Money-back warranty for farmers deploying agtech

Growers Edge Financial and Arva Intelligence announced a strategic partnership to help farmers become more efficient and profitable. The companies aim to deliver data-backed solutions that remove the financial risk of deploying new technologies. Arva and Growers Edge will jointly create a proprietary ag input warranty program for growers in the Arva network.

Boost sustainability and profitability

“The ag ecosystem is more cash-strapped and risk averse than ever. Growers need assurance that the new crop input or digital ag technology they are considering will not only work in their fields, but will also boost sustainability and profitability,” said Dan Cosgrove, CEO of Growers Edge.

Product warranty for select crop inputs and new ag technologies

Kicking off the partnership with pilots at five farms across the United States as well as the Arva Research Farm, Growers Edge and Arva will use the resulting data to create a product warranty for select crop inputs and new ag technologies.

The combined power of ArvaPY, Arva’s machine learning platform, and the Growers Edge Growers Analytic Prediction System (GAPS), an artificial intelligence platform, is to remove the guesswork for farmers.

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Farmer setting up his sprayer with a prescription map. By offering cash-back warranties, Growers Edge and Arva Intelligence aim to remove some of the financial risks that keep growers from adopting new technologies and new crop inputs. – Photo: Peter Roek

Money-back warranty

When farmers follow the specified agronomic practices from the Arva platform, they are assured performance improvements backed by a money-back warranty administrated by Growers Edge.

According to Jay McEntire, CEO of Arva Intelligence, the goal of the partnership is to remove some of the financial risks that keep growers from adopting new technologies and new crop inputs.