Despite an overall increase in agtech adoption, farmers around the world still lag in terms of adding new sustainability practices to their operations.
Both companies have struggled to stay afloat and face further headwinds from the current downturn and rough economic climate.
Through innovation, six major trends, from agrifintech to farm management software, are repositioning the sector and unlocking its game-changing potential.
The California-based startup will build up a team to scale its nutrient delivery product beyond its current 1 million acres.
Inari uses gene-editing tools to enhance the natural diversity of seeds while enabling higher crop yields with fewer inputs.
Research finds that 80% of farmers cite input cost as the biggest risk to profitability; more are considering tools like precision ag and biologicals.
Aqua-Yield’s concentrated liquid products can be added to most spray inputs farmers use for crop protection and soil and plant health.
Growers may also see “further downward price pressure” on phosphates and potash, though the outlook is less sunny for nitrogen.
War, climatic events, and supply chain strains are putting millions of tons of grain and roughly 1.4 billion people in vulnerable countries at risk.
Investors should proactively engage with animal protein and feed producers and support farmer transitions on the path toward reducing nitrogen levels.
Enko will use the funding to advance its pipeline of crop protection chemistries that provide an alternative to outdate chemical-based products.
Ahead of its forthcoming Series B fundraise, the US-based company has landed $5.3 million in new capital for its phosphorus fertilizer additive.
The French startup is aiming to have its first biofungicide product on the market within the next three years.
With herbicide resistance on the rise, Moa Technology wants to “replenish the toolbox” available to farmers, says CEO Virginia Corless.
“We have additional insecticide candidates at earlier stages in our pipeline, as well as our first fungicidal candidates,” CEO Anna Rath tells AFN.
It’ll expand manufacturing capacity at its Florida facility to bring its ag biofertilizer product to more farmers across North America.
Nigeria’s ThriveAgric and Kenya’s Apollo Agriculture raised close to $100 million between them this week in a watershed moment for African agrifoodtech.
Sound Ag claims the pilot could cover 3 million farm acres, reducing up to 350,000 metric tons of carbon dioxide equivalent per year, by 2027.
The Jakarta-based startup links sellers of fertilizers, seeds, and other inputs with local ag stores that serve smallholder farmers across Indonesia.
Startups developing biological crop inputs secured a total of $892 million in funding last year.
Sponsored
International Fresh Produce Association launches 2023 Fresh Field Catalyst Accelerator program