Agtelligence to provide financial institutes with a ‘sustainability rating’ for arable land
Providing evidence of best environmental practice ‘when the computer decides’ is currently difficult to do for farmers. A new tool, ‘FarmScore’, from Agtelligence aims to distil this complexity into a simple score that can be used by banks, financial institutes, and funding agencies to quickly benchmark progress against sustainability metrics.
Nima Eskandari, Chief Executive Officer at Agtelligence, says:
“Many insurance companies currently reduce premiums for farms with additional security against theft; FarmScore would provide evidence of de-risking natural assets. We are currently in discussion with financial institutes about how they could better support farmers that have a good score. It could be a virtuous circle.”
Agtelligence was recently awarded funding through the UK Space Agency and will be showcasing FarmScore in the UK pavilion at COP28.
Find out more at www.agtelligence.space.
Screenshots of FarmScore:
REAP Conference 2023:
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