Agriculture venture capital investment was an outlier in 2023, as it increased slightly over 2022, according to the Canadian Venture Capital Association (CVCA). However, that news belied pessimism on the state of ag tech at the recent Agri Tech Venture Forum in Toronto. The forum heard that the availability of capital for agriculture technology entrepreneurs has dried up significantly compared to the heady days of investment growth during the pandemic years.
Tag Archives agribusiness
Ag tech venture capital stays on sidelines
Entrepreneurs need patience, more plan to achieve profitability to unlock investment
Opinion: Mindset is a tool that we can leverage
How a growth rather than fixed mindset can help fuel the agriculture sector’s growth
I love talking about the generational differences within the agriculture and food sector. I had some eye-opening conversations when I spoke to a number of farmers last fall for Country […] Read more
Paterson buys out P&H’s share of Alliance Seed
Alliance Seed's operations won't be effected the companies said
Paterson Grain has bought out Parrish & Heimbecker's (P&H) share in Alliance Seed Corporation, the companies announced Dec. 8.
Activists target Ontario hog farm with ransomware
'We are dealing with adversaries whose motivation is not money'
A ransomware on a small Ontario hog business is something a cybersecurity expert says needs more attention from the agriculture industry. Instead of cash, the attackers demanded the hog business […] Read more
U.S. ag businesses want Biden to allow more investment in Cuba
Canadian investment 'significant' in Cuban business
Havana | Reuters — U.S. agribusinesses, on a trade tour in Cuba, said on Tuesday they were “losing” in their bid to boost commerce with Cuban farmers and called on […] Read more
Rabobank to offer Canadian farm-level lending
Dutch co-operative bank's Canadian arm to loan directly to farmers, starting on Prairies
Updated — A global financing firm operating at higher altitudes in Canada’s food and agrifood sector now plans to expand its business down to the farm and ranch level. The […] Read more
U.S. extends COVID vaccine requirements for non-citizens at land borders
U.S. agribusinesses still seeking exemptions for cross-border truckers
Washington | Reuters — The United States government said Thursday it’s extending a requirement that non-U.S. citizens crossing land or ferry terminals at the U.S.-Canada and U.S.-Mexico borders must be […] Read more
The Andersons to pay debt, invest in core units after rail business sale
Renewable fuels, specialty foods investments considered
Chicago | Reuters — U.S. grain handler The Andersons plans to use US$550 million from the sale of its rail leasing business to pay down debt and invest in sustainable […] Read more
Ex-Viterra chief Schmidt named Nutrien’s new CEO
Chuck Magro stepping down for 'new opportunities'
Canadian fertilizer and ag retail giant Nutrien has tapped a familiar name in agribusiness to lead the company, as the CEO it’s had since birth steps aside. Saskatoon-based Nutrien said […] Read more
Telus’ farm and food sector acquisitions take new shape
Canadian telco giant launches new Telus Agriculture unit
Canadian telco and info tech giant Telus has consolidated its recent — and ongoing — acquisitions in farm tech, ag data management and supply chain management into a single new […] Read more
Cyber-Savvy Farmer
