Expo Agrofuturo Draws 25,000; Deals top US$300 Million; ‘Green’ Tech Arising
Medellin-based Agrofuturo announced September 15 that the just-concluded 11th edition of “Expo Agrofuturo” drew more than 25,000 attendees from 30 countries and generated approximately US$300 million in business deals, up nearly a third from last year’s show.
The trade show at Medellin’s Plaza Mayor convention center brought together 420 local and international companies along with dozens of experts expounding upon all facets of agriculture, with advanced technology and “green” biotech grabbing much of the limelight.
For example: Two of the three “innovation award” winners at this year’s edition – Anka Robotica and Taclla – are developers of drone-based crop detection and analysis technologies, while the third “innovation” winner was Medellin-based GE3 Biotech.
Meanwhile, this year’s “sustainability award” went to Cali-based Arroz Blanquita – a pioneering producer and marketer of organic rice, employing non-chemical pest-control schemes that are actually beneficial rather than harmful to birds and other wildlife.
On a similar note, Medellin-based banking giant Bancolombia unveiled a COP$350 billion (US$120 million) “Agroverde” line of credit for farmers employing environment-friendly technologies and production schemes.
Today, only 24% of Colombia’s arable land is used for farming — just 5.3 million hectares of 22 million available hectares, according to Bancolombia. Another 35 million hectares in Colombia are dedicated to cattle ranching. But in many cases today, ranchers aren’t making best use of that land.
While Colombia (and Antioquia specifically) is a major world player in export of cut flowers, coffee, bananas and some tropical fruits, it has tremendous potential for expansion and diversification, as several experts from Chile (this year’s special invitee) noted in a panel discussion on export development.
For example: Ricardo Navarrete — Chile’s Embassador to Colombia – pointed out in his presentation here that while Chile has become a huge world player in fruit exports, “Colombia has much better climate conditions than Chile.”
As a result, with more robust investment in farming — combined with upgrades in road and port infrastructure, plus continuing expansion of free-trade agreements — Colombia could become a much bigger player in global agricultural exports, even potentially passing Chile, he added.