News and Announcements
CropLogic Secures New Licence for Global Growth
- Published June 02, 2016 5:18PM UTC
- Publisher Wholesale Investor
- Categories Company Updates
2nd June 2016, Scoop
Precision agriculture firm CropLogic has signed an exclusive agreement with the New Zealand Institute of Plant & Food Research to expand the marketing of its patented technology to corn, wheat, soybean and cotton farmers in the United States.
The technology — developed over 30 years out of Plant & Food Research, a New Zealand Crown Research Institute, and guided and shaped for international markets by IP investor Powerhouse Ventures — enables growers using the firm’s predictive modelling systems to pinpoint the best times to apply nutrients and to conserve precious water for maximum plant yields.
Under an earlier agreement relating to potatoes, CropLogic has successfully created a predictive decision support system that has attracted some of the world’s top potato growers and processors in the most demanding regions in the world. Initial trials of the technology in the US, NZ, China, and Australia have indicated yield improvements of over 6% and substantial improvements in crop profitability. For a top-tier Idaho potato farmer that can amount to a 90% profit improvement.
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