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Friday, August 13, 2021 3:05:08 AM
addition, we anticipate that our California base will provide us with access and exposure to the nation?s most significant agriculture
market. Protecting agriculture from disease and providing farmers with cost-effective solutions to protect, process and clean crops represents
a significant opportunity for Boon
1
. In California alone, crops are a $50+ billion business, including exports that topped
$21 billion in 2019. Grape production generated $5.4 billion in 2019 and almond production resulted in $6.1 billion in cash receipts.
California accounts for 40 percent of all organic production in the U.S. and organic sales grew to $10.4 billion in 2019. Boon is targeting
farms in California?s central valley to develop pilot projects around protecting the food supply from the devasting impacts of pests,
viruses and diseases. These efforts include touch points in the fields, at the processing plants and in the transportation system.
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