The move is the latest in a series of milestones reached by Growers Edge. The firm acquired Agcor, an agricultural lending software, at the end of 2024 and in January revealed its Crop Plan Warranty product covered 1 million acres in January. The company also announced a $25 million funding round in April.
″Our acquisition of Agcor brought a deep, lender-focused land valuation engine into the fold. Now, with FarmTest, we’re adding powerful, field-level performance validation capabilities,″ said Matt Hansen, CEO at Growers Edge. ″We’re the only company developing new financial tools backed by this level of agronomic data, and we’re now another step closer to building a fully connected fintech platform for the agricultural industry.″
The FarmTest acquisition will help agricultural retailers and manufacturers quickly design, execute, and analyze field trials that strengthen the agronomic foundation of their warranties. By making it easier to validate product performance under real-world conditions, Growers Edge further deepens the dataset underpinning its signature Crop Plan Warranty product.
″FarmTest solidifies the foundation of our warranty products by enhancing how we script, execute, and analyze field trials,″ said Ahraz Husain, Chief Innovation Officer at Growers Edge. ″Together, we’ll empower manufacturers and retailers to meet a growing demand for field-proven products while improving profitability and performance in agriculture.″
As the only company merging innovative financial instruments with precision agronomic data, Growers Edge will leverage FarmTest technology to help retailers and manufacturers conduct randomized plot and strip trials that validate product performance at both field and regional levels.
″FarmTest’s tools make it easy to gather in-field performance data on any ag input that can be applied using a variable rate prescription, and for any crop with GPS-enabled yield monitors,″ said Cizek. ″By partnering with the Growers Edge team, we’ll continue to scale accessible, outcome-based agriculture solutions that reduce risk for farmers, retailers, and manufacturers.″
A financial tool that retailers and manufacturers can attach to any product, bundle of products, or whole-acre prescription, the Crop Plan Warranty from Growers Edge provides downside protection for hundreds of growers, four of the top ten agricultural retailers, and over 1 million acres of farmland in the United States.
