Insect farms: Investors see big profits in thinking small

[riky]

Insect farms: Investors see big profits in thinking small

Work on the world's largest fly farm has begun in South Africa after the European firm behind the project won much-needed funding from investors, propelling the use of insects as livestock feed beyond academic theory to a commercial venture. The project near Cape Town was conceived by a group of scientists and environmentalists racing to find protein alternatives as rising production of livestock feed such as soy gobbles up more and more valuable agricultural land. The success of AgriProtein in securing $11 million in funds, while small, is a sign investors are warming to the idea that insects could be big business in the years ahead. "If farming insects can solve the two problems, then that is a great outcome, and that is what has motivated our investment," he said.

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