Are agtech startups just digital agribusinesses? Mark Kahn, Omnivore

Are agtech startups just digital agribusinesses? Mark Kahn, Omnivore

The term ‘agtech’ now encompasses so many different types of businesses and innovations, that from an investment perspective, it can look overly complex. However perhaps the opposite is true?

Mark Kahn, Managing Partner of Ominvore, shares his ‘agtech-agribusinesss convergence theory’; where agtech startups eventually grow to look like a more conventional agribusiness company. He argues that if an agtech startup can’t see a pathway to either becoming an agribusiness or at least complementing one, then it’s likely to fail. The recent agtech startup failures in animal protein and vertical farming are an example of this.

So what does this argument mean for venture capital, which is all about high growth potential, disruption, and of course, high risk? Are VCs likely to invest in startups which are going to become ‘just another agribusiness’? And does that even matter?

For important context, Mark Kahn is based in India, which has a vastly different investment landscape compared with western countries. India has an incredibly large agriculture economy, worth about $US600 - 700 billion, with about 50% of the Indian workforce employed in agriculture.  If you compare that with Australia, only 2.5% of the national workforce is involved in agriculture. In the United States, it's around 10%.

Mark and Sarah discuss:

  • Omnivore’s investment thesis and how it has evolved over time to focus on food security, agricultural prosperity, resource efficiency & rural resilience
  • The unique agtech investment conditions in India and how it compares with markets in western countries such as the US, Canada, and Australia
  • Whether we are starting to see a global uptick in agtech investment
  • Why Mark believes there is an agtech-agribusiness convergence
  • How the Indian agtech market can be overlooked by western investors, because they do not take the time to understand it

USEFUL LINKS:

For more information and resources, visit our website.

The information in this post is not investment advice or a recommendation to invest. It is general information only and does not take into account your investment objectives, financial situation or needs. Before making an investment decision you should seek financial advice from a professional financial adviser. Whilst we believe the information is correct, we provide no warranty of accuracy, reliability or completeness.

Avsnitt(194)

Episode 28: Mark Mortimer

Episode 28: Mark Mortimer

As a child Mark Mortimer didn't like computers. It's a different story now - Mark has evolved to become an early adopter of technology in the field of sheep genetics and stud breeding in Australia. Computers have changed his livelihood. Mark speaks with Sarah Nolet from his farm office at Albert near Tullamore in Central West New South Wales, Australia. It's a family farming partnership with his father and brother and it's Mark's job to look after the businesses genetics, so sheep genetics, embryo's and semen for clients. He see's it as his responsibility to stay at the cutting edge of the industry, genetically. You can find Mark on Twitter @sheepGeekCP

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Episode 27: Carl Lippert - FeedX

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Carl Lippert is a American dairy farmer and AgTech developer. He's one of the only people I know who has qualifications in dairy science and computer science. Right now Carl is busy as the co-founder of new Ag Tech company FeedX which will become an app for US dairy farmers. It will be a one-stop shop where farmers can calculate, source and deliver feed from paddock to farm. The platform is a partnership of 2 startup's in the animal feed space, Carl's FeedMNGR app and e-commerce marketplace feedforless.com and will include additional aspects to help farmer and suppliers source and buy feed. They describe it as, 'a holistic set of solutions designed to increase efficiencies in how farmers and feed manufacturers interact to create a win-win scenario'. Carl will be pitching their work at the US based Farmers Business Network Farmer2Farmer conference. Find Carl on Twitter @CarlLippert and @feed_mngr Learn more about Carl on LinkedIn

10 Dec 201847min

Episode 26: Chris McLoughlin - Mycelia Organics

Episode 26: Chris McLoughlin - Mycelia Organics

Chris McLoughlin, organic mushroom farmer, Mycelia Organics Chris McLoughlin's forae into farming is a great example of a new generation of investor backed agricultural innovation. Chris has always had a fascination with soil, dirt and technology and his organic mushroom operation, Mycelia Organics is a mixed of all these things. With a whole lot of self education on the internet, including some online courses he has taught himself how to operate an organic farm that answers what supermarkets and consumers want. Chris tells Sarah Nolet he didn't necessarily have a specific hankering to buy a mushroom farm but when the opportunity presented itself, with investor backing, Chris jumped at it. In the space of three years since the inception of his company, Mycelia Organics has become the largest organic mushroom farming company in Australia and Chris supplies 90% of the market and sells to more than 600 retailers as well as major supermarkets. Chris on Twitter Mycelia Organics website Chris on LinkedIn

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Season Two Teaser

Season Two Teaser

4 Dec 20181min

More Soon

More Soon

Just a quick note to say we will be back soon with more great episodes and amazing guests

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Episode 25 : Dr Jaci Brown : On The Weather And Researchers Working With Agtech Startups.

Episode 25 : Dr Jaci Brown : On The Weather And Researchers Working With Agtech Startups.

Dr Jaci Brown is a Senior Research Scientist at CSIRO, and an expert in weather and climate science.

18 Juni 201824min

Episode 24- Brooke Sauer On Closing The Gap Between Growers, Agronomists And Technology

Episode 24- Brooke Sauer On Closing The Gap Between Growers, Agronomists And Technology

Brooke Sauer is on a mission to close the gap between growers, agronomists, and technologies. Brooke is a digital agriculture manager at McGregor Goulay, an agricultural services company that offers cropping inputs, agronomic services and, increasingly, digital ag solutions. Although Brooke's background is in agricultural genetics, she is rapidly becoming an expert in precision agriculture, as she supports farmers to explore and adopt precision agriculture tools. In talking to Brooke on this episode, it's clear that she cares a lot about her farmers. She knows just how important it is to build personal relationships in the world of AgTech. In this episode, we explore the significance of people skills in an industry that can sometimes be too focused on flashy technologies. We also talk a lot about adoption precision ag technologies, Brooke's journey with drones, and her experience of working with startups, including: an honest story about drone usage, and how Brooke encourages startups and farmers to be more focused on the data, rather than the machines how important farmers' confidence is in the adoption and success of precision ag technology the ups and downs of working with fast-paced, high-energy startups how Brooke exercises interpersonal skills on a daily basis to build trust with growers

6 Juni 201839min

Episode 23 - Allison Kopf On Redefining What It Means To Farm

Episode 23 - Allison Kopf On Redefining What It Means To Farm

Episode 23 - Allison Kopf on redefining what it means to farm

30 Maj 201846min

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