To get them started, Indigo Ag sends scientists to test soil samples at participating farms. "That's very promising adoption- there are about 500 million acres of cultivated land in the US," the CEO said. farmland have expressed interest in the Indigo Ag Carbon program, which the company launched in June 2019. Perry told CNBC on Monday that businesses responsible for 21 million acres of U.S. The company also uses that pricing data to help farmers purchase those products from suppliers at prices that they are willing to pay, instead of prices offered by a visiting salesperson. The deal marked the second major investment in agriculture tech startups this week.įarmers Business Network announced Monday that they raised $250 million for an online network that connects farmers, and allows them to anonymously trade notes about the products they use, like seed treatments, fertilizers and other ag chemicals and how much they cost. Its last reported valuation was $3.5 billion in 2018, according to Pitchbook. The round totaled $535 million, bringing the company's total funding to date to around $1.2 billion. The company on Monday announced it had raised another $260 million in preferred equity financing and $100 million in convertible equity funding to top off their latest round of funding. One benefit of regenerative farming is that it can take carbon dioxide out of the atmosphere, long-term.
The practice can include rotating crops, planting cover crops and more. The aim of regenerative farming is to replenish and protect land while growing food, rather than depleting soil and polluting the ecosystem in the process. The company's newest business line is its most experimental yet: A carbon sequestration program that rewards and trains farmers to use "regenerative" farming practices. Personal Loans for 670 Credit Score or Lower Personal Loans for 580 Credit Score or Lower Best Debt Consolidation Loans for Bad Credit
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