Farm Startups Bent on Shaking Up Cargill and ADM Are Floundering [BNN Bloomberg (Canada)]
CNH Industrial N.V. Common Shares (CNH)
US:NYSE Investor Relations:
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Company Research
Source: BNN Bloomberg
Indigo Ag Inc., once a marketplace for trading and shipping grain, has cut jobs and shrunk its business. Farmers Edge Inc. was taken private at a tiny fraction of its initial public offering. Gro Intelligence, named by Time magazine as one of the 100 Most Influential Companies, is shutting down, according to a person familiar with the matter. The mistake for many of these newcomers: thinking they could easily apply the Silicon Valley playbook to the world of farming. “How many farmers do you see?” Matt Carstens, chief executive officer of Landus, Iowa's biggest farm cooperative, asked during a presentation at World Agri-Tech Innovation Summit in San Francisco in March. “We're all talking to ourselves. That's cool. But somebody's got to execute it on a farm.” The struggles show how difficult it is to change one of the world's oldest industries, especially during a downturn in the farm economy. The task is even more challenging as the traditional powerhouse operators are also agg
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