12/31/2023 0 Comments Touchdown ventures portfolio companies![]() CHS supplies energy, crop nutrients, seed, crop protection products, grain marketing services, production and agricultural services, animal nutrition products, foods and food ingredients, and risk management services. Diversified in energy, agronomy, grains and foods, CHS is committed to creating connections to empower agriculture, helping its farmer-owners, customers and other stakeholders grow their businesses through its domestic and global operations. ( is a leading global agribusiness owned by farmers, ranchers and cooperatives across the United States. ![]() More information is available at .ĬHS Inc. Headquartered in Bloomington, Ill., Growmark owns the FS trademark, which is used by its member cooperatives. Growmark is an agricultural cooperative serving almost 400,000 customers across North America, providing agronomy, energy, facility engineering and construction, and logistics products and services, as well as grain marketing and risk management services. Paul, Minn., with management assistance from Touchdown Ventures. Cooperative Ventures is comprised of teams based out of Bloomington, Ill., and St. CHS and Growmark leverage their industry expertise and farmgate network to provide valuable operational support and resources to help Cooperative Ventures' portfolio companies grow and succeed. In addition to providing capital, Cooperative Ventures is committed to developing mutually beneficial commercial relationships between startups and farmer-owned cooperative partners. The fund focuses on innovative solutions and emerging technologies that positively impact farming. This first investment by Cooperative Ventures is aligned with the capital fund's core investment areas, or "Fields of Play," to maximize the impact of each investment: crop production, supply chain, farm business enablement and sustainability.Ĭooperative Ventures is a venture capital fund founded in late 2021 as a joint venture between CHS and Growmark, two of the largest farmer-owned agricultural supply cooperatives in North America. Given the vast network of customers and acres across Growmark and CHS, the path to autonomous field operations will certainly be accelerated," remarked Craig Rupp, the CEO of Sabanto. "Cooperative Ventures' investment is a testament to the importance of autonomy in the future of row crop agriculture. "This truly is an evolution of agriculture with the potential to lower equipment and labor costs for farmers and ag retailers by using smaller tractors that are more fuel efficient while further improving sustainability through less soil compaction." "While many autonomous equipment startups are focused on specialty crops, we believe Sabanto's focus on row crops presents a tremendous opportunity for farmers and our member owners," said CHS Director of Innovation and Sustainability Ben Van Straten. Already, Sabanto has proven its ability to automate a variety of row crop field operations, including planting, tillage, spraying and mowing over thousands of acres throughout the Midwest. Sabanto is currently focused on retrofitting 60- to 200-horsepower tractors to operate autonomously. By partnering with Sabanto, Growmark and our FS cooperatives have the advanced opportunity to test and learn the impacts of this cutting-edge technology." Autonomy presents an exciting solution, but adopting autonomous equipment creates a new set of challenges for traditional operations. "The labor shortage in ag retail is a very real problem. This cookie is set by Facebook to display advertisements when either on Facebook or on a digital platform powered by Facebook advertising, after visiting the website."We're very enthusiastic about the strategic benefits presented by the Sabanto investment," said Growmark Director of Innovation Heather Thompson. YouTube sets this cookie to store the video preferences of the user using embedded YouTube video. YSC cookie is set by Youtube and is used to track the views of embedded videos on Youtube pages. Cookieįacebook sets this cookie to show relevant advertisements to users by tracking user behaviour across the web, on sites that have Facebook pixel or Facebook social plugin.Ī cookie set by YouTube to measure bandwidth that determines whether the user gets the new or old player interface. These cookies track visitors across websites and collect information to provide customized ads. Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |