June 28, 2015

Wade Barnes

Founder, CEO and President

Farmer’s Edge

Listen to the interview here.   

By Sarah Day Levesque

Despite the emergence of investment in precision ag in 2014, deals in precision ag accounted for 30% of all agtech deals in 2014 but only 12% of capital invested in agtech. And while the average precision ag investment was relatively small at $1.15 million and most deals were in early stage opportunities, Canadian-based precision ag firm, Farmer’s Edge stands out as a later stage precision ag company that has captured the attention of major investors.

With a focus on providing a complete solution to the farmer using a comprehensive platform that utilizes agronomy, hardware and software, Farmer’s Edge has experienced strong growth since the company was founded 10 years ago. Acreage has expanded from 25,000 acres to close to 4 million acres with a global presence in Canada, United States, South America, Russia, Eastern Europe and Australia.

The company has had an active past nine months, as well, with major investments from Kleiner Perkins Caufield & Byers’ Green Growth Fund, most recently from Mitsui & Co. and plans to announce another major investment very soon.

Global AgInvesting had the opportunity to sit down with Farmer’s Edge, founder, CEO and President, Wade Barnes, to discuss the 10-year journey the company has been on, where investments will be allocated, plans for expansion and what keeps Barnes up at night.

Listen to the interview here.   

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