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Adoption isn't the final stage of ag innovation. And extension doesn’t just happen when workshops and fact sheets are added to research projects. Both need to be designed in from the beginning and supported for long enough for change to actually stick. The agriculture system invests heavily in research and development, but getting a new idea from “it works” to widespread, sustained practice is another challenge altogether. In this episode, Sarah Nolet talks with farmer, researcher, and extension expert Pip Job about what we might be getting wrong about agricultural adoption. Pip has worked across Landcare, government, drought resilience, and venture-backed agtech startups. Her broad experience has given her a unique perspective on the different systems and incentives that shape how farmers adopt  (and sometimes stop adopting) new practices and technologies. She argues that extension is about transformation, not transaction. Rather than simply getting information or technology in front of farmers, effective extension needs to understand the motivations, capabilities, risk appetites, and social contexts that influence whether people actually change. The conversation also explores why agriculture could learn from fields such as behavioral science, implementation science, and human-centered design. In this episode, we explore: Why extension and sales aren't the same thingWhy “reach” doesn't necessarily equal impactWhat causes farmers to disadopt new practicesWhy extension is often treated as an afterthought to R&DWhat agriculture could learn from health, education, and other sectorsHow funding cycles and reporting requirements can work against genuine behavior changeWhy co-design needs to continue throughout a project, rather than happening once at the beginning.What a longer-term investment model for agricultural adoption could look likeUseful Links: Hub on the pathway to impact - Southern NSW Drought Resilience Adoption and Innovation HubFive Lessons in (Effective) Agtech AdoptionWhy Good Agtech Doesn't Always Get Adopted, with Chad GodseyAustralasian Pacific Extension NetworkAccelerating Agtech Adoption - AgrifuturesGetting Agtech Ready - Agtech So What?FromDemo Farms to Adoption with Wine AustraliaBook: Change or DieFor more information and resources, visit our website.  The information in this post is not investment advice or a recommendation to invest. It is general information only and does not take into account your investment objectives, financial situation or needs. Before making an investment decision you should seek financial advice from a professional financial adviser. Whilst we believe the information is correct, we provide no warranty of accuracy, reliability or completeness.

Building a farm for an uncertain future means questioning some of the assumptions that have driven farming for decades. For Simon Wallwork, a brutally dry season in 2010 was the catalyst for rethinking his farming system. After years of predominantly cropping, he began looking more closely at climate data and using it to inform changes to his agronomic practices and make the jump to bring livestock back into the business. Since then, Simon's thinking has expanded from adapting to climate change, to actively preparing for what's next. He's been involved in Ag Zero, a farmer-led initiative exploring agriculture's role in the energy transition, while on his own farm he's experimenting with carbon farming, electrification, and on-farm energy hosting. In this episode, Simon and Sarah explore what happens when farmers start thinking about technology, sustainability, and resilience not as separate issues, but as parts of the same system. For instance, rather than simply replacing a diesel tractor with an electric one, what happens when electrification and autonomy make the constraints of traditional farming systems start to disappear? They discuss: Why diversification can be an important part of building farm resilienceThe shift from thinking about climate adaptation to agriculture's role in mitigation and the energy transitionHow carbon farming can change the economics of marginal landHow autonomy changes the assumptions around machinery size and speedSimon's farm microgrid and the role of solar and batteriesThe potential role of electric tractors, trucks, and drone sprayersWhether electrification and autonomy could reduce the pressure for farms to continually scale upWhat energy independence could look like at the farm and regional level and why community ownership is criticalHow sustainability requirements could increasingly influence market access, finance, and insuranceUseful Links: Webinar: Nature Friendly Farming - Farmers for Climate ActionThe Business Case for Electrifying Agriculture, with Cherry Grower Mike CaseyAgricultural autonomy and new ways of working with SwarmFarm RoboticsHave we hit the tipping point for autonomy in ag? With Shane Thomas and Matthew PryorComparing science communication theory with participatory practice: case study of the Australian Climate Champion ProgramGRDCCorrigin Farm Improvement GroupFor more information and resources, visit our website.  The information in this post is not investment advice or a recommendation to invest. It is general information only and does not take into account your investment objectives, financial situation or needs. Before making an investment decision you should seek financial advice from a professional financial adviser. Whilst we believe the information is correct, we provide no warranty of accuracy, reliability or completeness.

As technology makes equipment more autonomous, precise, and serviceable from anywhere, will dealers become less important? Or will they become an even more valuable technology-enabled partner to farmers? Today, Shane Thomas (Upstream Ag Insights) joins us to unpack the underlying economics of ag equipment dealers in our latest, Business Model Breakdowns episode of AgTech So What?  As many know, dealerships are where most equipment gets sold, serviced, and supported.  But the business model is more complicated than simply selling tractors and parts. And, it’s changing.  We examine dealers largely by breaking down Titan Machinery, the world’s largest CNH dealership, with around $US 2.5 billion in revenue and more than 100 locations across the US, Eastern Europe, and Australia. The surprising part? The equipment itself isn't where most of their profits come from. While equipment sales make up the majority of dealership revenue, parts, service, and rentals generate the majority of gross margin. In this episode, Sarah, Matthew and Shane discuss: How the agricultural equipment dealership business model works.Why parts and service are so important to dealer profitability.Whether technology could fundamentally change the role of the dealer. The role of equipment financing and inventory management.Why used equipment can create significant balance-sheet risk.How dealer consolidation changes the economics of the business.Agtech companies attempting to go direct to farmers.Whether trust and rapid service will remain powerful advantages for dealers.Got a business model in ag you’d like for us to break down in a future episode? Let us know! Useful Links: Investor Relations - Titan MachineryWill China’s cheaper tractors disrupt ag equipment? - Tenacious VenturesCNHDealers AGCO Corporation, Fendt Australia, John DeereBlurring the Line Between Farmer and Ag Retailer - Tenacious VenturesTech: SwarmFarm Robotics, Harrington Seed Destructor, Carbon Robotics7 Powers - The Foundations of Business Strategy, Hamilton HelmerFor more information and resources, visit our website.  The information in this post is not investment advice or a recommendation to invest. It is general information only and does not take into account your investment objectives, financial situation or needs. Before making an investment decision you should seek financial advice from a professional financial adviser. Whilst we believe the information is correct, we provide no warranty of accuracy, reliability or completeness.   Companies: Titan Machinery • Topics: ag-retail, farm-machinery, business-model, agtech-ecosystem

What happens when you stop thinking about trees and agriculture as separate systems? In this episode, sixth-generation Australian farmer and engineer Michael Taylor explains what decades of planting trees have taught his family about farming, resilience and innovation. On their New England Tablelands farm, “Taylor’s Run,” the Taylors began planting trees for a practical reason: shelter. But over generations, those trees have become part of a much bigger story about agroforestry, biodiversity, natural capital, and the complex interactions at work across a farming system.   Michael discusses why farming, despite his engineering background, is one of the most complex systems to manage. He shares the lessons that have emerged over decades of tree planting, as well as the mistakes. And the unexpected benefits those experiences have revealed.The conversation also explores what happens when we try to put numbers around nature. Michael discusses how natural capital accounting and data can help demonstrate, in tangible figures, some of the things farmers already see and observe in their landscapes. Sarah and Michael also discuss: How trees can influence wind, moisture, ground cover and livestock protection Why some innovations only reveal their true value over decades How agroforestry can create value beyond timber What natural capital accounting can tell us about farm systems The limits of trying to simplify complex natural systems   Useful Links: Valuing natural capital on Australian farms — Tenacious Ventures Shifting from climate measurement to risk mitigation — Tenacious Ventures Mark Wootton on carbon-neutral farming at Jigsaw Farms — Tenacious Ventures Natural Capital - Forico CSIRO Natural Capital Handbook Bambra Agroforestry Farm — practical Australian agroforestry resources Responsible Wool Standard (RWS) - Textile Exchange Australian Farmer of the Year Michael Taylor shows how farming diversity can lead to sustainability - ABC News For more information and resources, visit our website.  The information in this post is not investment advice or a recommendation to invest. It is general information only and does not take into account your investment objectives, financial situation or needs. Before making an investment decision you should seek financial advice from a professional financial adviser. Whilst we believe the information is correct, we provide no warranty of accuracy, reliability or completeness. [00:2:00] Farming is a complex system [00:20:00] Innovation reveals its value over time [00:24:00] Data can make farmer knowledge visible Topics: agroforestry, natural-capital, biodiversity, climate-risk, agtech-ecosystem

What if crops could tell you when they were sick, before you could see the symptoms? Gary Schaefer leads the commercial organization at InnerPlant, a company with a radically different approach to crop monitoring: engineering plants to communicate when they are under stress.  InnerPlant’s technology enables plants to emit a fluorescent signal within hours of infection by specific diseases, potentially giving farmers access to real-time information about what is happening in their crops. Their first commercial product, CropVoice, uses strategically placed “sentinel” plants to provide localized information about fungal disease risk in soybeans. But like all things in agtech,  technology is only part of the story.  In discussion with Dr Madeline Mitchell, Gary shares what InnerPlant has learned about bringing a new category of agtech to market. If plants can tell us what’s happening before we can see it, what else might that change about agriculture? Gary and Maddie discuss: What detecting disease before visible symptoms appear changes about crop protection The shift from maximizing yield to maximizing efficiency What InnerPlant learned by starting small and working closely with farmers. What it takes to move from scientific innovation to commercialization. Why strategic investment can be more valuable than capital alone. How farmer investors can help shape an agtech company's path to market. What the future could look like when every plant becomes a sensor. Useful Links: Ag Startup InnerPlant Develops New Crop Technology Alerting Farmers of Plant Stress VCs should still chase agtech Cinderellas - Fast Company Breaking Barriers in Crop Innovation (3 part series) For more information and resources, visit our website.  The information in this post is not investment advice or a recommendation to invest. It is general information only and does not take into account your investment objectives, financial situation or needs. Before making an investment decision you should seek financial advice from a professional financial adviser. Whilst we believe the information is correct, we provide no warranty of accuracy, reliability or completeness. Companies: InnerPlant • Topics: ag-data, ai, crops-horticulture, innovation

Agriculture often talks about telling a better story, but Jim Gall, the CEO of RB Sellars argues the real challenge is giving people something worth believing in. RB Sellars is a workwear brand that’s well-known in regional Australia, largely for its work shirts. In this episode, Sarah speaks with Jim about why the strongest brands don't simply market themselves, rather they’re using technology, data, and transparency to earn trust. From AI-powered customer service and fiber traceability to customer insights and regional investment, Jim shares how innovation can strengthen relationships rather than replace them. Drawing on his unique career spanning journalism, marketing, farming, and leadership, Jim explains why agriculture's future depends on businesses that understand their customers, invest in their communities, and build stories grounded in truth. Sarah and Jim discuss: Why traceability and provenance are becoming strategic advantages for agricultural businesses. How RB Sellars uses customer data and agricultural insights to decide where to invest. Why understanding farmers' seasonal needs changes the way products are designed and sold. The leadership philosophy that encourages innovation through radical candor. How combining data with local knowledge leads to better commercial decisions. What agtech founders can learn about building brands that customers genuinely believe in. Useful Links: RB Sellars and Woolmark partner to champion Australian Merino wool New Partnership highlights the appeal of Australian cotton Putting cotton farmers at the forefront of the cotton industry, with Marzia Lanfranchi Cotton Australia The Woolmark Company For more information and resources, visit our website.  The information in this post is not investment advice or a recommendation to invest. It is general information only and does not take into account your investment objectives, financial situation or needs. Before making an investment decision you should seek financial advice from a professional financial adviser. Whilst we believe the information is correct, we provide no warranty of accuracy, reliability or completeness. Companies: RB Sellars • Topics: marketing-brands, supply-chain, agtech-ecosystem, people-culture

How do you know when a new agtech product is actually ready for the farm?  Growing up on a family farm in Colorado over the declining Ogallala Aquifer, Chad Godsey has spent his career searching for ways to improve water and nutrient efficiency.  These days he’s the Chief Agronomist for Green Evolution Technologies, which has a hydrogel technology that’s engineered to store water and nutrients in the soil. This episode explores why adoption looks different on every farm, how growers are increasingly using their own data to assess new products, and why farmer confidence, not just evidence, is often the biggest barrier to change. Hosted by Tenacious’ Dr. Maddie Mitchell, they discuss why Green Evolution Technologies has deliberately taken a slower path to market, the role of farmer investors, and how building a product around real farming systems (versus chasing rapid growth) can create stronger businesses in the long term. Maddie and Chad discuss: Why farmers trust their own on-farm trials more than research papers The realities of the technology adoption curve in agtech Why startup timelines don't always match farming timelines The commercialization strategy behind Green Evolution Technologies Why efficiency is becoming more valuable than simply increasing yield The role of hydrogels in improving water and nutrient use efficiency Useful Links: Is Agtech Broken for Venture Capital—or Are We Asking the Wrong Question? When Kansas dries up…in 2050, with Dan Northrup Pivot Bio Godsey Precision Ag GreenSeeker tool might help reduce your nitrogen costs - Corn Accelerating the development of agtech worth adopting For more information and resources, visit our website.  The information in this post is not investment advice or a recommendation to invest. It is general information only and does not take into account your investment objectives, financial situation or needs. Before making an investment decision you should seek financial advice from a professional financial adviser. Whilst we believe the information is correct, we provide no warranty of accuracy, reliability or completeness. Companies: Green Evolution Technologies • Topics: ag-tech-adoption, ag-data, soil-health, farm-economics

What if the future of food isn't about convincing people to care more about sustainability, but rather focusing on what can improve taste? In this episode, Tenacious’ Dr. Maddie Mitchell speaks with food futurist and innovation strategist Mike Lee about the forces shaping the future of food, agriculture, and consumer behavior.  Mike has spent his career helping some of the world's largest food companies think differently about innovation. He's also the author of Mise: On the Future of Food, a speculative magazine from the future that explores what food systems could look like over the coming decades. Together, Maddie and Mike unpack why consumers consistently say they care about sustainability but continue to buy based on taste, convenience, and price. They explore the growing interest in soil health and why one of the biggest opportunities for agtech may be proving the connection between healthy soils, flavor, and nutrient density. They discuss: Why taste still beats sustainability at the checkout The emerging connection between soil health, flavor, and nutrition. What agtech startups can learn from systems thinking The links between personalized nutrition and crop diversity Who’s driving more change: big food companies or startups Useful Links: Will consumers and companies ever pay for nutrition and soil health? A New Blueprint for Big Food - by Mike Lee Eating to Extinction  GLP-1s are reshaping the food system — are midstream companies ready? Companies mentioned: Chobani, Alpha Food Labs, Bionutrient Food Association, Edacious For more information and resources, visit our website.  The information in this post is not investment advice or a recommendation to invest. It is general information only and does not take into account your investment objectives, financial situation or needs. Before making an investment decision you should seek financial advice from a professional financial adviser. Whilst we believe the information is correct, we provide no warranty of accuracy, reliability or completeness. Companies: Chobani, Alpha Food Labs, Bionutrient Food Association, Edacious • Topics: food-consumer, soil-health, food-systems, innovation

With the surname “Kentish,” Nic carries his family’s potato growing legacy. While it's one of pride, the journey has certainly not been easy.  After returning to the family farm in South Australia, he found himself confronting one of the biggest challenges many farming families face: how to build a profitable, sustainable business in an increasingly volatile industry. In this episode, Nic Kentish unpacks his lessons learned from decades in farming, including a difficult transition into organic potato production that ultimately left the business carrying significant debt. Nic speaks candidly about the financial and emotional pressure that comes with succession, the realities of running high-risk agricultural enterprises, and why understanding your gross margins matters just as much as understanding your soils. Now an educator with RCS’s Grazing for Profit program, Nic explains why he believes agriculture must be viewed as a connected system: where soil health, profitability, relationships, livestock management, and technology are all intertwined. The conversation explores regenerative agriculture, biological farming, and why Nic prefers to focus less on labels and more on outcomes. Sarah and Nic discuss: Why “great technology” still has to solve real on-farm problems The lessons Nic learned from transitioning to organic farming Gross margins, debt, and the hidden pressures of succession Why soil health and profitability are deeply connected The role of observation and intuition alongside agtech Why family relationships are often the biggest risk, or strength, in farming businesses How farmers can build resilience in increasingly variable conditions     Useful Links: The Warble Podcast | RCS Change Agent: The maverick agronomist who changed grazing methods - ABC News Optiweigh Low Stress Stock Handling - Farmsafe Arden Andersen - Soil Learning Center Halter’s $2 billion question, with founder Craig Piggott Regen Ag Series Australian Rural Leadership Foundation For more information and resources, visit our website.  The information in this post is not investment advice or a recommendation to invest. It is general information only and does not take into account your investment objectives, financial situation or needs. Before making an investment decision you should seek financial advice from a professional financial adviser. Whilst we believe the information is correct, we provide no warranty of accuracy, reliability or completeness. [12:00:00] Sustainable farming has to be profitable. [00:23:00] Regen ag is about outcomes not labels. [00:37:00] Good tech supports farmer intuition Companies: RCS • Topics: soil-health, farm-economics, regen-ag, crops-horticulture

What if one of agriculture’s most controversial “waste problems” is actually its most overlooked opportunity? Daniel Carson is an entrepreneur based in New Zealand, who wants to transform the beef industry from the ground up by directly addressing the challenge of what happens to non-replacement dairy calves. Through his startup, Miti, Daniel is building a new model that grows these calves into “young beef” and turns them into value-added protein products. But the product itself is only part of the story. It’s also a demonstration of a new production and supply chain system that’s designed to better align with global demand for lean protein and lower emissions. Daniel explains how this system leverages existing biological advantages from fast-growing dairy animals, built-in traceability, and shorter production cycles, to create a lower-emissions protein source. But despite strong fundamentals at the farm level, scaling the model runs into a familiar agtech barrier: the cost of infrastructure. Processing systems, supply chains, and industry incentives are all designed around large, premium carcasses. Therefore, to truly unlock the value potential Daniel believes in, some well-established systems would need to be challenged.  Daniel and Sarah discuss: Why “waste streams” like bobby calves represent a major untapped protein opportunity How the cost of infrastructure, like processing systems, constrains innovation in agriculture Why lean protein, not premium cuts, is the most constrained global beef category How emissions, traceability, and data could reshape value in red meat supply chains The challenge of driving system change when incumbents are incentivized to maintain the status quo Useful Links: Mīti Turns Dairy Challenge into Award Winning Innovation - Gardiner Foundation Miti founder 'blown away' by winning innovation award Supplying sustainable beef to McDonalds - Tenacious Ventures Tackling enteric emissions series - Tenacious Ventures 💡3 reasons why dairy is the new beef - by Janette Barnard For more information and resources, visit our website.  The information in this post is not investment advice or a recommendation to invest. It is general information only and does not take into account your investment objectives, financial situation or needs. Before making an investment decision you should seek financial advice from a professional financial adviser. Whilst we believe the information is correct, we provide no warranty of accuracy, reliability or completeness. Companies: Miti • Topics: livestock-dairy, meat-protein, supply-chain, innovation

Monsanto is one of the most influential and controversial companies in the history of global agriculture. But beyond the headlines, what can its evolution teach us about how value is created and captured in ag? As agriculture enters a new era shaped by technological advances, climate pressures, and macroeconomic uncertainty, understanding where power sits in the system and how it shifts has never been more important. Monsanto’s story offers insight into how control points are built, defended, and transformed over time. In this episode, Sarah Nolet is joined by Tenacious Ventures co-founder Matthew Pryor and the creator of Upstream Ag Insights, Shane Thomas, to break down the business model evolution of Monsanto. Together, they trace Monsanto’s journey from a chemical manufacturing company built on waste stream transformation, through the rise of glyphosate and innovation in crop protection, to its defining move into seeds and traits. They dig into how Monsanto layered in strategies around licensing, branding, regulation, and distribution to build one of the most powerful positions in modern agriculture. This episode is our second Business Model Breakdown, where we explore how agricultural systems, companies, and structures actually work and what that means for the future of agtech. This format is an experiment and we’d love your feedback! Sarah, Matthew, and Shane discuss: How Monsanto evolved from industrial chemicals to seeds and traits Why control points like germplasm and genetic IP became central to value capture  How regulatory strategy and “knowledge environments” shaped Monsanto’s success. The role of patents, licensing, and branding in scaling adoption What Monsanto’s story suggests about future control points in agtech, including data and AI. Got a business model you’d like for us to break down in a future episode? Let us know! Useful Links: Breaking Barriers in Crop Innovation Bayer Rounds Up Monsanto Monsanto wins Pioneer appeal of patent dispute | Reuters Mapping Power in the Seed Value Chain: Who Wins, Who Loses, and Why Corteva at Wolfe Research Conference: Strategic Growth and Challenges Silent Spring Lords of the Harvest: Biotech, Big Money, and the Future of Food For more information and resources, visit our website.  The information in this post is not investment advice or a recommendation to invest. It is general information only and does not take into account your investment objectives, financial situation or needs. Before making an investment decision you should seek financial advice from a professional financial adviser. Whilst we believe the information is correct, we provide no warranty of accuracy, reliability or completeness. Companies: Monsanto, Bayer, Corteva • Topics: agtech-ecosystem, business-model, ag-data, ag-retail

Some of the most transformative innovation in agri-food is happening downstream of the farm, in the materials, products, and industries that agriculture ultimately feeds into. In this episode, Sarah Nolet speaks with Tina Funder, founder of Alt Leather, an Australian startup developing fully bio-based alternatives to traditional leather. Tina’s journey into agtech didn’t begin in a lab or on a farm, but in advertising, where she developed a deep understanding of customers, branding, and problem solving. Concerned that most alternative leathers were more plastic than plant, Tina has built a company which sits across multiple industries, from agriculture, biotechnology, manufacturing and fashion.  But this complexity comes with its challenges. Is Alt Leather a materials company? A biotech platform? Or a manufacturing business? And how does that complexity impact their ability to build a team, raise capital, and commercialize? Sarah and Tina also discuss: Why some of the biggest agtech opportunities sit in materials and manufacturing. The challenge of building fully bio-based materials in a plastic-dominated industry. Evolving your value proposition to focus on what matters to your customers. The realities of scaling a deep tech company, including capital, manufacturing, and commercial partnerships. Why sustainability must be paired with price and performance to win  The conversation also reframes one of the most widely misunderstood aspects of leather. While much of the narrative focuses on livestock emissions, Tina highlights that the majority of environmental impact comes from the tanning process (including water use, chemicals, and pollution.) Useful Links: Building a Ladder to Commercial Success for Deep Tech Founder Durable and Degradable: Our Compostable Bio-Based Leather Alternative SproutX: the Victorian seed fund accelerating agriculture - Forbes Australia Curing fashion’s reliance on leather with an eco-friendly plant-based alternative - CSIRO Innovera Alt-Leather in Mercedes-Benz Concept - DVN Life on Mars Goods Samsara Eco YUIMA NAKAZATO Couture GLACIER Penfolds Premium Gift with Purchase | Upstairs Yellow. For more information and resources, visit our website.  The information in this post is not investment advice or a recommendation to invest. It is general information only and does not take into account your investment objectives, financial situation or needs. Before making an investment decision you should seek financial advice from a professional financial adviser. Whilst we believe the information is correct, we provide no warranty of accuracy, reliability or completeness. Companies: Alt Leather • Topics: innovation, alt-materials, business-model, agtech-ecosystem

While agtech often celebrates breakthrough technologies that can slash costs for farmers, what if the real value of innovation lies somewhere else entirely? In this episode, Mark Trzaskoma joins Dr Madeline Mitchell to explore what agtech adoption actually looks like on the ground at Battunga Orchards, a 180-hectare orchard operating across three sites in Victoria. From mechanised harvest platforms to canopy redesign and data collection tools, each decision at Battunga is guided by a “test, measure, learn” approach, focused on yield, quality, and long-term performance rather than short-term efficiency gains. Mark also shares a cautionary insight: optimizing for cost can actually reduce productivity. His experience of hitting cost targets in pruning, only to see production decline, highlights a broader challenge in agriculture: efficiency is not the same as effectiveness. Mark and Maddie discuss: Why agtech often delivers value through better outcomes, not lower costs. Why cost-cutting can undermine productivity in biological systems. The realities of working with early-stage, evolving agtech products. Labor constraints and their role in driving automation in horticulture. Bridging the growing disconnect between producers and consumers Useful Links: Battunga Orchards from the air, Warragul, Victoria, Australia Future Orchards® | Apple and Pear Australia Limited (APAL) Food Traceability QR Codes Investment Notes: Agovor How small growers think about agtech - Tenacious Ventures  Getting agtech ready - Tenacious Ventures For more information and resources, visit our website.  The information in this post is not investment advice or a recommendation to invest. It is general information only and does not take into account your investment objectives, financial situation or needs. Before making an investment decision you should seek financial advice from a professional financial adviser. Whilst we believe the information is correct, we provide no warranty of accuracy, reliability or completeness. [00:7:20] Agtech drives better outcomes, not just lower costs.  [00:10:30] Cost-cutting can reduce yield. [00:26:30] Why growers and consumers are disconnected. Companies: Battunga Orchards • Topics: crops-horticulture, ag-tech-adoption, labor, autonomy-robotics

Co-operatives have a long and sometimes colored history in agriculture, across the Western world. What role will they play in the future of agriculture? As agriculture becomes increasingly shaped by digital technologies and artificial intelligence, the question of who owns, governs, and benefits from farm data is still unresolved. Could co-ops be the answer? In this episode, Sarah Nolet is joined by Tenacious Ventures co-founder Matthew Pryor and the creator of Upstream Ag Insights, Shane Thomas, to explore the history of co-operatives as a means for farmers to pool resources and address market power imbalances.  They also unpack the business model behind co-ops and analyze whether the principles of co-ops could also be applied to digital infrastructure.  This episode is the first in a series of business model “breakdown” episodes we’ll be producing this year, where we’ll dig into how agriculture systems, structures, and even specific companies work, why they matter today, and the impact of agtech in their evolution.  This format is an experiment and we’d love your feedback! Sarah, Matthew, and Shane discuss: Why agricultural cooperatives emerged and how they address power imbalances in agricultural markets. How the cooperative model could extend from physical infrastructure to digital infrastructure and farm data governance. Whether co-ops could serve as trusted intermediaries for training AI models using aggregated farm data. How governance tensions between different types of farmers might play out in a data-driven future. How consolidation of cooperatives and changing farm structures could shape the future of technology adoption. Got a business model you’d like for us to break down in a future episode? Let us know! Useful Links: The 3 Fears of Farm Data (and bonus episode w/ audience responses) Coming to terms with farm data usage Farm data fears - more harm than good? Rebooting AgTech Software with AI, with Rhishi Pethe Companies mentioned: Regen Farmers Mutual; CBH Group; The Rochdale Pioneers | ICA; The UFA Agricultural Community Foundation - Our Purpose; CHS Inc.; History | WinField® United Australian Grains Champion withdraws CBH proposal OpenWeedLocator (OWL): an open-source, low-cost device for fallow weed detection | Scientific Reports For more information and resources, visit our website.  The information in this post is not investment advice or a recommendation to invest. It is general information only and does not take into account your investment objectives, financial situation or needs. Before making an investment decision you should seek financial advice from a professional financial adviser. Whilst we believe the information is correct, we provide no warranty of accuracy, reliability or completeness. Companies: Regen Farmers Mutual, CBH Group • Topics: ag-retail, business-model, ag-data, cooperatives

In less than a year, NZ-based virtual fencing company Halter raised $165 million and then $220 million more, reaching a $2 billion valuation at a time when global agtech funding is down more than 70% from its peak. By any measure, that's a remarkable achievement. But what does it actually mean? In this episode, Halter founder and CEO Craig Piggott speaks with our producer and dairy owner Kirsten Diprose about building the company from the ground up, from training cows on his parents' farm in the Waikato to shipping a million solar-powered collars across three countries. Craig and Kirsten discuss: What virtual fencing is and why pasture-based farmers are adopting it The technical and behavioural challenges of building reliable hardware for animals Halter’s evolution from a tech-first experiment into a farmer-first platform What scaling from New Zealand into Australia and the US actually looks like The conversation was recorded at the Australian Dairy Conference just before Halter’s Series E announcement. Host Sarah Nolet shares her own perspectives at the end, including the questions she wished she'd been able to ask Craig directly. Useful Links: Halter raises $220M in Series E less than a year after raising $165M Series D Kiwi AI farming start-up worth $2.9b as Peter Thiel invests Halter says it’s not an agtech company on the heels of $220m Series E The Innovation Sweet Spot: Aligning Corporates, Startups and Investors, with Brad Fruth and Frank Wooten For more information and resources, visit our website.  The information in this post is not investment advice or a recommendation to invest. It is general information only and does not take into account your investment objectives, financial situation or needs. Before making an investment decision you should seek financial advice from a professional financial adviser. Whilst we believe the information is correct, we provide no warranty of accuracy, reliability or completeness. Companies: Halter • Topics: livestock-dairy, venture-startups, autonomy-robotics, ag-data