Key Takeaways
- AgTech Funding: xFarm Technologies raises €36M to expand AI and regenerative agriculture solutions.
- AgTech Partnerships: BLOOM FRESH™ acquires Inka’s Berries to grow no-chill blueberry varieties.
- AgTech Interview: Soli Organic expands with a new sustainable facility in Texas, focusing on reducing food miles.
- A new U.S. bill proposes tax credits for AgTech investments, driving industry growth.
Sponsored by Harnois Greenhouses: Vermax – The Future of Energy-Efficient Greenhouse Design
Harnois Greenhouses presents the Vermax glass greenhouse, an innovative, energy-saving solution. Vermax helps growers reduce energy costs while minimizing greenhouse gas emissions, leading the way toward sustainable agricultural practices.
This Week in AgTech Investments
xFarm Technologies Raises €36M in Series C
xFarm Technologies secured €36 million in a Series C funding round led by Partech’s Impact Fund, with participation from major investors like Swisscom Ventures. The funding will support expansion into new markets, including Latin America, India, and the U.S., while focusing on AI and regenerative agriculture.
Greeneration Receives Investment from Future Food Foundry
Dubai-based vertical farm Greeneration received a significant investment to diversify its products, expanding from premium greens to health-focused products like superfoods and adaptogens. This move aims to enhance food security in the UAE and reduce dependency on imports.
Blue Radix Secures €5M to Scale Autonomous Greenhouse Technology
Blue Radix raised €5 million from Navus Ventures and Horticoop to accelerate the commercialization of their AI-powered Crop Controller, designed to automate climate and irrigation systems in greenhouses. This technology is already operational in nearly 100 greenhouses worldwide.
This Week in AgTech Partnerships
BLOOM FRESH™ Acquires Inka’s Berries
BLOOM FRESH™ announced the acquisition of Peru-based Inka’s Berries, expanding its fruit breeding portfolio to include no-chill blueberry varieties. The acquisition focuses on natural breeding techniques to develop blueberry strains adaptable to warmer climates, addressing global food security.
Netafim Partners with Phytech for Precision Irrigation
Netafim and Phytech have partnered to enhance real-time precision irrigation with Phytech’s mobile platform, integrated into Netafim’s GrowSphere™. This collaboration aims to improve water use efficiency, crop health monitoring, and operational performance through predictive algorithms.
New Product Releases
Topcon Agriculture Unveils Value Line Autosteering Solution
Topcon introduced its latest autosteering solution for small and mid-range tractors, which improves efficiency and reduces input costs. The system’s GNSS receiver and touchscreen console provide precise satellite-based guidance, increasing operational accuracy.
Reinke Manufacturing Releases E3™ Precision Irrigation Systems
Reinke launched the E3™ Precision Series for optimized water use. This irrigation system offers uniform water application, reducing water waste and boosting crop yields. It’s customizable for different field conditions, enhancing farm efficiency.
Interview with Soli Organic’s CEO: A Strategic Approach to Growth
Soli Organic’s CEO shared insights on their new 140,000-square-foot facility in San Antonio, Texas. The facility’s strategic location serves the Texas Triangle, providing locally grown produce to millions. With a focus on sustainability, Soli Organic’s facility uses 90% less water and 99% less land compared to traditional farming. Additionally, the company is piloting electric trucks to reduce their carbon footprint, further committing to sustainability in logistics. Read the complete interview here.
This Week in AgTech: Other News
A New Bill Proposes Tax Credits for AgTech Investments
The U.S. government is reviewing a bill that would provide a 30% tax credit for investments in precision agriculture and controlled environment farming. This financial incentive could encourage further adoption of advanced AgTech solutions, fostering industry-wide modernization.
Rumin8 Secures Brazilian Regulatory Approval
Rumin8’s methane-reducing feed additives have been approved in Brazil, following earlier success in New Zealand. This marks a significant step in reducing livestock emissions, particularly in the beef and dairy industries, while offering a scalable solution to methane reduction.
Upcoming AgTech Events
- World Agri-Tech Mexico | October 29-30, 2024
- REAP Conference 2024 | November 6, 2024 | Newmarket, UK
- Inhouse Farming Feed & Food Show | Nov 12-15, 2024 | Hanover
- AgriNext Conference | Dubai, UAE | Nov 13-14, 2024
- Asia-Pacific Agri-Food Innovation Summit | November 19-21, 2024
Discover all the other events here.
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