12/2/2023 0 Comments Ag growth international news![]() ![]() ![]() "Our investment in Farmobile substantially expands our technology platform and integrates automated data collection seamlessly within our IntelliFarms SureTrack farm management and grain exchange platform," said Tim Close, CEO of AGI. The company's revenue is generated from Farmobile PUC subscriptions to farmers, ag retailers and trusted advisors, and data licensing. The automatically collected data is used as a system of record for as-applied, as-planted and as-harvested data records. This data is converted into standardized Electronic Field Records which can be viewed via desktop or mobile, shared with trusted advisors, and monetized through its digital marketplace, the Farmobile DataStore exchange. The Farmobile PUC IoT device collects and streams second-by-second geo-tagged agronomic and machine data on every pass of the field from farm equipment of most makes and models. Farmobile provides hardware and software services for the real-time collection, organization, analysis, and storage of farm data. AGI has the right to appoint two directors to the Farmobile board of directors as a result of this investment.įarmobile, headquartered in Leawood, Kansas, is an independent agriculture technology company. AGI and Farmobile have also entered into a Strategic Commercial Agreement to expand the existing collaboration between the two companies. ![]() ("Farmobile"), with funding expected to occur on July 17, 2019. (TSX: AFN) ("AGI" or the "Company") recently announced it has agreed to make a minority equity investment of US$15M in Farmobile, Inc. ![]()
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