The United States will invest $900 million over five years in seed companies in a bid to accelerate the global seed revolution, the Pentagon said Wednesday.
The $1 billion in investments is part of a $2.5 billion effort by the Defense Department and the U.N. Food and Agriculture Organization to build the seeds industry, which has grown from less than 1 percent of the global supply in 2007 to over 100 percent in 2016.
The money will go to seed companies that can build commercial farms, produce seeds and help develop a global market for those seeds, according to a Defense Department news release.
The companies will also work with the private sector to bring their products to market and establish an industrial base, the news release said.
The Defense Department also said it would create an independent seed research and development center in its Center for Strategic and International Studies to promote the commercialization of new and previously unknown crops.
The center will be headed by a former chief of staff to Vice President Mike Pence.