Farmers Edge Partners with Brazil-Based Agriculture Barter Operator Gira, the Ag Tech from Santander Bank
16 November 2021 - 1:00PM
Business Wire
New operational deal helps growers access funds
and dedicate resources to support crop production with management
tools that deliver accurate farm data to lenders
Farmers Edge Inc. (“Farmers Edge” or the
“Company”) (TSX: FDGE), a pure-play digital agriculture company,
has partnered with Gira, a modern multiplatform provider dedicated
to supporting growers and funding crop production through barter.
By distributing one another’s products and services in Brazil,
Farmers Edge and Gira can generate a more transparent credit
environment where both farmers and lenders benefit from reliable
data.
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the full release here:
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Farmers Edge Partners with Brazil-Based
Agriculture Barter Operator Gira, the Ag Tech from Santander Bank
(Photo: Business Wire)
Barter trade operations have become popular among small and
medium-sized Brazilian growers for their agility and simplicity, as
it makes funding more feasible by using future production as
payment. Santander Bank recently consolidated Gira as a new branch
dedicated to developing and stabilizing this payment
relationship.
Gira began its trajectory as an ultra-modern receivables
management system able to minimize the risks of the agribusiness
credit chain, operating safely due to the exclusive legal,
agronomic, and environmental compliance service, proven to be
efficient for guaranteed payments. Its platform was the first in
the region to implement geolocation of production areas for
gathering and analyzing agronomic data plus monitoring production
on farms reliant on barter.
Today, in a new phase, Gira is part of the Santander ecosystem.
As a relevant operator of barter, Gira brings new solutions so that
producers can more efficiently purchase the inputs they need, as
well as market their production.
Partnered with Farmers Edge, Gira will provide its users with
funding resources through barter operations. This synergy offers a
new frontier in trust and expansion to Brazilian banks and farmers
alike.
“Our unique digital infrastructure and FarmCommand platform will
help to minimize risk for lenders and empower Brazilian growers,”
said Farmers Edge founder and CEO Wade Barnes. “By allowing lenders
to access field-centric data that our proprietary tools collect,
farmers can borrow capital to finance their growing season, improve
land, and scale their business — all while using our solutions to
boost yields, streamline processes, and grow more sustainably in
one of the world’s largest food exporting nations.”
“We are creating an integrated environment for risk management
in agriculture,” said Barnes. “As the local pioneer in this field,
Gira is the ideal partner for creating the transparency and
visibility we need to fuel the digital transformation of Brazilian
agribusiness. Now farmers can match the needs of their operation to
the right tools, and banks can lend at favorable rates to help
their country’s growers prosper.”
About Farmers Edge Farmers Edge is leading the next
agricultural revolution with the industry’s broadest portfolio of
proprietary technological innovations, spanning hardware, software,
and services. Powered by a unique combination of connected field
sensors, artificial intelligence, big data analytics, and agronomic
expertise, the company’s digital platform turns data into actions
and intelligent insights, delivering value to all stakeholders of
the agricultural ecosystem. Farmers Edge disruptive technologies
accelerate digital transformation on the farm and beyond,
protecting our global resources and ensuring sustainable food
production for a rapidly growing population. For more information,
please visit www.farmersedge.ca and SEDAR (www.sedar.com).
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version on businesswire.com: https://www.businesswire.com/news/home/20211116005728/en/
Media Contact: Corey Herscu (US/Canada)
corey@verbfactory.com 647-300-3030
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