Fact based, ontime decision making in agriculture
DATE OF INITIAL INVESTMENT
Agritask is a leading Ag-tech company providing data-driven decision support tools for end-to-end agronomic management of businesses throughout the agriculture eco-system.
The FAO defines a sustainable food value chain as one that is profitable throughout all of its stages (economic sustainability); has broad-based benefits for society (social sustainability) and has a positive or neutral impact on the natural environment (environmental sustainability). Decision making across the entire agriculture eco-system, from ag-insurance companies and large agri-corporates to small-holder-farmers cooperatives, needs be upgraded to enable more sustainable food value chain
Agritask is a single platform to manage all agronomic-relevant data which significantly upgrades the decision-making processes across the entire agriculture value-chain, with a focus on food & beverage companies and ag-insurers. The company’s offering to agriculture insurers revolutionizes their ability to perform accurate risk analysis enabling them to drastically reduce operational costs, develop and manage more advanced insurance offerings and deepen insurance penetration to new and underserved markets. The platform is already deployed in over 30 countries serving small and large-scale farmers, food producers, government extension projects and insurers, predominantly in emerging and frontier markets.
Usage of wide digitized agronomic data by different actors in the agriculture eco-system leads to improved decisions. Data-based decisions in turn, leads to improved resource-efficiency making food production more sustainable. Agriculture resource efficiency is key to improved food security. In addition, resource efficiency in small farms increases the inputs-yield ratio and has the potential to improve small farms’ profitability and financial resilience and thus improve the well-being of small-holder farmers. In the context of increased risk for agriculture production due to climatic shocks – Agritask’s offering to insurance companies enables increased insurance penetration that is critical to the financial resilience of small farms.