“This is an important milestone for the agribusiness since never have producers had the ability to recover their investment so quickly therefore allowing them to reinvest capital and make production more efficient.”

While there were a number of interesting deals this summer, overall activity was relatively light. The last three months brought in approximately $758 million in funding for 51 private companies across the global food tech sector, broken down into $165 million, $170 million and $423 million for June, July and August, respectively.