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Kiwi farmers are raising a stink over proposed âfart taxâ legislation. đš But with agriculture making up nearly half of New Zealand greenhouse gas emissions, and agriculture land and water use under the spotlight, will more of tomorrowâs BBQs be cooked up in the lab? From Sergey Brin-backed burgers* to salmon and faux foie gras, meat production might become less about Frank from the farm đšâđŸ and more Frank N Furterâs science experiment. đ©âđŹÂ
Weâre not talking only bloody plant-based meat. Like Beyond Meat (BYND), which this week launched their âjuicyâ steak alternative following declining sales. đ„© This, after announcing theyâre culling 19% of their workforce after reporting grisly US$97.1 million sales losses and their shares falling nearly 80% year-to-date. â°Â Weâre also talking test tube âclean meatâ grown from animal stem cells, like Eat Justâs chicken nuggets, approved for sale in Singapore. đ§«Â
Allied Market Research indicates that the cultivated meat market, valued at US$1.64 million in 2021, could reach US$2,788.1 million value by 2030. And meat producing giant Tyson Foods (TSN) has shown theyâre not ready to be axed by consumers with climate concerns. Their Tyson Ventures has invested in biotechnology company Future Meat, which this year produced their first cultivated lamb, and plans to break ground on their US factory in 2023 to grow cultivated chicken. đÂ
Synthetic meat investors Bill Gates, Richard Branson and Jeff Bezos keep biting into the lab grown pie, too. đ„§ Among their newer investments is Ginkgo BioWorksâ (DNA) venture, Motif FoodWorks - which also includes Kiwi investor, Fonterra. Ginkgo scientists splice DNA strands and genetically programme cells. 𧏠Through Motif FoodWorks, Ginkgo hopes to carve into the âUS$1 trillionâ beef and dairy industry. So, dâyou feel like lab-grown sushi, burgers or chicken nuggets tonight? đŁđ
* No animals were harmed in the writing of this article
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