News + Press / Press Release
Growers Edge Announces Partnership to Farmers Cooperative Society To Launch Innovative Sustainability-Based Crop Plan
Johnston, Iowa – September 16, 2021 — Growers Edge, a provider of data-driven financial technology (fintech) solutions for the agricultural industry, today announced a new warranty-backed Crop Plan that helps manage uncertainty for farmers adopting sustainable agricultural practices that benefit soil health, water quality, and long-term profitability. The first sustainability-focused Crop Plan will be offered in partnership with Sioux Center, Iowa-based Farmers Cooperative Society (FCS). As a part of its commitment to help farmers adopt sustainable practices, The Nature Conservancy is contributing support to the Crop Plan offerings that include the establishment of cover crops.
“We are excited to provide financial technology solutions that will help farmers confidently adopt new technologies and practices that benefit their soils, water quality, and nutrient management,” said Tracy Linbo, Chief Commercial Officer, Growers Edge. “Agricultural innovation is critical to solving some of the world’s most pressing challenges while improving soil health and protecting natural resources, but we must also ensure farmers are producing high yields and profits for their operations.”
Based on data and analytics, Growers Edge has developed a sustainability-focused Crop Plan using quality products and services sold by FCS. When farmers follow the specified agronomic practices for the FCS Innovation Assurance program, they receive a warranty-backed performance offer for added peace of mind and investment protection. The FCS Innovation Assurance offer is sold exclusively through FCS agronomists.
“Today’s farmers face an ever-growing list of demands. We’re excited to offer data-based solutions that allow them to minimize risk and financial exposure while they adopt new innovative products and utilize sustainable farming practices that will fit their fields and operations,” said Kris Norgaard, Senior Director of Agronomy, Farmers Coop Society.
Growers Edge partners with ag retailers and input manufacturers to deliver grower-relevant solutions to meet the industry’s ever-changing demands. In 2020, the company closed a $40M Series B round of financing that will help speed the introduction of Crop Plan offers and deploy its financial services platform.
About Farmers Cooperative Society:
Farmers Cooperative Society (FCS) was founded in 1907 in Sioux Center, Iowa, as a member-owned ag co-op to maximize local growers’ resources and ability to purchase goods and services for their farm and livestock operations. Today, FCS has locations in Iowa, South Dakota, and Minnesota and has become a leader in offering innovative and professional ag solutions for our members.
About The Nature Conservancy:
The Nature Conservancy is a global conservation organization dedicated to conserving the lands and waters on which all life depends. Guided by science, we create innovative, on-the-ground solutions to our world’s toughest challenges so that nature and people can thrive together. We are tackling climate change, conserving lands, waters, and oceans at an unprecedented scale, providing food and water sustainably, and helping make cities more sustainable. Working in 72 countries, we use a collaborative approach that engages local communities, governments, the private sector, and other partners.
Source: Growers Edge
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