Growers Edge Acquires AQUAOSO Technologies to Help Lenders Better Evaluate Farmland Values and Climate Risks

• 全文链接

Growers Edge收购AQUASO Technologies，以帮助贷款人更好地评估农田价值和气候风险

关键词：

来源：

Growers Edge；Global Ag Tech Initiative；

全文链接：

//agri.nais.net.cn/topic/downloadFile/5a71b550-f552-45a3-9114-ee1eed441fad

来源地址：

https://www.globalagtechinitiative.com/digital-farming/analytics/growers-edge-acquires-aquaoso-technologies-to-help-lenders-better-evaluate-farmland-values-and-climate-risks/

资源所属：

农牧业信息化专题

类型：

前沿资讯

语种：

英语

原文发布日期：

2024-12-20

摘要：

Growers Edge, a financialtechnology firm that provides modern financial products and data-driven toolsfor agricultural retailers, manufacturers, and lenders, today announced theacquisition of AQUAOSO Technologies, which offers its services under the Agcorbrand and provides mapping, data, and analytics software for agriculturallenders.Many agricultural lendersundervalue weather, water, and climate risks in their financing decisions.Traditional land valuation methods don’t consider the impact of the worseningeffects of climate change, which can include unpredictable fluctuations in temperatureand precipitation that increase the frequency and range of droughts, floods,insects, weeds, and diseases.Agcor’s climate intelligencemodel, which uses location-based data to determine future impact of weather,water, and other climate events, helps lenders better understand climate risks.It’s part of a suite of software tools on the Agcor platform, which lenders useto streamline operations, better manage their portfolios, and build strongerrelationships with customers.Lenders, including Golden StateFarm Credit, American AgCredit, and MetLife, use Agcor’s technology to quicklyand accurately assess risk exposure and identify hidden revenue opportunitiesin their portfolios.Agcor improves the agriculturallending process by integrating loan, collateral, appraisal, sales, and otherlending data into a single source. Lenders use that data to evaluate andautomate loan decisioning, appraisal, and portfolio risk management processes.Together, Growers Edge and Agcor will empower financial institutions to makefaster, better-informed lending decisions.“The most accurate farmlandvaluations are backed by the most comprehensive data and realized bystreamlined ag lending processes,” said Matt Hansen, CEO of Growers Edge. “Aswe’ve built out advanced land valuation models at Growers Edge, Agcor hasdeveloped close partnerships with agricultural lenders by providing them withthe analytical tools they need to build trust-based relationships withborrowers. The combined dataset, analytics engine, and suite of software toolswill reshape the landscape of agricultural lending.”The acquisition marks anothermajor milestone for Growers Edge. Over the past 12 months, the company hasexpanded its RangeAg farmland valuation tool to cover 144 million acres or over50 percent of all federally-insured farmland in the US, partnered with firmslike Mondelez and PepsiCo to increase the adoption of environmentally friendlypractices, and supported a significant awardee of the EPA’s $14 billionNational Clean Investment Fund.“Agcor and Growers Edge share acommitment to unparalleled precision and efficiency in the farmland valuationspace,” said Chris Peacock, CEO of AQUAOSO Technologies. “As we integrate ourdata and analytics tools into their existing valuation models, we’ll develop amore powerful software suite for our current and future customers.”