AGCO Invests in OPTIfarm to improve productivity and animal welfare

Abigail Pye

Abigail Pye

OPTIfarm is delighted to announce the investment of AGCO

AGCO (NYSE: AGCO), is a worldwide manufacturer and distributor of agricultural machinery and precision Ag technology. AGCO delivers customer value through its differentiated brand portfolio including core brands like Challenger®, Fendt®, GSI®, Massey Ferguson®, Precision Planting®, and Valtra®. Powered by Fuse® smart farming solutions, AGCO’s full line of equipment and services help farmers sustainably feed our world.

“Our investment in OPTIfarm aligns with our vision to deliver industry-leading smart farming solutions that improve our customer’s net farm income and address animal welfare,” said Eric Hansotia, AGCO’s Chairman, President, and Chief Executive Officer. “We believe that advances in modern animal agriculture, like OPTIfarm, can help producers care for their animals and reduce environmental impact while maximizing productivity.”

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Next steps in our unique approach

“As the founder and CEO of OPTIfarm, I am extremely excited by this new relationship and look forward to supporting the AGCO vision as well as implementing our own. The culture and ambitions of both companies are extremely well-aligned, and I am sure this is the start of a strong and robust relationship.” – David Speller, CEO and founder.

Together with AGCO and OPTIfarm’s founding investor, Evonik Venture Capital, we will now move forward and invest further in two key areas.

1. The further development of our artificial intelligence and automated systems, allowing us to check every farm even more frequently than we do today, thus helping keep an even closer watch on your birds and generate even larger data sets for us to then explore with advanced machine learning and extensive data tools. The aim of this will be to have an ability to come to you with more ground-breaking new learning and insights with increased frequency adding even more value to your business. 

2. In addition, we will this year enter the global pig sector for the first time. We have already started the recruitment process to introduce the required skill sets into our team and will now rapidly adapt our poultry platform to suit the pig sector.