Farms.com Home   News

Quebec grants $4.7 million in funding to Gestion AgrIA for the first predictive and global monitoring technology and for higher crop yields with less pollution

LÉVIS, QC - Gestion AgrIA has just received a financial contribution of $4.7 million from the Government of Quebec, through the Green Fund, to complete a key research project that is helping growers boost their productivity while significantly reducing greenhouse gas (GHG) emissions. AgrIA is an NPO founded by three partners: Hortau, Les Fermes Tri-Jardins, and Houblon des Jarrets Noirs. It draws on the knowledge, expertise, and know-how of a large number of businesses, research institutions, technology transfer centers, and agricultural producers.
 
"Let's remember," said Jocelyn Boudreau, co-founder and CEO of Hortau (hortau.com), "that agriculture uses 40% of earth's habitable land and 70% of its water resources. The global population will reach 10 billion in 2050 and, according to the UN, if we do not manage to produce more food with less water and less farmland, it will take two planets to feed everyone."
 
Hortau and its partners have been working since late 2017 on developing the first predictive and global monitoring tool for crop production in order to substantially boost yields and productivity while reducing inputs such as water, fertilizer, pesticides, and energy. The new, fully digital multivariate technology redefines the needs, diagnosis methods, and approaches used in agronomic interventions through real-time, continuous measurements and techniques from the field of artificial intelligence (AI), including machine learning. It also significantly reduces the inputs, pollution, and greenhouse gases for a given harvest volume. Hortau has been developing the approach since 2008, making it the Internet of Things (IoT) pioneer in the agricultural sector. This is a 100% Quebec technology!
 
Added Boudreau, "Our new technology has exciting environmental and economic benefits for growers and will benefit the many Canadian businesses that serve our Lévis production center."
 
Gestion AgrIA's overall budget is $13 million and contributes to the broader Hortau project, whose budget is $20 million. With the company's anticipated growth, Hortau and its numerous suppliers are expected to create plenty of high quality jobs, both at Hortau and with its many suppliers.
Source : CISION

Trending Video

U.S.-China Trade “Truce” + U.S. Fed Cuts Rates Again

Video: U.S.-China Trade “Truce” + U.S. Fed Cuts Rates Again


The market was hoping for a US-China trade deal, but we got a trade “truce” for now from the keenly awaited Trump-Xi meeting at the APEC Summit.
China commits to minimum purchase commitments of 12 MMT of U.S. soybeans during the “current season” and a minimum of 25 MMT annually through 2028.
U.S. Treasury Sec Bessent said other Asian countries have agreed to buy additional 19 MMT of US soybean.
Soybean futures trading above $11 now- they normally tend to rally to $12.
As expected, US Fed cuts interest rates by -0.25% again in October to 3.75%–4.00%. No further cuts promised for this year but trade looking out to the Dec FOMC.
The Bank of Canada cut interest rates to 2.25% but raised concern over trade war damage.
Soy meal futures, remarkably, have had 14 consecutive higher close sessions. A bull market in soybeans is a bull market in soy meal!
Cattle futures lower as funds unwind out of cattle for now due to Trump headlines and objective to lower beef prices.
All major stock indices climb to new record highs. It was Mag 7 reporting week, which had mixed results. But we now have the first $5 trillion company in Nvidia!