20 Most Grown Crops In The World

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In this article, we will discuss the most cultivated crops in the world and discuss AI startups that are trying to increase the agriculture sector's efficiency. If you want to skip our analysis of big AgTech names, head straight to the 8 Most Grown Crops In The World

The global agricultural sector intertwines a matrix of value chains that are influenced heavily by the most grown crops in the world. For instance, wheat is a staple food for 2.5 billion people while rice is a staple for 3.5 billion; both crops' demand is expected to increase by 50% and 35% by 2050, respectively. Similarly, the world's one-third population relies on maize (corn) as the primary food. Corn is pivotal for human consumption, and is also used as animal feed and has uses in the production of biofuels. 

Companies like Archer-Daniels-Midland Company (NYSE:ADM) play significant roles in the international wheat and rice trade. Archer-Daniels-Midland Company (NYSE:ADM) possesses a comprehensive grain elevator system in the US that captures a considerable proportion of the country's wheat production. These facilities store and aggregate wheat from farmers, which is then transported through the company's export facilities and processing plants to reach end customers. Archer-Daniels-Midland Company (NYSE:ADM) is also equipped with storage facilities that receive corn and rice to ensure an uninterrupted supply for its processing plants.

Sugarcane, corn, and rice are also among the 15 Most Consumed Crops in the World, as these are cash crops for major agricultural countries.  

Advancements in the Global Agriculture Practices 

The global agriculture industry, as of the last data, accounted for roughly 4% of the world's GDP, with millions depending on it for livelihood. As the world's population is projected to reach 9.8 billion by 2050, the demand for food will rise correspondingly. The Food and Agriculture Organization (FAO) warns that to feed the global population; agricultural production must increase by 60% from 2005 levels. Therefore, to meet this increasing demand, the agriculture sector is now turning to advanced technologies like transitioning from basic hand tools to large machinery and, more recently, to precision agriculture. 

For example, Deere & Company (NYSE:DE) acquired Blue River Technology, an AgTech startup, by cognizing the potential of AI in agriculture. This acquisition equipped Deere & Company (NYSE:DE) with "See & Spray" technology which detects weeds among corn, cotton, and soybean plants. When mounted on a tractor, this system by Deere & Company (NYSE:DE) can accurately spray herbicides on weeds and avoid crops, thus reducing chemical use by up to 90%. The technology promises cost savings for farmers and addresses environmental concerns associated with excessive herbicide use.