Farmers Edge raises $18.3 mln from SDTC, other investors

“New funds will help the precision ag pioneer reduce fertilizer, water and pesticide use in agriculture” VANCOUVER, British Columbia–(BUSINESS WIRE)–Farmers Edge™, a global leader in precision agriculture and independent data management solutions, announced today that it will receive $6,107,563 million CAD from Sustainable Development Technology Canada (SDTC) with an additional $12.2 million from internal sources and contributions from consortium partners. “This project will create green jobs for the local economy, increase efficiency in the agricultural sector and provide economic and environmental benefits for all Canadians.” With the SDTC investment, Farmers Edge, alongside its partners, will develop a comprehensive precision data management platform with the ability to capture, visualize and analyze zone-specific information that incorporates multiple variables that impact crop performance, including: weather, soil processes, disease and pest impacts, as well as the constantly shifting interplay of crop prices with input and equipment costs. The company was recently named a Technology Pioneer by the World Economic Forum as well as Canada’s Disruptor Innovator of the Year by PricewaterhouseCoopers (PwC). “Working alongside our world-class partners, we’re bringing innovative solutions that will assist in addressing global food security, the UN Sustainable Development Goals and support Climate Smart Agriculture to the benefit of the world’s large and small holder farmers. Our portfolio of companies develop and demonstrate new technologies that address issues related to climate change, air quality, clean water and soil.