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Government of Canada invests $425K into precision agriculture

Funding will be used to develop and commercialize the CX-6 SMART Seeder

By Diego Flammini
Assistant Editor, North American Content
Farms.com

The Canadian Government is investing $425,000 into Clean Seed Agricultural Technologies Ltd. to further develop and commercialize a piece of precision agriculture technology.

Clean Seed will use the investment to further its research into the CX-6 SMART Seeder, which can allow farmers to have simultaneous control of up to six products. The goal is to help farmers reduce over-applications of fertilizer and pesticides, while also lowering fuel usage and input costs.



 

The company is headquartered in Burnaby, British Columbia, but other parts of the country could benefit. Testing will take place in Saskatchewan and the machinery will be manufactured in Manitoba.

"Clean Seed Agricultural Technologies Ltd. is an innovative leader in the development of advanced precision agricultural equipment aimed at modernizing and streamlining farm operations,” Navdeep Bains, Minister of Innovation, Science and Economic Development, said in a Nov. 25 release. “The Government of Canada's investment in companies like this will generate growth in Western Canada and provide jobs for skilled workers.”

Executives with Clean Seed say the investment will help them bring the CX-6 SMART Seeder to farmers in Canada and around the world.

“The continued support by the federal government over the years has played an important role in our evolution,” Graeme Lempriere, chief executive officer of Clean Seed Capital Group Ltd. said in the release.


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The 12-day war between Iran-Israel came to an end sending crude oil futures plunging as the big fund speculators removed the war risk premium.

The weather risk premium in the Ag complex is sending corn, wheat and soybean futures lower on month-end selling ahead of the market moving USDA quarterly grain stocks and acreage reports on June 30th.

Instead, funds were chasing and sending tech stocks higher with the S&P 500/NASDAQ indexes setting new all-time record highs!

June 1 USDA Hogs and pigs report was slightly bearish while the U.S. $ Index traded to new contract lows as the de-dollarization that began in 2014 continues.

Feed in the form of soybean meal futures for livestock producers got cheaper, trading to new contract lows.

The Stats Canada seeded acreage update was bullish canola and wheat.