View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. News
June 29, 2022

McCain Foods buys crop analysis tools from ag data firm Resson

The potato-products major says the deal will boost farmers’ productivity.

By Dean Best

McCain Foods has snapped up a suite of crop-monitoring analysis tools from ag data business Resson.

Free Report
img

What’s the forecast for the food and grocery industry?

The food and grocery sector thrived during the pandemic, largely due to the shutdown of the food service industry and the sector’s subsequent necessity, panic-induced bulk purchasing, and spending more time at home. The market has grown as a result of inflation. Consumer unwillingness to go out and socialize, and the reopening of several hospitality facilities, helped maintain the demand for groceries, particularly online, in 2021. As consumer behavior changes, we consume more food and drink at home, and inflation increases basket sizes. GlobalData predicts that the sector will continue to hold a higher share than had been predicted prior to the pandemic. This is true despite the fact that the food and grocery sector's share of overall retail will decline from its peak in 2020. This report will discuss market forecasts and key themes in the global food & grocery industry in 2022 and beyond. It covers:
  • Market drivers and inhibitors
  • Five-year forecasts and the impact of COVID-19
  • The performance of the online channel versus offline
  • Major trends in the market including rapid delivery, ambient retailing, supply chain disruption, and inflation
Assess developments within this sector to help your business thrive in 2022 and beyond.
by GlobalData
Enter your details here to receive your free Report.

The potato-products major says the deal will boost farmers’ productivity.

McCain Foods has been working with fellow Canada-based business Resson for the past nine years to develop algorithms that forecast farm yields through remote sensing technology.

The privately-owned food group said buying the assets “will create scale for these technologies” as it works with Resson’s customers to help growers and food processors manage their crop production efficiently.

“The acquisition is pivotal to McCain Foods’ innovation agenda and our ambition to use digital technology to transform agriculture,” Jillian Moffatt, the group’s chief technology officer, Jillian Moffatt, said. “The technology provides productivity enhancement to farmers and food processors by leveraging actionable insights from their field data to make predictive decisions that improve long-term yields and profitability.”

Among McCain Foods other recent investments is vertical-farming business GoodLeaf Farms. The company ploughed more than CAD65m (US$50.5m) into GoodLeaf Farms last year to become the majority shareholder, three years after making an undisclosed strategic investment in the business.

Last year also saw McCain Foods pledge that 100% of its potato acreage – representing 149,733 hectares worldwide – will be grown using regenerative agriculture by 2030.

Other sustainability commitments announced by McCain Foods last year were the opening of three “Farms of the Future” in different growing regions around the world by 2025, reducing carbon emissions from potato farming, storage and freight by 25% by 2030 and reducing carbon emissions from all operations by 50% by 2030.

Related Companies

Free Report
img

What’s the forecast for the food and grocery industry?

The food and grocery sector thrived during the pandemic, largely due to the shutdown of the food service industry and the sector’s subsequent necessity, panic-induced bulk purchasing, and spending more time at home. The market has grown as a result of inflation. Consumer unwillingness to go out and socialize, and the reopening of several hospitality facilities, helped maintain the demand for groceries, particularly online, in 2021. As consumer behavior changes, we consume more food and drink at home, and inflation increases basket sizes. GlobalData predicts that the sector will continue to hold a higher share than had been predicted prior to the pandemic. This is true despite the fact that the food and grocery sector's share of overall retail will decline from its peak in 2020. This report will discuss market forecasts and key themes in the global food & grocery industry in 2022 and beyond. It covers:
  • Market drivers and inhibitors
  • Five-year forecasts and the impact of COVID-19
  • The performance of the online channel versus offline
  • Major trends in the market including rapid delivery, ambient retailing, supply chain disruption, and inflation
Assess developments within this sector to help your business thrive in 2022 and beyond.
by GlobalData
Enter your details here to receive your free Report.

Topics in this article: ,
NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. A weekly roundup of the latest news and analysis, sent every Friday. The industry's most comprehensive news and information delivered every other month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Just Food