Risk, returns & timeframes illustration
1 min read
October 25, 2022
by
Belinda Nash

Frank N Furter food 🥩

While Kiwi farmers fight fart tax, cultivated meat is starting to pop up on menus. Singapore has approved lab grown chicken, and meat manufacture giant, Tyson Foods joins a growing number of investors, including Bill Gates, Jeff Bezos and Sergey Brin, backing research into ‘clean meats’.
1 min read
October 25, 2022
by
Belinda Nash

Frank N Furter food 🥩

While Kiwi farmers fight fart tax, cultivated meat is starting to pop up on menus. Singapore has approved lab grown chicken, and meat manufacture giant, Tyson Foods joins a growing number of investors, including Bill Gates, Jeff Bezos and Sergey Brin, backing research into ‘clean meats’.
1 min read
October 25, 2022
by
Belinda Nash

Frank N Furter food 🥩

While Kiwi farmers fight fart tax, cultivated meat is starting to pop up on menus. Singapore has approved lab grown chicken, and meat manufacture giant, Tyson Foods joins a growing number of investors, including Bill Gates, Jeff Bezos and Sergey Brin, backing research into ‘clean meats’.
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Kiwi farmers are raising a stink over proposed ‘fart tax’ legislation. 💨 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 tomorrow’s 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 👨‍🌾 and more Frank N Furter’s science experiment. 👩‍🔬 

We’re not talking only bloody plant-based meat. Like Beyond Meat (BYND), which this week launched their ’juicy’ steak alternative following declining sales. 🥩 This, after announcing they’re culling 19% of their workforce after reporting grisly US$97.1 million sales losses and their shares falling nearly 80% year-to-date. ⚰  We’re also talking test tube ‘clean meat’ grown from animal stem cells, like Eat Just’s chicken nuggets, approved for sale in Singapore. 🧫 

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 they’re 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. 🍗 

Synthetic meat investors Bill Gates, Richard Branson and Jeff Bezos keep biting into the lab grown pie, too. 🥧 Among their newer investments is Ginkgo BioWorks’ (DNA) venture, Motif FoodWorks - which also includes Kiwi investor, Fonterra. Ginkgo scientists splice DNA strands and genetically programme cells. 🧬 Through Motif FoodWorks, Ginkgo hopes to carve into the ‘US$1 trillion’ beef and dairy industry. So, d’you feel like lab-grown sushi, burgers or chicken nuggets tonight? 🍣🍔

* No animals were harmed in the writing of this article

Belinda Nash
Finance writer
Linkedin

We’re not financial advisors and Hatch news is for your information only. However dazzling our writing, none of it is a recommendation to invest in any of the companies or funds mentioned. If you want support before making any investment decisions, consider seeking financial advice from a licensed provider. We’ve done our best to ensure all information is current when we pushed ‘publish’ on this article. And of course, with investing, your money isn’t guaranteed to grow and there’s always a risk you might lose money.

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