FarmLab

FarmLab is an Australia-based agritech company that provides digital solutions for soil sampling and analysis in agriculture. Founded in 2016, the company offers a platform that enables farmers, agronomists, and project developers to streamline soil testing processes and manage soil data effectively. FarmLab's technology integrates with soil testing laboratories to simplify environmental testing and reduce sample collection costs. The platform supports the processing and modeling of environmental data, including soil carbon, water content, nutrient availability, and cover crop quality and diversity. As of June 2022, FarmLab's platform covered more than 700 farms across approximately 700,000 hectares of agricultural land in Australia.

The company's core offering includes a mobile app that allows users to sample, analyze, and map soil information using advanced soil science and digital soil mapping techniques. FarmLab also developed the Soil Carbon Offset Report (SCOR) in collaboration with CiboLabs and CSIRO, which estimates a farmer's eligibility for carbon credits based on land and farming practices. Additionally, the company offers a Soil Carbon Services Pack, designed to provide agronomists with tools to manage soil carbon projects and assist in soil management for productivity and carbon sequestration.

Key customers and partnerships

FarmLab has established partnerships with several organizations to enhance its services and expand its reach. In June 2023, the company partnered with Regrow Ag to streamline soil sampling and integration of results for Measurement, Reporting, and Verification (MRV) customers. This collaboration aims to simplify the soil sampling process for carbon farming projects and ensure compliance with emissions accounting protocols.

In March 2022, FarmLab announced a partnership with VRM Biologik, an Australian biotech company, to help regenerate farmland in the US. The partnership began with pilot projects in Colorado, utilizing FarmLab's data-tracking capabilities to map and analyze the impact of VRM Biologik's soil enhancement technologies.

FarmLab is also involved in a USD 4.3 million two-year research project led by the University of Queensland, which aims to advance soil carbon measurement technology and reduce the cost of baselining a farm's soil carbon. The project encompasses 430 farms and 15,000 soil samples across Australia. FarmLab has gained interest from voluntary market brokers, such as B Carbon, to provide participating farmers with options to engage in high-integrity environmental projects.