New ADM Institute for the Prevention of Postharvest Loss aims at $14B crop loss, waste
In Illinois, Archer Daniels Midland made a $10 million grant to the University of Illinois at Urbana-Champaign.to found the ADM Institute for the Prevention of Postharvest Loss The global institute will work with smallholder farmers in the developing world to help preserve millions of metric tons of grains and oilseeds lost each year to pests, disease, mishandling and other factors.
According to the FAO, $14 billion in crops were lost to waste in 2007, and the University of Illinois noted that the amount of wheat and rice lost during that year could have satisfied the cereal-grain dietary needs of more than 380 million people. ADM noted that just 5 percent of agricultural research funding goes to studying post-harvest infrastructure and technology to prevent spoilage and waste.
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