Farmer customer Jeremy Willet talks about working with FarmRaise
Farmer customer Jeremy Willet talks about working with FarmRaise
Agriculture is ripe for transformation, and financial technology is the key lever for change. The U.S. ag sector is a primary contributor to climate change, yet agribusiness companies and the farmers that supply them have the power to reverse this trend through transitioning to sustainable practices that mitigate CO2 emissions.
Our users
Meanwhile, American farmers are financially struggling. Most small and mid-sized farm businesses (SMBs) operate in the single-digit margins and lack financial tools and resources to grow. These SMBs comprise over 90% of American farms and nearly half the value of U.S. food production and are key to building resilient, localized, and sustainable food supply chains.
Our users' problem
Our target SMB farmers are eager to adopt regenerative ag practices, and their primary motivation is financial success. They know that soil health can boost their farm's profitability. Yet farmers lack financial tools to access and manage the financing they need to be more profitable and sustainable.
We're building a full-stack financial services platform for agriculture that will empower farmers with insights and capital to start up, scale up, and successfully steer their farm business across generations. Our vision is vital farming communities: we're committed to growing profitable, ecologically resilient, and equitable farms across the U.S. and beyond.
Our product
Our financial stack is built on a lake of granular farm insights that we use to connect the farmer with the best resources for their their farm's sustainability and profitability. Our first application was an end-to-end farm funding solution that reduces days of research and paperwork to one 15-minute application and easy administration of funding on the backend.
https://www.youtube.com/watch?v=bJSPA9oiYc0&t=4s
Our traction
After releasing this application, our growth rate doubled with thousands of monthly active users. These farmers have applied for over $10mm and counting through our product and the funding they're accessing will support conservation-based projects like cover crops, regenerative grazing, hoop houses, and no-till practices.
This December (as of 12/16/22), we just released a cash flow tracking app the enables farmers to save time and money and more efficiently apply for funding. We’re watching in real time as farmers download the app and upload transactions, using this tool to run their farm business.
What's next