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:
Wednesday 8th November, 9:30 am – 6:30 pm
Rowley Mile Conference Centre, Newmarket
Surviving and thriving under increasingly extreme and unpredictable challenges is the theme of the 2023 REAP conference. To build a productive, profitable and sustainable agri-food industry, we must move away from the comfort zone and become open to the new opportunities that exist when we ‘stretch’. Be a part of that future – bring yourself and your ideas to REAP.