Indigo Ag expands ambitions to reward farmers for fighting global warming, adds Moderna CEO to board
Farmers Business Networkthat they raised $250 million for an online network that connects farmers, and allows them to anonymously trade notes about the products they use, like seed treatments, fertilizers and other ag chemicals and how much they cost. The company also uses that pricing data to help farmers purchase those products from suppliers at prices that they are willing to pay, instead of prices offered by a visiting salesperson.
Both companies began at Flagship Pioneering, a sort of scientific incubator, and Indigo Ag CEO David Perry told CNBC, "Moderna is on a parallel track to the one we are on."As plants grow, they turn carbon dioxide from the atmosphere into roots, shoots, stems and leaves. When the plants decay, they bring organic matter into the soil, including humic acids which are not only good for growing more plants, but hold onto carbon rather than releasing it back into the air.
Indigo Ag thinks farmers will adjust their practices to capture as much carbon as possible as long as it's profitable to do so.can be achieved through regenerative farming. But Perry is betting it's enough to help curb climate change and keep the world's arable land healthy.
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