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Be the first with the news that moves the market- Agricultural technology company Deveron (FARM) has added to its soil sampling data network in Canada and the United States
- The new hubs in Saskatchewan and Nebraska have increased capacity to up to 150,000 acres of soil sampling per season
- These increases will assist Deveron as it continues to develop a turnkey solution to increase soil sampling volume
- In related news, the company has added four more enterprise customers, which collectively service thousands of Canadian and US farms
- Deveron (FARM) is up 3.33 per cent and is currently trading at C$0.31 per share
Agricultural technology company Deveron (FARM) has added to its soil sampling data network in Canada and the United States.
Specifically, the company has added new hubs in Saskatchewan and Nebraska. These additions have increased the network’s capacity to up to 150,000 acres of soil sampling per season.
The increases will assist Deveron as it continues to develop a turnkey solution to increase soil sampling volume.
Meanwhile, the company’s sales team has been working to engage with new customers who want to leverage Deveron’s soil health improvement programs. Thus far, Deveron has added four new enterprise customers, which collectively service thousands of Canadian and US farms.
In addition to the company’s soil health solutions, the new customers might also show interest in Deveron’s additional analytic services.
Deveron’s President and CEO, David MacMillan, said the company looks forward to building value with new partners, and driving significant volume growth in soil sampling and analytical offerings.
“We believe that many of the best practices in agriculture do not get utilised because they are cost-prohibitive and difficult to manage at scale across significant and diverse geographies.
“By building a network of soil sampling technicians focusing on consistent, timely, and repeatable soil sampling for agribusiness, we believe farmers can benefit from economies of scale and will sample more, ask more questions about how they are applying inputs, and ultimately want more digital recommendations in terms of how to improve yield and reduce costs on the farm.
“Today marks a significant step forward for our team in our goal to improve soil health by expanding into a combined market of 58.9 million acres,” he said.
Deveron (FARM) is up 3.33 per cent and is trading at C$0.31 per share at 1:34pm EDT.
