has emerged that we find particularly intriguing, though it's safe to say it comes with plenty of challenges. Today, we’re exploring molecular farming– which, in this case, involves the production of dairy proteins in a genetically modified plant. Growing protein this way offers a lot of potential benefits, from ...
Mar 01, 2023•36 min•Ep. 132
When people in ag think about fertilizer, nitrogen -- or N -- is usually the first thing that comes to mind, whether thinking about yields, costs, or environmental impacts. But phosphorus is another concerning element of the crop nutrient mix, due to the declining mineable supplies, and the fact that those supplies are almost exclusively located in Morocco and China. But natural deposits aren’t the only source of phosphorus on Earth: livestock manure also contains meaningful quantities of the va...
Feb 15, 2023•34 min•Ep. 131
Global geopolitical disruptions first put fertilizer center stage as farmers around the world struggled with price and supply swings. But that was just the beginning of the conversation– as fertilizer tech begins to step into the spotlight, offering alternatives not only to traditional products, but to our whole way of thinking about the crop nutrients sector. Today, Tim Hammerich of the Future of Agriculture Podcast joins Sarah to dig into the “so what?” of the nitrogen tech we’ve discussed her...
Feb 01, 2023•45 min•Ep. 130
