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Agri-business research and development: An opportunity and a necessity
Alberta has established a reputation the world over for finding new and innovative ways to make the most of its natural resources. However, for decades these research and development efforts have been concentrated in the energy industry. With unprecedented uncertainty in the provincial economy, transformational technologies, and changing global trade dynamics, it is now the time to bring this same pioneering spirit to another industry, one as synonymous with Alberta as oil and gas—agri-business.
The global agribusiness industry is rapidly changing, and a policy shift which emphasizes research and development will not only keep Alberta’s industry competitive, but also enable the sector to take full advantage of future market opportunities. If done right, this has the potential to create a new economic driver in the province, build a more diverse industry base, and give Alberta an opportunity to become a hotbed for technological innovation and research in the agri-business space.