Agrograph | Top AgTech Startup - 2020-2020

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Agrograph
A Field Level Approach for Risk Management

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Mutlu Ozdogan, Co founder & CEO and Jim O’Brien, Co founder, AgrographMutlu Ozdogan, Co founder & CEO and Jim O’Brien, Co founder
If you asked a farmer, ag lender, or crop insurer what the number one top concern for the operation is -- their answer would be to manage risk -- risk that the crop gets planted, risk that the loan doesn’t default or that the recent flooding does not lead to catastrophic crop losses driving up insurance claims. To best manage risk, the industry needs information. However, publicly available data is rarely timely and raw data collection and analysis bring separate challenges. In the end, companies are left to make billion-dollar decisions with anecdotal data.

Agrograph, a Wisconsin-based startup co-founded by Mutlu Ozdogan and Jim O’Brien, brings together data, technology, and automation to accurately predict and visualize field-level forecasts across the globe. The Agrograph platform delivers on crop yields, land suitability, gross revenue, field volatility and more through satellite observations, weather data and machine learning algorithms. This solution empowers companies to manage risk and operate with confidence.

“Agrograph is oftentimes confused with precision ag or a satellite company, but we are neither,” said O’Brien. “We are carving our own space in the agriculture market, targeting folks who support farmers, not the grower themselves.”This includes crop insurers, agricultural lenders, grain merchandisers, along with retail brands that utilize the Agrograph platform. Companies leverage Agrograph’s online database to better identify regional production and commodity supply while better pricing products and services to match the risk of their clients and understand the likelihood of loss within their business.

Agrograph’s data solutions are a modern approach to what companies already do.

Publicly available data often lacks the granular insight needed to manage field-level risk for the approximately 300 million acres of farmland that drive the US ag economy. With Agrograph, individuals now have access to every crop, growing in every field, around the world both with in-season and historical perspectives. “It’s amazing that today’s advanced systems for grain merchandisers, ethanol producers, and brokers still rely on quarterly reports from the US Department of Agriculture that are comprised of farmer surveys and phone calls -- billion-dollar transactions are made with ‘intentions’ and ‘moving averages’ because for decades the USDA was the only benchmark the industry knew, says O’Brien”.

The company’s co-founders understand more than just the data; they’ve worked in the industry that supports farmers. Their individual backgrounds make the entrepreneurs perfect for the markets Agrograph is targeting. Ozdogan holds a Ph.D. in geography with an emphasis on remote sensing and crop modeling. This expertise pairs well with O’Brien, an accomplished entrepreneur responsible for helping both startups and corporate innovation projects get off the ground.

The company’s Wisconsin zip code is no accident either.

“The Midwest is at the heart of production agriculture. Living and working here, we understand the unique challenges of agriculture - commodity prices, the weather, things that keep folks up at night,” Ozdogan explained. “The agriculture community wants to work with people who can relate to their industry.”

That understanding led them to the decision to add a fifteenth crop to the Agrograph database; industrial hemp. According to Ozdogan, the gaps in production, quality, and supply facing the industrial hemp are easily solved through their ‘Agros’ platform. Agros is a Greek term for ‘field,’ a unique reference for Agrograph’s online platform.

No reliable estimates can quantify the difference between what is published as registered hemp acres versus what is actually planted acres. For the 41 US States that have approved industrial hemp programs, only a handful of states allow public access to registered hemp acres; growers, processors, and traders often have no reliable sources to benchmark production. This lack of data regarding supply, amongst many other unknowns for hemp growers, breeds a ‘wild west’ atmosphere as the winners and losers get sorted out. For the risk management side of the industry, someone like an insurance agency, an ag lender, or a CBD distributor, access to Agrograph’s information is a game-changer.

Ozdogan offered sustainability as another example of Agrograph’s future efforts. “Transparency is at the core food and fiber production today, but it’s difficult to demonstrate in the field,” he explained. “We are currently scaling the platform to serve as a report card for companies striving toward social responsibility targets.”

Agrograph News

Agrograph and Planet Labs PBC Partner to Deliver Enhanced Agros™ Insights

MADISON - Agrograph announced a new partnership with Planet Labs PBC ("Planet") to integrate Planet high-resolution global satellite data with Agrograph's expert geospatial data technology to comprehensively support clients' need for data-driven business and farm-risk management decisioning tools.

The partnership aims to benefit finance, insurance and agri-business service providers, government entities, and other organizations seeking to measure financial and environmental risk, identify business opportunities, and inform cropland agriculture capital investment strategy across the globe.

"We've been providing actionable, geospatial data to customers for nearly a decade, continually expanding and refining our offerings of variables, models and insights to empower our customers' decisioning, planning and asset management strategies," said Michael Barrow, Vice President at Agrograph.

Barrow said this partnership intends to play to the strengths of each company and benefit clients globally. "Planet's SkySat and PlanetScope data provide a steady stream of medium to high-resolution data for updating imagery and monitoring risk and environmental change," said Barrow. "Now, our more sensitive models that may otherwise be affected by events such as cloud cover are enhanced so that barriers to time-sensitive observation windows for crop monitoring and land management activity are removed."

This now formalized partnership expands upon the successes already achieved by the organizations working together. Planet and Agrograph have been delivering imagery and data solutions in the Americas, Europe, Asia and Australia since 2021.

"We welcome Agrograph into the Planet Partner program due to its diverse technological capabilities, industry expertise, and its ability to bring value to every step of the agricultural supply chain," said Planet Director, Partnerships Americas, Jennifer Doogan. "Through this partnership, Agrograph can enhance their solutions with Planet high resolution imagery to deepen and broaden their geospatial-data products and services that report on crop production, finance and insurance risk, land use change, farm management and sustainability measurement."

Founded in 2016, Agrograph delivers data-based solutions to companies with exposure to agriculture. Its Agros™ Platform combines satellite imagery, diverse data sources, and field-scale predictive modeling to generate industry-specific solutions that identify fields and reliably report on metrics such as land management practices, historical and predictive yield production, land use change, environmental impact, soil carbon metrics, farmland market value, and more.

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Top 15 AgTech Startups - 2020

Company
Agrograph

Management
Mutlu Ozdogan, Co founder & CEO and Jim O’Brien, Co founder

Description
Agrograph is a global platform for field-scale predictive modeling that delivers accurate and timely information on crop yields, land suitability, risk management and other agricultural production information. It creates data solutions for the industries that all farmers depend on and provides platform that combines machine learning with satellite imagery to generate millions of acres worth of global field-level predictions that can be leveraged to solve many modern day agronomic problems