Greeneye Technology, the pioneer of AI precision ag spraying technology, and Farmers Business Network, the global AgTech platform and farmer-to-farmer network, announced they have entered into a long-term strategic collaboration agreement to help farmers reduce weed control costs and drive profitability by combining Greeneye’s retrofit precision spraying systems and FBN’s Precision Spraying Packs-customized crop protection and nutrition plans which FBN is developing for use specifically with the Greeneye technology-and financing offerings. The program will launch first in the U.S for the 2024 growing season.
FBN Will Sell Greeneye Systems with New Customized Crop Protection and Nutrition Packages to Reduce Costs and Drive ROI for Growers
Also as part of the agreement announced, FBN has led Greeneye’s current investment round through a significant investment which will fuel Greeneye’s growth and expansion in the U.S. market and beyond.
Also Read: Truterra Launches Sustainability Services to Help Farmers Plan, Make and Maintain Regenerative Practice Changes, Including Unlocking Potential Value through New Market Opportunities
Last year, as a participant in FBN’s Innovators Research League, one of the largest on-farm field trial programs in North America, the Greeneye system reduced non-residual herbicide use by an average of 86%, while achieving the same weed control efficacy and crop yield as traditional broadcast spraying. FBN will continue robust on-farm trials and data gathering to develop Precision Spraying Packs – combinations of crop protection, biologicals, and adjuvants – for use with the Greeneye system to optimize both efficacy and cost saving. FBN will also offer financing for both the Greeneye system and its Precision Spraying Packs.
A field trial undertaken by the University of Nebraska-Lincoln’s Agricultural Research Division (ARD) last summer also found that the Greeneye system offered 94% reduction in burndown herbicide use during pre-emergence spraying compared to broadcast application along with an 87% reduction in non-residual herbicide use during post-emergence spraying compared to broadcast application – representing an overall cost saving to farmers of more than 60% – while achieving the same, or similar, levels of efficacy compared to broadcast spraying.
SOURCE: AgriTech Tomorrow