AGCO

Sustainably solving the food shortages of the future

Smart Farming

Greeneye Technology is an Israeli company providing precision spraying solutions, using artificial intelligence and deep learning. The company’s technology can be integrated into existing sprayer machines which eliminates the need for farmers to invest in new equipment for precision spraying.&nbsp;Greeneye’s solution allows farmers to detect and spray weeds in real-time, capturing images at a rate of 40 frames per second&nbsp; with up to 95.7% accuracy. The company also claimed that its solution can carry out precision spraying at the same travel speed as broadcast spraying (20 km/h). It also reduces herbicide and chemical usage by 90% and reduces costs by an average of 50% when compared to broadcast spraying methods. Results from field trials conducted by the Agricultural Research Division (ARD) of University of Nebraska-Lincoln showed that Greeneye’s precision spraying solution reduced herbicide usage in postemergence applications and pre-emergence applications by 87% and 94% respectively with similar weed control efficacy compared to broadcast applications. In addition, Greeneye’s solution also reduced total residual and non-residual herbicide costs (USD 40.6 per acre) compared to broadcast treatments (USD 105.8 per acre) and claimed to have return on investment within 18 months for a 3,000 acre farm.Greeneye rented its precision spraying machines as a service with plans to sell a retrofit kit to its customers, which can be integrated into existing machines from 2022. As the first stage of its global roll-out, Greeneye announced its commercial launch in October 2021, where the company made its first sale to one of the largest farming operations as reported in Israel. As of December 2021, the company operated an R&amp;D team in Israel and had a sales and operations team in the US. During the time, the company revealed plans to commercialize in the US in 2022, where they planned to work initially with corn and soybean farmers in the Midwest and to expand further across other states such as Dakota, Kansas, and Illinois in 2023.&nbsp;Key customers and partnershipsIn <a href="https://sp-edge.com/updates/29673">May 2024</a>, The company has partnered with farming equipment and service provider Boeck Seed Services to open its first dedicated dealership. This will make its technology more accessible to farmers in Nebraska and the surrounding states.In <a href="https://sp-edge.com/updates/15950">January 2023</a>, Farmers Business Network (FBN), one of the top farmer networks and e-commerce platforms in the US, and Greeneye Technology entered into a long-term strategic partnership to combine Greeneye's retrofit precision spraying systems with FBN's Precision Spraying Packs.&nbsp;Funding and financialsIn <a href="https://sp-edge.com/updates/28641">April 2024</a>, The company has raised USD 20 million in a funding round led by Deep Insight, with participation from existing investors Syngenta Group Ventures, JVP, Orbia Ventures, and Eyal Waldman, and new investors Iron Nation and Amol Deshpande.<a href="https://sp-edge.com/sectors/sustainability/updates/7493">In December 2021, </a>Greeneye raised USD 22 million in a Series A funding round led by Jerusalem Venture Partners(JVP). The funds are said to support the company’s expansion plans and werel also to be used to improve the company’s technology to accommodate more crops and inputs. Greeneye also planned to double its R&amp;D team in Israel and strengthen its existing operations in the US.

Providence Farm Collective is a non-profit organization cultivating farmer-led and community-rooted agriculture and food systems to address inequities in farmland and fresh-food access.

Greeneye utilizes Artificial Intelligence to disrupt the agricultural pest control process, transitioning from the current practice of broadcast and wasteful spraying to precise and selective spraying of herbicides. Greeneye developed a proprietary selective spraying (SPP) system that turns every sprayer into a smart machine with seamless integration,  Greeneye’s SSP system can detect weeds and spray them precisely in real-time, reducing up to 90% of herbicide usage.  Demo - https://www.youtube.com/watch?v=iCOuTemX_cc&feature=youtu.be Greeneye is a leading technology company with a focus in precision agriculture, established in 2017 and based in Tel-Aviv, Israel. Greeneye has a multidisciplinary team with expertise in computer vision, artificial intelligence, agronomy, mechanical engineering, spraying applications, etc. We work with an extraordinary group of talented and visionary people who are committed to provide sustainable solutions for farmers around the world.

Apex.AI specializes in developing operating systems for autonomous vehicles. Its software products are based on open-source software such as ROS or Eclipse iceoryx.

AGCO Corporation (AGCO) is a manufacturer and distributor of agricultural equipment and related replacement parts globally. The Company sells a range of agricultural equipment, including tractors, combines, self-propelled sprayers, hay tools, forage equipment and implements. It also manufactures and distributes grain storage and handling equipment systems, as well as protein production systems. Its products are recognized in the agricultural equipment industry and are marketed under a range of brands, including Challenger, Fendt, Massey Ferguson and Valtra. The Company distributes its products through a combination of approximately 3,100 independent dealers and distributors in more than 140 countries. In September 2013, Grain Systems, Inc. (GSI), a global brand of the Company announced that it has purchased Johnson System Inc. (JSI), manufacturer of catwalks, towers and support structures based in Marshall, Michigan.

<div> AGCO Corporation (NYSE: AGCO) is a global leader in the design, manufacture and distribution of agricultural machinery and precision ag technology. Founded in 1990 and headquartered in Duluth, Georgia, US, AGCO delivers farmer-focused solutions through its differentiated brand portfolio including core brands like Fendt, GSI, Massey Ferguson, PTx and Valtra. AGCO's product lineup includes: <ul> <li> Tractors </li> <li> Combine harvesters </li> <li> Hay and forage equipment </li> <li> Seeding and tillage implements </li> <li> Grain storage and protein production systems </li> <li> Precision agriculture technologies </li> <li> Replacement parts </li> </ul> The company serves farmers worldwide through a network of over 3,000 independent dealers and distributors in more than 140 countries. AGCO had net sales of approximately USD 14.4 billion in 2023. AGCO completed the formation of PTx Trimble, a joint venture with Trimble, in April 2024 to enhance its position in precision agriculture technologies. The company is also implementing a restructuring program announced in June 2024 to reduce costs and enhance efficiencies in response to softening market conditions. Additionally, AGCO launched FarmerCore in January 2024, a global initiative to revolutionize its sales and service distribution model by combining digital and physical elements to better serve farmers. </div>

TAFE gets interim injunction in Massey Ferguson brand dispute with AGCO

Start-ups providing smart machinery such as agricultural robots and autonomous tractors, as well as other smart hardware devices for crop and livestock management.

Operators of marketplaces connecting farmers, suppliers, buyers, experts and advisors to streamline the farming process.

Start-ups offering software and related hardware solutions for crop operation, crop modelling, weather forecasting, soil analysis, and overall irrigation management using sensors, big data, AI and machine learning.

Startups offering software and related hardware solutions that facilitate real time data tracking and sharing on animal weight, future weight forecasts, and animal health and behavioural analysis using RFID tags, sensors, big data, AI and machine learning.

Start-ups offering drone or satellite imagery to measure and monitor fields, spray pesticides, accurately present biological parameters, control the quality of sowing, etc.

Technology for a regenerative future in agriculture

Regenerative Agriculture Platforms

Platforms using IoT devices and machine-learning algorithms to measure and analyze soil carbon levels

Platforms using IoT devices and machine-learning algorithms to measure and analyze other key soil parameters, such as fertility, moisture content, temperature, and nutrient concentrations

Platforms providing farm planning, landscape designing, and consultation services to create awareness of the transition to regenerative agriculture

Platforms using AI and machine learning to monitor regenerative practices such as cover cropping, crop rotation, and no-till operations. Certain platforms also support farmers financially via carbon credits to adopt regenerative practices

Platforms supporting the process of promoting soil health through soil carbon removal (soil carbon sequestration) via photosynthesis or by employing live microalgae

Platforms connecting farmers, investors, resource providers, and other stakeholders related to regenerative agriculture

INCUMBENTS_PRESENT

<div>
 
 AGCO, a worldwide leader in the agricultural machinery and precision agricultural technology sectors, has finalized the sale of its Grain &amp; Protein business to America Industrial Partners (AIP) for a cash deal of approximately USD 700 million.
 The firm discloses that the profit will be applied towards debt repayment, technology investment and growth ventures. The company will also increase its concentration on its farming machinery and precision farming technology products, and reimburse capital to its contributors. This is in accordance with AGCO's capital distribution precedences.
 Morgan Stanley &amp; Co. LLC and Rabo Securities US, Inc. acted as economic advisors, while Simpson Thacher &amp; Bartlett LLP served as AGCO's legal advisor for this business deal.
 
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