46 percent of the world’s population is living on less than $5.50 a day.
Productivity is the most important determinant for standard of living, and algae farms obtain an unprecedented 20 to 40-fold increase in agricultural productivity, capable of lifting entire communities and regions out of poverty.
Developing nations and rural regions of developed countries lack the high paying, high skill jobs needed to retain highly trained and educated people. Algae farms generate a full-spectrum of high-quality rural jobs from farm workers to PhD level scientists. These opportunities are needed to recruit the human talent necessary to foster rural rejuvenation.
15,000 children die each day from hunger and poverty related disease. Even in the United States, the rural poverty rate reached a 30-year high of 18% in 2013 and remained at 12% prior to the pandemic.
Algae farms will ignite large-scale rural rejuvenation and economic development in the lowest income areas of the United States and worldwide through the 20 to 40-fold increase in agricultural productivity combined with the full spectrum of jobs created.