Farms.com Home   Ag Industry News

IBM & Yara team up on ag platform

IBM & Yara team up on ag platform

The first services are planned for the end of 2019

By Diego Flammini
Staff Writer
Farms.com

A Norwegian chemical company and an American information technology company have developed a partnership to bring a new digital platform to farmers.

Yara International and IBM will work to “build the world’s leading digital farming platform.” The partners hope the platform can reach more than 100 million hectares (247 million acres) or “close to 7 percent of all arable land worldwide,” they said in a joint statement Monday.

Each organization will contribute its specific expertise to help build the platform.

IBM will bring four things to the table, said Luq Niazi, the global managing director of consumer industries with IBM.

“We’re bringing our global services capabilities, so we have our business services and systems integration business,” he told Farms.com. “We’re bringing key technologies. In particular, technologies from the Weather Company and our AI portfolio. We’re bringing capabilities from our research organization and our global reach.

“Both companies are operating globally in over 65 markets combined and there’s a tight synergy between our innovation hubs and innovation locations.”

And Yara is supporting the project with its vast ag experience, said Stefan Fürnsinn, the company’s senior vice-president of digital farming.

“We bring a mission to responsibly feed the world and protect the planet,” he told Farms.com. “We have more than 100 years of agronomy expertise and maybe 1,000 agronomists across the world. We have the leading position as the global market leader in crop nutrition, so the farm is our home.

“We also bring access to farmers. Technology hasn’t made its way to the farm that it has in other industries. While IBM has game-changing technology, we can be the root and help get it into the hands of farmers.”

IBM and Yara have a shared goal of making farmers’ lives easier.

Producers have access to large amounts of data. The platform will provide farmers with services about how to use that data, Fürnsinn said.

“We don’t want to dump a terabyte of data onto a farmer every day, we want to offer actionable, simple services that a farmer can use. It’s our task to combine a number of inputs and technology to deliver super simple services.”

 “Through the platform we will provide a range of services specific to the farmer and geography but also deliver it in a way that’s appropriate to the sophistication of the farming market,” Niazi said.

One service, for example, will help farmers make decisions about nutrient applications, Fürnsinn added.

Allowing the platform to connect with modern farm equipment is also part of the long-term plan.

IBM and Yara hope to bring some services to farmers before the end of the year.

Right now, the companies are focused on establishing innovation teams in the U.S., Europe, Singapore and Brazil.

Yara photo


Trending Video

Will the 2025 USDA December Crop Report Be a Market Mover/Surprise?

Video: Will the 2025 USDA December Crop Report Be a Market Mover/Surprise?


Historically, the USDA December crop report is a non-event or another dud report as the USDA reserves any final supply changes to the final report in January of the following year in this case 2026. But after the longest U.S. government shutdown in history at 43 days and no October crop report will they provide more data/surprise and make an exception?
Our China U.S. soybean purchase tracker is now at 26.6% or a total of 3.2 mmt but for traders it’s taking too long to unfold.
The final Stats Canada production report was bearish canola and wheat projection a record crop in both (it adds to the global glut of supplies) and bullish local corn and soybean prices in Ontario/Quebec thanks to a drought. It will not help the fund flow short-term, the USDA may need to offset it?
A U.S. Fed interest rate cut of another 25-basis point next Wednesday (probability 87.1%) could help fund flow and sentiment in stock and ag commodities into year end.
More inflows into Bitcoin this past week saw prices rebound back above 90,000 with support at 82,000 and resistance at 96,000.
A V-shaped bottom in cattle suggest the lows are in after Mexico reported another new world screwworm case. Lower weights, seasonal demand and higher U.S. beef select/choice values with a continued closure of the Mexican border to cattle will result in a resumption of higher cattle futures into yearend.
Australia is expected to produce its 3rd largest wheat crop ever at 36 mmt adding to the global glut of supplies.
Reports of ASF in hogs in Spain the largest pork exporter in Europe could see the U.S. win more pork export business long-term.
If the rains verify into next week of 3-5 inches for Brazil it would go a long way to fixing the dry regions from the last 2-months, but the European weather model has been wrong for the past 2-months!
Natural gas futures are surging to the 3rd price count as frigid hold temps set in.
CDN $ is also surging to end the week on a very resilient economy and better employment numbers suggesting no interest rate cuts next week.
Finally, the CFTC report showed funds were net buyers of soybeans but sellers of corn, canola and wheat. In real time the funds have gone back to selling as they take some profits.