Agtech expert Aidan Connolly, President of AgriTech Capital, joins Sylvain and Michael to separate agtech hype from real value, share his DRIVE framework for AI adoption and rank Canada on an S-to-D agtech tier list. In the news: Farm Credit Canada's $1 billion financing initiative, EU associate membership upsides, shifting beef imports, food price volatility across the G7, diesel's hit to grocery bills, the return of Yves Veggie Cuisine and recall communication lessons from Taylor Farms.
Is artificial intelligence about to transform agriculture more than any other industry? On Season Seven, Episode Four of The Food Professor podcast, Dr. Sylvain Charlebois and Michael LeBlanc sit down with Aidan Connolly, President of AgriTech Capital and past president of the International Food and Agribusiness Management Association (IFAMA), one of the world's leading voices on agtech and the future of farming.
Aidan helped Alltech grow from roughly $25 million to $2.5 billion in revenue and now connects startups, investors and agri-food companies to help innovation scale. He separates agtech hype from real value, explaining why vertical farms, cell-cultured meat and insect farming struggled, and why AI's potential in agriculture may exceed any other sector if the industry can solve its farm data problem. He shares his DRIVE framework for AI adoption and weighs in on data ownership, cooling agtech venture capital, mega-farms and food traceability. Then he ranks countries on an S-to-D agtech tier list. Find out why Canada earns a B, Israel an A, and what Canada can learn from the Netherlands and New Zealand. You'll also hear Aidan's magic-wand fix for turning Canada into an agri-food superpower.
In the news, Michael and Sylvain unpack a good week for Canadian agri-food policy. Canada's investment summit focused on energy and infrastructure. Even so, Farm Credit Canada's $1 billion project financing initiative, $150 million in agri-food capital and a new productivity tax break for small and medium-sized businesses could help farmers and food processors invest in automation and R&D. Sylvain argues a more productive, competitive food sector is Canada's best answer to U.S. tariffs.
The hosts also weigh EU associate membership, the CETA payoff for Canadian cereal exports to Europe, and why Canada should say "yes to all" trading partners. Agriculture makes up just 1.9% of Canada's growing trade with China, while Chinese tariffs on Canadian peas add uncertainty.
On grocery prices, food inflation has eased to 2.8%, but prices are up 28.9% since September 2021. Sylvain explains why food price volatility is the real enemy, with Canada logging 17 month-to-month drops in five years, the most in the G7. They also cover beef imports up 13%, with Australia and Brazil gaining, easing cattle prices, and why high diesel costs could add 0.4 percentage points to food inflation this winter.
Plus: the return of Yves Veggie Cuisine under Maple Leaf Foods, crisis communication lessons from the Taylor Farms outbreak and the Silk recall, why the CFIA should declare when a recall is over, and a fun Dairy Farmers of Canada pop-up café on Toronto's Queen Street.
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