Ag deals in real things
- By: "Farm Tender" News
- Farm Tender, DelayPay & Farm Inputs
- Jun 19, 2023
- 719 views
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By Dwain Duxson
Ag deals in real things - The Ag Tech space in the US is copping a battering ATM. What were once valuable and heavily invested in companies are now unloved because they are not profitable and don't solve any problems. Some of them are very high profile.
For me, if you want to be successful in the Ag Tech space, you have to be involved in real things, things that Farmers buy and sell. By that, I mean Commodities, Livestock, Machinery & Equipment, Farm Inputs etc.
An example would be FBN, a US start-up that has taken more than 1 billion in VC funding. They were a data company originally, not very real, and no money in it. However, they worked it out quickly, got into the Farm Inputs game (real things) and are going along pretty good now (in the US, anyway).
That's why Ag Tech companies that build real things or software for real things will survive and thrive.
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