If you could be the best at something, what would it be? For many businesses, the answer to that question is unexpected.
Right now, many businesses are ramping up to build or expand operations—and outshine their competitors—in a seemingly obscure industry: insect farming. And with large companies like Tyson Foods and ADM entering the industry, one can’t help but ask… Why?
The reason for large insect farms
- The market is profitable. Insect excrement can be used for fertilizer, and the insects themselves can be turned into oil and protein, which is typically used to create nutrient-rich animal feed. Both products can be sold for a profit.
- Insects offer a sustainable solution to animal feed. Insects raised on bug farms are often fed food waste from nearby animal farms and food processing plants, giving food waste a second life. Plus, insect farming requires fewer resources than some of the more traditional livestock food alternatives, which results in a comparatively low carbon footprint.
As insect farms continue to scale in both productivity and sustainability, there’s a good chance this industry will have major influence on the animal feed industry.
Dig Deeper: Watch the video below to learn more about cricket farming.