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AgTech AI Digital Solutions Fund Raise

Thailand based AgTech startup Ricult raised $2 m

AgTech startup company in Thailand, Ricult raised $2 million in new investment, bringing its total funding to $5 million, according to Nikkei. The company uses proprietary machine learning algorithms, leveraging satellite imagery, agronomic models and weather data to provide precision agritech services to farmers. The round was led by Bualuang Ventures and Krungsri Finnovate. Among […]

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Agriculture AgTech Investments

AgTech firm Farmers Business Network raises $250M

Farmer’s Business Network, Inc., a US based agtech firm with a mission to power the prosperity of family farmers around the world by helping them maximize their profit potential, has closed a $250m Series F funding round. The round was led by BlackRock Inc., with participation from new investors Baron Capital Group, Balyasny Asset Management […]

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Bankruptcy Commodities

Phoenix Commodities has gone into liquidation after amassing $400m in potential trading losses

Phoenix Commodities, a trader of agricultural products with offices in Dubai and Singapore, is being liquidated after amassing more than US$400 million (S$567 million) in potential trading losses. It was valued at $1.1bn-$1.24bn as recently as January, according to a document filed by its provisional liquidators.. The Phoenix Group, which was registered in the British […]

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Crop Insurance

Crop insurance brings food security for farmers

The R4 Rural Resilience Initiative by the World Food Programme (WFP) provides an important platform for educating smallholder farmers on climate risk adaptation. The initiative, which began in 2017 in Kitui County in eastern Kenya, enables the poorest farmers to manage climate risk through crop insurance that they can access by participating in risk reduction […]

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Investments

AGRA invests $2.5 million to boost Agri-Business Capital (ABC) Fund

THE Alliance for a Green Revolution in Africa (AGRA) has invested $2.5 Million to boost the share capital of the Agri-Business Capital Fund (ABC Fund). The ABC Fund is a initiative of AGRA, the European Commission through its EU-ACP agreement, the Luxemburg Government and the International Fund for Agricultural Development (IFAD) to support sustainable and inclusive agricultural […]

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Policy

Young millennials as the future of Philippine agriculture

The Department of Agriculture (DA), Philippines, is set to engage 900 fresh graduates (batch 2019-2020) as ‘frontliners’ to assist in the implementation of agriculture programs in each congressional district nationwide. Millennials will be tapped as on-the-job trainees (OJTs) for about six months, given an attractive allowance, and later will get employed and detailed at each […]

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Uncategorized

What is Agricultural Accounting?

Agricultural accounting applies to your family farms or corporations runs their business in agriculture. It does not matter what kind of products you produce or sell in the market. The agricultural production cycles are so unique that the accounting methods used in other industries can not be applied in some cases. For example, some crops […]

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Uncategorized

Experts welcome agri stimulus, stress on proper distribution

Prime Minister (PM) Sheikh Hasina on Sunday declared to form a Tk 50 billion scheme for small and medium scale farmers who could get loan at 5.0 per cent interest rate in Bangladesh. The decision came following an upcoming probable food crisis across the globe due to the virus pandemic. While declaring the scheme, she […]

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Uncategorized

USDA Announces Loan Maturity for Marketing Assistance Loans Now Extended to 12 Months

Agricultural producers now have more time to repay Marketing Assistance Loans (MAL) as part of the U.S. Department of Agriculture’s implementation of the Coronavirus Aid, Relief, and Economic Security (CARES) Act of 2020. The loans now mature at 12 months rather than nine, and this flexibility is available for most commodities. Spring is the season […]