Agtech

Farmers Business Network and Environmental Defense Fund Announce Major Expansion of Regenerative Ag Operating Lines, Incentivizing Farmers to Implement Regenerative Ag Practices

Retrieved on: 
Thursday, December 8, 2022

Enrollment for the 2023 growing season begins today, with over 20 farmers already on the waitlist and just 50 spots available.

Key Points: 
  • Enrollment for the 2023 growing season begins today, with over 20 farmers already on the waitlist and just 50 spots available.
  • This means that farmers who have already invested in regenerative practices such as no-till, cover crops and optimized fertilizer use can participate.
  • One of the world’s leading international nonprofit organizations, Environmental Defense Fund ( edf.org ) creates transformational solutions to the most serious environmental problems.
  • The sprout logo, “Farmers Business Network”, “FBN”, "Farmers First", and “Gradable” are trademarks, registered trademarks or service marks of Farmer's Business Network, Inc. or its affiliates.

FBN® Brings Thousands of Farmers Together in Omaha with Leaders in Agronomy, Ag Tech, Finance, Insurance, and Sustainability for Farmer2Farmer VI

Retrieved on: 
Wednesday, December 7, 2022

Two farmers attending Farmer2Farmer described its value this way:

Key Points: 
  • Two farmers attending Farmer2Farmer described its value this way:
    “Going into 2023, I’ll be farming over 100x what I was when I started out a few short years ago in 2017.
  • Every farmer knows the tool you don’t have is the one you will need; Farmer2Farmer fills our toolboxes.” Mike Galloway, Gillette, Wyoming, Rancher producing beef, pork, and chicken.
  • The idea for the FBN network originated from farmers who wanted to create an independent, farmer-driven information and commerce network.
  • Next year, tens of thousands of farmers will have access to features of Gradable, FBN’s sustainability platform, at over 150+ locations.

Gibraltar Announces New $400 Million Credit Facility

Retrieved on: 
Friday, December 9, 2022

Gibraltar Industries, Inc. (Nasdaq: ROCK), a leading manufacturer and provider of products and services for the renewable energy, residential, agtech and infrastructure markets, announced today that it has closed on a $400 million five-year revolving credit facility.

Key Points: 
  • Gibraltar Industries, Inc. (Nasdaq: ROCK), a leading manufacturer and provider of products and services for the renewable energy, residential, agtech and infrastructure markets, announced today that it has closed on a $400 million five-year revolving credit facility.
  • The new facility replaces a revolving credit agreement maturing in January 2024.
  • Gibraltar also has the option to increase the size of the facility by up to an additional $300 million, subject to certain conditions.
  • The facility generally maintains the key terms under the expiring credit facility including the same level of capacity, which will provide ample liquidity to fund M&A opportunities to strengthen Gibraltars portfolio, maintain its share buyback program and to use for general corporate purposes.

Trace Genomics announces new lead for commercial development & strategy

Retrieved on: 
Friday, December 16, 2022

REDWOOD CITY, Calif., Dec. 16, 2022 /PRNewswire/ -- The Trace Genomics' board of directors announced today that the company has retained Brad Griffith to lead commercial development and strategy.

Key Points: 
  • REDWOOD CITY, Calif., Dec. 16, 2022 /PRNewswire/ -- The Trace Genomics' board of directors announced today that the company has retained Brad Griffith to lead commercial development and strategy.
  • "Trace Genomics is excited to have Brad join our dynamic team.
  • "I have been impressed by the scientific capabilities of Trace Genomics in developing actionable insights for farmers, retailers, and manufacturers across the agri-food value chain.
  • Trace Genomics is a pioneer in the use of hi-definition genomics to activate the hidden insights in soil for healthier soils and a healthier planet.

Globalstar Signs Commercial Agreement with Wiagro to Supply IoT Transmitters for Agtech Applications

Retrieved on: 
Wednesday, December 7, 2022

Globalstar, Inc. (NYSE American: GSAT) today announced a commercial agreement with Wiagro, an Agtech start-up from Argentina.

Key Points: 
  • Globalstar, Inc. (NYSE American: GSAT) today announced a commercial agreement with Wiagro, an Agtech start-up from Argentina.
  • Globalstar is supplying Wiagro with 2,500 ST100 satellite modem transmitters for their Smart Silobag, which allows for the remote monitoring of grain conditions stored in silo bags.
  • The Globalstar ST100 satellite modem was selected due to its reduced size, low consumption, reliable service, and affordable price.
  • We have already established a presence in Brazil, and we are now expanding into Argentina with our partner, Wiagro.

California Growers Signal Commitment to Water Sustainability Via Irrigation Startup Lumo

Retrieved on: 
Wednesday, December 14, 2022

SANTA ROSA, Calif., Dec. 14, 2022 /PRNewswire/ -- Lumo [lumo.ag], an Agtech company focused on water sustainability through the development of smart valve and irrigation technology announced today that it has opened its early access program for 2023.

Key Points: 
  • Lumo intends on manufacturing 250 smart valves in 2023, which will provide growers with automation, precision, and accountability surrounding their irrigation systems.
  • "That's why we're impressed with Lumo and its goal of transforming the agricultural industry by creating a solution which will optimize water usagefor commercial growers like us."
  • The system offers a first of its kind wireless, smart water valve network that will enable growers to optimize water usage to improve crop quality and reduce overhead costs.
  • Lumo is a smart irrigation solution that helps growers save water, improve crop quality and reduce costs.

Solis Agrosciences Raises Growth Capital in Expanded Round

Retrieved on: 
Thursday, December 8, 2022

ST. LOUIS, Dec. 8, 2022 /PRNewswire/ -- Solis Agrosciences, created to provide R&D crop development services to Agtech companies, today announced that it closed on major growth capital financing led by Hermann Companies, Jim McKelvey, and BioGenerator Ventures. The funding will allow Solis to expand with additional talent and infrastructure to meet the needs of a growing customer base.

Key Points: 
  • ST. LOUIS, Dec. 8, 2022 /PRNewswire/ -- Solis Agrosciences , created to provide R&D crop development services to Agtech companies, today announced that it closed on major growth capital financing led by Hermann Companies, Jim McKelvey, and BioGenerator Ventures.
  • The funding will allow Solis to expand with additional talent and infrastructure to meet the needs of a growing customer base.
  • "We are thrilled to receive this investment," said Mary Fernandes, President and Co-founder of Solis Agrosciences.
  • Solis Agrosciences is a pioneering plant sciences company offering state-of-the-art technology & research services to Agtech innovators.

ProGro BIO Appoints New Executive

Retrieved on: 
Thursday, December 1, 2022

ATLANTA, Dec. 1, 2022 /PRNewswire/ -- Atlanta based ProGro BIO Inc. has named Jimmy Joyner President of Commercial Strategy. He will lead the company's efforts to commercialize ProGro's cornerstone microbial soil inoculant Rhizol. Rhizol is an all-natural microbial solution that stimulates plant growth and protects plants from soil-borne fungal and bacterial pathogens and numerous species of plant parasitic nematodes.

Key Points: 
  • ATLANTA, Dec. 1, 2022 /PRNewswire/ -- Atlanta based ProGro BIO Inc. has named Jimmy Joyner President of Commercial Strategy.
  • Jimmy's incredible real-world experience in bringing agricultural products to market and working directly with growers of all sizes, is an enormous value to ProGro," said Blake Young, Chairman and Chief Executive Officer.
  • "I'm very happy to join ProGro's executive team," stated Jimmy Joyner.
  • ProGro BIO is an AgTech company that produces all-natural organic microbial formulations focused on revolutionizing agribusiness by reversing damage to the environment caused by decades of application of chemical fertilizers and toxic solutions.

Monarch Tractor Launches Production of Founder Series MK-V: The First Commercially Available Electric, Driver-Optional Smart Tractor

Retrieved on: 
Thursday, December 1, 2022

Monarch Tractor , maker of the MK-V, the fully electric, driver-optional, smart tractor, today announced the first tractors are coming off the Founder Series production line at its headquarters and manufacturing facility in Livermore, California.

Key Points: 
  • Monarch Tractor , maker of the MK-V, the fully electric, driver-optional, smart tractor, today announced the first tractors are coming off the Founder Series production line at its headquarters and manufacturing facility in Livermore, California.
  • (Photo: Business Wire)
    Utilizing a Monarch MK-V in place of a comparable diesel tractor is the equivalent emission reduction of removing 14 passenger vehicles from the road.
  • This is a momentous day for Monarch Tractor that has been years in the making, said Praveen Penmetsa, co-founder & CEO, Monarch Tractor.
  • Monarch Tractors Founder Series MK-V is the worlds first fully electric, driver optional, smart tractor set to enhance farmers existing operations, alleviate labor shortages, and maximize yields.

AgriFORCE Schedules Special Meeting of Shareholders

Retrieved on: 
Thursday, December 1, 2022

VANCOUVER, British Columbia, Dec. 01, 2022 (GLOBE NEWSWIRE) -- AgriFORCE Growing Systems Ltd. (“the Company") (NASDAQ: AGRI; AGRIW), an intellectual property (IP)-focused AgTech company dedicated to advancing sustainable cultivation and crop processing across multiple platforms, today announced it has scheduled a special meeting of shareholders, to approve share issuances in connection with the previously announced purchase of food processing technology from Manna Nutritional Group, acquisitions of the Stronghold property and Delphy Groep BV, as well as the recent debt financing transaction, and any other related matters, which will be held on December 8, 2022 at 11AM Pacific time / 2PM Eastern Time. AgriFORCE’s board of directors unanimously recommends that its stockholders vote “FOR” each of the proposals.

Key Points: 
  • AgriFORCE stockholders at the close of business on the record date of November 1, 2022 are encouraged to vote their shares as soon as possible before 9AM Pacific Time / 12PM Eastern Time on December 7, 2022.
  • AgriFORCE has completed mailing to stockholders the definitive proxy statement relating to the special meeting of stockholders.
  • Stockholders who need assistance voting their shares should contact AgriFORCEs proxy solicitor, Alliance Advisors, toll-free at (844) 717-2299 or by email to [email protected] .
  • Connect with AgriFORCE on LinkedIn: AgriFORCE Growing Systems Ltd.