India’s potential for growth was large and there would be big opportunities “once it gets its act together”.
Smith said in 1991 the global feed industry was estimated at 550 million tonnes, but by 2012 had grown to over 890m tonnes based on figures from Alltech’s 550-strong sales force who regularly visited 26,000 feedmills “and a lot more farmers”.
While it would be difficult to expand the area of crop grown fermentation products could be used so more energy was produced by plants. This could mean a gain of .5 tonne more of grain harvested/ha which he said was significant.
But everywhere he went people wanted to know about dairying.
“We need more milk and that milk will come.”
Alltech products could be used to keep cows’ rumens stable and by controlling the rumen environment one of the areas of biggest impact could be reducing greenhouse gases (GHG).
“We are in a sea of opportunity.”