Open innovation in a time of COVID-19

Agri-TechE Blog
Agri-TechE

“Necessity is the mother of invention,” according to Greek philosopher Plato, and never have we had more need of invention and innovation than in the middle of a global pandemic. Suddenly, food and healthcare systems are under unprecedented pressure, global supply chains are hugely disrupted, and business models are pivoting to offer new services or technologies to different customers.
Agri-TechE has long been an advocate of  “open innovation” (OI) and encourages the development of “porous” R&D pipelines. While still on the trajectory of bringing new core technologies, tools or services towards market, OI creates an environment that enables some organisations to absorb novel concepts or technologies from outside the company or sector, and others to push out new ideas for collaborators to pick up and develop for their markets.

Access to a greater pool of ideas

The idea being that OI is faster, cheaper, more efficient and likely to yield better results through being able to access – and contribute to – a larger pool of ideas and expertise.
Key to successful OI are collaborative attitudes, agile business models, and a flexible mindset, understanding that a new idea or technology can emerge from left field and change the game. And accepting that maybe we “don’t know what we don’t know” and being willing to seek answers and insights elsewhere.
OI took a while to get embedded in agri-tech. As we have discussed before, the pharmaceutical industry is an example of an industry more advanced in its adoption of a more open approach to its partnerships and collaborations around innovation. But agri-tech is fast catching up.
So how can we keep up the momentum in a time of lockdown and social distancing?
News reports about the COVID-19 pandemic almost daily reveal new collaborations (between companies, utility providers, government and the third sector). We’ve certainly also seen agility in business models, with growers and wholesalers selling food directly to the public to fill the current gap left by the food service sector and automotive and aerospace companies pivoting their production lines to make ventilators. Norwich Research Park is using their specialist expertise and 3D printing equipment to produce Protective Personal Equipment such as face masks.
A recent webinar hosted by the Lincoln Institute for Agricultural Technologies revealed a major appetite among companies new to agriculture to apply their expertise in robotics and engineering and potentially find fresh opportunities for furloughed staff.
Companies who have traditionally been “competitors” are now working together around a common challenge – in this case, COVID-19 – but it shows the potential is there and must be harnessed post-pandemic.
COVID-19 has also revealed that it is possible to activate much-needed flexibility and agility of working between government, academia and industry, as well as the pivoting of production lines and business models. All Mission Critical at a time of emergency, but also highly relevant for effective working in open innovation.

Also role for enablers of innovation

Finally, a word about the enablers of innovation. Technologies don’t exist in isolation. Appropriate and agile regulation, safety testing, certification, protection of intellectual property and training are all needed for new ideas to reach commercial reality. For open innovation to have an early impact these enablers all need to stay equally as fleet of foot and agile as the technology develops at pace.
We hear a lot about the lessons we are learning due to COVID-19. How we will hopefully emerge from the pandemic with a greater appreciation for our agri-food and healthcare systems, for the planet and for each other.
Let’s hope the fantastic examples of rapid, effective, multi-disciplinary open innovation are another positive legacy of COVID-19.
Examples of Agri-TechE members’ responses to the coronavirus pandemic can be found here.

Uncertainty in food supply fast tracks innovation in agricultural automation

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Agri-TechE

The COVID-19 crisis has shown the fragility of food supply chains. It has also accelerated the labour challenges for the agricultural industry predicted for the UK post-BREXIT. Both these elements have generated interest and a sense of urgency for new methods of automating agricultural processes.

After the Brexit vote of 2016 the agricultural industry had seen the initial impact of restricting freedom of movement for agricultural labour. The lockdown has exacerbated this and brought the issue to a head.
In addition, the unprecedented situation has created chaos in the supply-chains:

  • Consumer buying behaviour has radically changed with less fruit and vegetables being purchased and more ‘stock cupboard essentials’
  • The food service sector has collapsed as demand for ‘food on the go’ and restaurants ceased overnight
  • Supermarket predictions of supply and demand have been disrupted as computerised systems try to apply algorithms not developed for the current situation
  • Lack of understanding of the whole picture and the implications has led to ‘politicising’ shortages, adding further complications to the system.

Labour and supply-chain management are driving a need for improved automation of the industry. To address this an initial webinar on ‘Accelerating Automation’ was hosted by the University of Lincoln on 9th April, attracting over 80 participants, each offering different perspectives on the challenge facing the industry, together with potential solutions. Professor Simon Pearson, Director of LIAT/Professor of Agri-Food Technology at Lincoln Institute for Agri-Food Technology (LIAT) comments: “The industry knew there would be a problem in the event of Brexit but it has become a real problem now.
“Even encouraging people into the fields is not a workable solution; the job requires physical stamina, motivation and an efficient technique. One producer commented that while an average 20-year-old would last a few hours’ celery harvesting, a 50-year-old Estonian mother of four with years of experience could keep going all day. There is also the problem of uncertainty when casual labour is used – there is no guarantee they will turn up if they get a better offer elsewhere.” Simon considers that an alternative to manual labour is required: “What is urgently needed is new methods of automation and now there is a clear recognition of the challenge and the opportunity.”
Participants of the webinar included:

  • Growers and producers of fresh produce
  • SMEs involved in automation, ie robotics companies
  • Established companies that are already using robotics within the fixed environment for example automotive engineering or for clearly defined roles in the outside such as robotic grass cutting at airports

The conclusion: the opportunity is three-fold:

  • Assess the availability of ‘off-the-shelf’ equipment that with investment and effort could be viable
  • Repurpose existing kit that has been developed for a different purpose
  • Invest in emerging agri-tech to fast-track promising solutions

The limiting factors and potential solutions

  • Fast track funding – many of the SMEs currently working in agri-tech robotics are vulnerable. Releasing funds quickly would enable these organisations to accelerate developments and to collaborate.
  • Lack of engineers and skills – although robotics is a new technology in agriculture the discussion revealed that there is a wealth of expertise in robotics in other industries – notably automotive engineering – and many of these skilled engineers have been furloughed.
  • Lack of evaluation sites – the SMEs have been struggling to find real-world sites to pilot and test the technology. Input from producers suggests that produce is being dumped, as it could not be harvested, creating an opportunity for testing technology at low risk to the producers.
  • Lack of capital to scale – the step from prototype to working product and then manufacture requires long-term finance. The robotics industry has struggled to find this commitment. Anecdotal evidence suggests that while many angels are unable to expose themselves to further risk, some VCs and banks do view this as a potential ‘quick win’ with an exit possible in four years.
  • Delay in IP protection – many SME robotics companies have in the past been unwilling to collaborate as IP protection takes years. However this may change as some IP attorneys are investigating a possible fast-track response.

Simon Pearson comments that the first webinar showed that there was appetite for collaboration across the industry and potential for government funding. He is currently preparing a bid for funding and also looking to a distributed model for progressing some of the projects.
As part of this the collaboration has invited contributions from others with an interest in this area.

Call to action – Accelerating Automation of Agriculture needs

Experienced robotics and data management engineers interested in applying their skills to agri-tech automation

Simon comments: “There is a huge resource out there of engineers that have been furloughed and might be interested in exploring the challenge of applying their knowledge to agriculture. We are thinking of some type of distributed development project that these people could contribute to.”

People with knowledge of verification, health and safety for the use of AI and robotics in the real world

Many industries have already overcome the issues that those in the agricultural sector are just facing now. Rather than reinvent the wheel it would be possible to adapt those learnings into agri-tech to accelerate adoption of the technology into the field.

IP lawyers and regulators able to facilitate freedom to operate and to fast-track collaboration between SMEs

Simplifying the legal system so that a pragmatic solution is created that protects IP while enabling collaborative working between academic institutions, SMEs and large corporations is vital for Open Innovation that is commercially viable.

Financial support for scale-up

Any solution needs to be feasible in the real world, so funding is needed immediately to ensure the viability of the existing agri-tech robotics companies and long-term funding is required to ensure that these developments move out of the lab into the field and beyond. If you are able to contribute any of the above please get in touch.

Geobotanics crop yield prediction system offered free during COVID-19 crisis

Agri-TechE Article
Agri-TechE

To help suppliers provide more accurate crop yield prediction Mantle Labs, in collaboration with Agri-EPI Centre,  is offering its unique ‘Geobotanics’ platform to retailers and others involved in the supply chain, free-of-charge for a period of three months.
Geobotanics is an Artificial Intelligence (AI) based platform that mixes imagery from multiple satellites to assess current agricultural conditions and provides early warning of potential supply issues.  The platform works seamlessly even in cloudy conditions to give a clear indication of potential problem hotspots around the country and provide projected crop yields. Jon Pierre, Mantle Labs’ Chief Business Officer, said: “The information provided by our dashboard can be factored into retailers’ procurement and inventory planning. They can work closely with their supplier farmers to tackle problem spots early, determine if issues can be remedied and therefore provide additional resilience and certainty to supply chains of individual items. Government departments can utilise the platform to flag issues relating to national food security.
“Analysis can be farm-level, regional and country level; thereby allowing for constant monitoring and forward planning for a variety of procured produce.”

Crop yield prediction

The Geobotanics platform identifies all standing crops on the ground and indicates crop health for all fields including any anomalies likely to impact the production. The total acreage under cultivation by crop type can be quickly accessed which helps in identifying any shortfall in production at a very early stage. The platform also identifies fallow land, allowing decisions to be taken to bring this under immediate cultivation to fill the gaps in overall demand.
Dave Ross, Chief Executive of Agri-EPI Centre, said:  “Innovation and collaboration are vital to identifying solutions to the issue of potential supply chain disruption and we are doing all we can to support our members, working with Mantle Labs and Amazon Web Services to deliver this offer to retailers and UK Government.”
The recent surge in consumer demand and potential trade disruptions caused by the virus pose a real threat to uninterrupted food supply. To avoid this, retailers, supermarkets, food processors and government departments need to have visibility of what is happening across UK agriculture and be able to quickly monitor food supply chains for forward planning. The Geobotanics platform runs on Amazon Web Services (AWS), which enables Mantle Labs to scale its platform quickly and easily to analyse very large volumes of high resolution crop satellite imagery across large surface areas.
Those interested in discussing this opportunity with Mantle Labs should in the first instance contact Agri-EPI Centre Project Manager, Freddie Reed.

UEA launch project to 3D print ventilator parts and masks

Agri-TechE Article
Agri-TechE

Researchers at the University of East Anglia have launched a project to 3D print ventilator parts, masks and other critical equipment to battle the Covid-19 virus.

Project lead Dr Aram Saeed, from UEA’s School of Pharmacy, said: “It is absolutely vital that universities join forces with healthcare providers and businesses to find creative solutions to fight Covid-19.
“We need disruptive technology to expedite the process of designing and developing key ventilator parts, and we hope to connect with other universities and expertise around the globe.
“It’s still very early days for this project, but the response so far has been amazing. We have a fantastic team of researchers and PhD students working on this, and we will be using our academic networks to help solve the problem.”
The team are looking to collaborate with people with software skills – particularly Solidworks for CAD design, and those trained in 3D scanners and conversion of files to STIL files (printable version).
They are also looking for printers – specifically Fused Deposition Modeling (FMD), that uses thermoplastic filaments, brands Makerbot or similar, and SLA types printers which use liquid resins.
The scope of the project may move into re-purposing or reconfiguring existing ventilators, rapidly developing new ventilators and producing other medical supplies such as PEEP valves and face shields.
Dr Saeed said: “Right now we need help with software, hardware, medical product design, and product testing. We may also need support from engineering sectors for flow sensors, pneumatic units and data processing monitors.”
The team are already collaborating with SyncNorwich (the local tech community) and the Norfolk and Norwich University Hospital.
The initiative is one of many being undertaken at UEA to help the NHS in their fight against the new coronavirus.
Dr Justin O’Grady, from UEA’s Norwich Medical School, is pioneering a portable coronavirus kit which could be rolled out to test NHS staff in weeks. The test would provide a result, displayed on a smartphone, in just 50 minutes after taking a throat swab.
Meanwhile technicians at UEA’s New Science Building have been using the facilities to make hand sanitiser gel, and they have already begun distribution to the NHS in Norfolk and beyond.
If you would like to get involved with this project, please email business@uea.ac.uk.

Barclays Eagle Labs providing support and guidance for businesses

Agri-TechE Article
Agri-TechE

Barclays Eagle Labs has launched a support site ‘resilience hub’ to provide start-ups with virtual events, content and tools in these challenging times.
Their programme of free virtual events cover a range of topics from cashflow management to building resilience to help entrepreneurs and start-ups navigate these uncertain times.
The help articles as part of the resilience hub not only includes extensive advice and guidance for businesses – from communication and marketing to finance and security – but also for individual wellness, such as stress management, motivation and mindfulness.
The resilience hub also includes the latest news on government support, economic impact and other business-focused coronavirus news.
Take a look at the Barclays Eagle Labs resilience hub here.

Satellite Applications Catapult signposts support for early-stage companies

Agri-TechE Article
Agri-TechE

To support SMEs, start-ups, and other small businesses working in the space industry, the Satellite Applications Catapult is compiling details of support available during this difficult time.
It is also producing, in partnership with UK Space Agency,  Department for International Trade , UKspace, , European Space Agency, ADS and the Satellite Finance Network, a fortnightly COVID-19 Webinar, which will provide an update on how UK space sector companies and academia are being impacted by the pandemic, as well as the latest advice, information and resources available.
This provides an opportunity to engage directly with senior leadership from government and industry and to share how COVID-19 is impacting your organisation.
See details of the coronovirus resources and support identified by the Satellite Applications Catapult here.
 

Remote monitoring provides alternative to field visits

Agri-TechE Article
Agri-TechE

Demand for remote field monitoring has increased following the Coronavirus outbreak, reports Metos, a UK-based brand of wireless, solar powered monitoring systems.
Gottfried Pessl, President and Founder of Pessl Instruments, parent company of Metos, explains: “Every trip to the field costs time and money, but during the coronavirus outbreak it may be impossible to check on all crops. Remote field monitoring systems allow farmers and agronomists to reduce field visits to only when they are really necessary.
“We are already receiving an increase in orders. For example, large tomato growers in the US and Turkey want to install more soil moisture monitoring systems, alongside remote monitoring of insects, climatic conditions, soil nutrition and workforce tracking.”

iMETOS LoRAIN
LoRAIN sensor from iMETOS

“Installing this equipment now will allow them to improve their risk management, while protecting the crop, the environment, their workers and continue to provide food to the population.”
In the UK, the Rural Payments Agency has paused farm inspections, while globally, the GLOBALG.A.P standards setting organisation has extended certificates for six months, because inspectors are unable to travel to farms to perform audits.
“I believe that in the future, permanent and mobile Internet of Things (IoT) solutions, such as remote monitoring, will help government and standards agencies collect some of the data they need to make sure the food we eat is safe, without needing to travel so frequently,” says Gottfried.
Metos produces a range of wireless, solar-powered, remote monitoring systems and an online platform, including weather stations, soil moisture systems, insect traps, crop growth cameras, portable soil and tissue laboratories, trackers of various kinds, and the relevant decision support software.
IoT technology has been available for the past 20 years, but has only been used by a small percentage of farmers.
“Installing such IoT technology on farms will help farmers and their agronomists to identify problems immediately, without needing to visit the field. In some cases, it may even provide greater accuracy than a visual inspection can reveal. Real-time alerts from weather stations allow farmers and consultants to make immediate decisions based on actual field weather conditions.”
Conveniently, METOS® IoT remote weather stations and sensors are very easy to install. So farmers can take advantage of the technology now, to help them manage their crops during the current Coronavirus lockdown, and in the future.

Produce Quality Centre Packaging Challenge

Member News
The views expressed in this Member News article are the author's own and do not necessarily represent those of Agri-TechE.

The PQC are coordinating a network of academic and commercial experts in materials science (recyclable and compostable plastics, biocomposites, edible coatings) supply chains and postharvest plant physiology. We are interested to hear from industry stakeholders, with an interest in the efficacy of films with varied recycled content and biodegradable films for fresh produce.

Gene boost in battle against black-grass

Research Digest
Agri-TechE

A new method[i], enabling the genetic alteration of Black-grass to understand how herbicide resistance develops, has been described as ‘game changing’ by the lead scientist, Dr Dana MacGregor of Rothamsted Research.
A Blight
Black-grass is the bane of winter cereal growers in the UK. Emerging in autumn, as many cereals are being drilled, the weed competes with the crop, cutting yield by around a tonne per hectare, in many cases[ii]. Eradication of black-grass before it sets seed is essential in order to prevent rapid colonisation in future seasons, which can lead to much more substantial losses.
Whilst many weeds can be eradicated with herbicide application, this is no longer an option for many farmers in the UK when it comes to black-grass. The pest has developed resistance to most of the formulas available for use on cereal crops, with UK farmers now increasingly switching to spring cropping to avoid the pest. Recent estimates suggest that total loss of herbicidal control over black-grass could reduce annual wheat yields in the UK by 3.4 million tonnes at a cost of £1 billion[iii].
Dr Dana MacGregor, who leads a black-grass research group at Rothamsted, says “To be able to design and deploy weed management strategies that are both effective and sustainable, we must first understand what allows them to avoid the current control practices.”

Genetic Breakthrough

In a first for science, Dr MacGregor’s team have managed to change gene expression in the plant via a plant-infecting virus. This approach, which was originally designed for use in crops, has allowed them to discover how genetic changes allow black-grass to become resistant to herbicides.
The technique first involves editing plant-infecting viruses so that they contain a gene of interest. The edited viruses are then used to infect the plant.
The viral infection can then lead to two different outcomes depending on the virus.
First outcome –  when plants normally fight viruses, plants actively remove any genetic material that has marks indicating it came from a virus. In fighting the virus that has been edited, the plant inadvertently reduces expression of the gene of interest at the same time. This prevents the plant proteins from being made.
Second outcome – while the virus is making copies of itself it uses the plant to create its own viral proteins. When the edited virus infects the plant, the gene of interest is also made into a protein and it can give the plant new or enhanced capabilities.
The team at Rothamsted used the first approach restore herbicide susceptibility to a resistant black-grass strain. Previous studies had hypothesised the gene was involved in metabolic resistance[iv], but the new technique provides direct proof. Inserting the resistance gene into the virus causes the plant to shut down all copies of the gene including its own – and thereby switch off its resistance to the herbicide. The team used two genes widely used in biology in the second approach to make black-grass fluoresce under UV light with the insertion of a gene from jellyfish or to survive lethal doses of a herbicide using another bacterial gene that renders the herbicide inactive.
Dr MacGregor says the research is a ‘game-changer’ for weed genetics. This approach is not designed to be used as a herbicide itself, but it could lead to the design of better herbicides in future. “These virus-mediated techniques allow us to bring black-grass into the lab and ask questions about how specific genes works like we have never been able to before.”
Rothamsted Research is a global leader in crop protection research, and one of the oldest agricultural institutes in the world. This work was supported by the Smart Crop Protection Industrial Strategy Challenge Fund and the Biotechnology and Biological Sciences Research Council, part of UKRI.
Images kindly provided by Dana MacGregor and Rothamsted Research
[i] Macarena Mellado-Sánchez, Faye McDiarmid, Victor Cardoso, Kostya Kanyuka, Dana R MacGregor. 2020. Plant Physiology. pp.00205. DOI: 10.1104/pp.20.00205
[ii] https://croprotect.com/weeds/black-grass
[iii] Varah, A., Ahodo, K., Coutts, S. R., Hicks, H. L., Comont, D., Crook, L., . . . Norris, K. (2020). The costs of human-induced evolution in an agricultural system. Nature Sustainability, 3(1), 63-71. doi:10.1038/s41893-019-0450-8
[iv] Cummins I, et al. 2013. Key role for a glutathione transferase in multiple-herbicide resistance in grass weeds. Proc Natl Acad Sci U S A. 110(15):5812-7. doi: 10.1073/pnas.1221179110.
 
 

Crop4Sight has launched the UK’s first dynamic seed rate tool for planning potato crops

Agri-TechE Article
Agri-TechE

Crop4Sight is a new, simple to use App for potato crop yield management. It combines potato crop milestone data captured in the field, such as emergence, ground cover and sample digs, with 30 years of potato data and some clever software to give access to instant insights into potato crop performance.
Optimising the seed rate (t/ha of input seed) is a crucial first step in efficient potato crop production, because it controls the plant, stem and tuber population.  Crop tuber populations need to be matched to the target yield to achieve the required net yield.  To help achieve this Crop4Sight has launched the UK’s first dynamic seed rate tool for planning potato crops. It generates target benchmarks for stem and tuber populations from the very start of the season.
Defining the target seed rate requires consideration of both commercial and agronomic factors, including: commercial tuber size fractions, target final yield, planting date, size of input seed and age of input seed amongst others. Until now it has been difficult for growers and agronomists to easily account for them in their crop planning.
Now Crop4Sight’s seed module combines these factors to allow users to easily to create target seed rates.
All seed rates are fully editable should adjustments be required. Multiple seed rates can be created against each individual stock to reflect different planting dates across fields.
In addition, the seed module also uniquely defines the first benchmark for target stem and tuber populations per seed rate.
New functionality being released later in the Spring will re-forecast these crop expectations based on achieved plant spacing and then achieved stem populations. This will allow Crop4Sight users to benchmark and adjust crop expectations right the way through the season.
For further information please contact admin@crop4sight.com.
Crop4sight

Call to Arms for Pea and Bean Yield Enhancement Networks

Agri-TechE Article
Agri-TechE

Peas and beans fix nitrogen in the soil, making it available to other plants when grown in a rotation, so they are a good break crop between cereals. However, the price gained can vary greatly depending on the quality of the product, particularly its colour, and the yield can often fall short of the biophysical potential of up to 12t/ha.

The crop requires skill to grow well and, despite best efforts by the industry, yields have been falling over recent years. Lack of consistency – both in quantity and quality – mean that peas are perceived as risky by growers, and this has restricted investment in this crop.

Pea YEN and Bean YEN aim to provide growers with benchmarking to achieve a perfect pulse crop and to gain a better understanding of the common factors constraining yields in the UK. They are not competitions and are based solely on ‘Share to Learn’ principles.

To increase accessibility of the networks, entries do not require verified weighbridge tickets for reporting yield, and there are a number of fully sponsored opportunities for entrants.

Powering Pea Productivity

To better understand the UK market opportunity for peas and to create a roadmap for increasing the quality and quantity of the crop, individuals from across the value-chain were brought together in 2019 to participate in a workshop, ‘Powering Pea Productivity’, co-ordinated by the John Innes Centre with support from PGRO and Agri-TechE and sponsored by the BBSRC.

Scene-setting talks outlined the new market opportunities for pea protein, fibre and starch as nutritional and functional food ingredients, the constraints on cultivation and the external impacts on value of the crop. Then the delegates were asked to discuss the challenges and identify the priorities for further knowledge creation.

Seven key themes emerged:

  1. Soil health and improved rhizobia performance
  2. Crop nutrition
  3. Good farm practice and evidence-based technology
  4. Alternative pest control
  5. Alternative disease control
  6. Breeding for improved plant physiology and growth
  7. Development of new food markets

A detailed report was created capturing the information delivered in the workshop, it is available to read here.

Contact details for the Pea YEN and Bean Yen

Membership of a YEN includes:

  • One entrance into the annual Pea YEN benchmarking network
  • One free NRM Soil Health Check
  • A comprehensive report on your crop’s performance
  • One ticket to the Annual Pea YEN Conference

Pea YEN 2020 – visit yen.adas.co.uk/projects/pea-yen or email peayen@adas.co.uk
Bean YEN 2020 – visit yen.adas.co.uk/projects/bean-yen or email beanyen@adas.co.uk
Or contact PGRO directly by emailing roger@pgro.org
John Innes Centre is also involved in a number of projects to improve breeding – PCGIN is featured in GARNISH December 2019 / EDITION 32 PLANTED: GENE EDITING IN PLANTS

Sponsors and funders of the Pea Yen and Bean Yen:

  • ADAS
  • BASF
  • NRM Laboratories
  • PGRO
  • Lancrop Laboratories
  • Princes Group

New AI modelling to mitigate risk for food production

Agri-TechE Article
Agri-TechE

Is it possible to predict extreme events? Increasingly yes. Chris Nankervis, CEO of Weather Logistics, says the company is confident it now has the best tools in place to reliably inform growers about the likelihood of a deluge. This is one of the approaches to mitigating risk to be discussed by four experts in a free Agri-TechE webinar on 29th April.
Dr Belinda Clarke, Director of Agri-TechE , comments: “The farming community is used to managing risk but extreme weather events appear to happening with greater frequency. We are asking a number of agri-tech entrepreneurs to explain how new AI-based tools can help mitigate the impact of weather and other ‘acts of God’.” Chris Nankervis explains that large irregularities in the usual patterns of rainfall across the British Isles are largely a result of our Atlantic jet stream airflow, a high-altitude ribbon of fast-moving air that steers our weather systems. He says: “In recent years, this has resulted in a marked increase in the volatility of farming incomes.”
Weather Logistics can detect disruptions in the jet stream throughout the year and uses this, and other data, to create bespoke weather forecasts. Farmers can use this information to improve decision-making such as delaying or bringing forward drilling or other farming operations to avoid adverse seasonal weather conditions.
Chris estimates that optimising crop scheduling for those in the horticultural industry could increase profit margins by up to 20% and ensure that delivery programmes are met with food retailers. Offering location-level risk assessments is the aim of Cervest, which is developing the ability to predict extreme events anywhere on the planet.
By analysing climate and historical data, the company will be able to make predictions on an extreme event’s specific impact to any natural and built asset (crops, forest, flood plains, utility infrastructure, buildings) on any parcel of land, globally.
The result, explains Mark Hodgson, Cervest’s Chief Business Officer, is the development of meaningful ratings and metrics that can be used to help manage exposure to extreme precipitation and heat events, as well as other natural hazards such as flooding. Users are able to ‘score’ risk exposure and make objective, informed decisions on the assets they manage. Mark says: “Customers need to understand whether the situation they see now is a trend: it’s raining a lot now but is that normal for this time of the year or is it an anomaly? Is there a new weather trend that is going to last a generation? Are we in another cycle lasting 2-5 years? That’s important to know as it has bearings on longer term planning and investment.”
Read more from Mark here. Joe Brooker, Senior Analyst at Stable Group Ltd, argues that, while weather predictions are useful, the risks farmers have to deal with are interconnected – and price and yield are the largest. “Price and yield risk are linked. Weather impacts production, which can impact yield; yield can impact price but this depends on scale, timing and other factors. These factors can also occur independently. Weather can be volatile, but not as volatile as price.”
Stable Group Ltd has developed an insurance model that uses independent commodity indexes to protect against price volatility. Farmers are able to fix the price and the insurance will pay out if the price drops. The platform runs 62 trillion simulations per week to forecast prices and spot future pricing signals, balancing its risk portfolio across crop, geography, time and place.
Read more from Joe here. More information about how to participate in this free webinar ‘Keeping a Sunny Outlook – De-risking Agriculture Through Weather-Tech’ on 29th April 2020 is available from our events page.