Farmers have been so hungry for the corn and wheat amendments that the startup has sold out multiple times flying in the face of skepticism over microbes’ efficacy.
FBN says the tool offers a new future for crop marketing, using networks and data to increase profits and level out what it describes as an uneven playing field for farmers.
In recent months, the focus of conversations in the agriculture technology startup scene has moved on from the initial excitement about the potential for technology to transform and disrupt the industry, to the challenges around adoption.
This year will be the worst year of the commodity price downturn for US row crop farmers as many enter their third year of negative net incomes, according to Rabobank Food & Agriculture.
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