YAGRO, a Cambridge-based agritech business, has launched a new technology platform to help farmers control costs and improve profitability.
Yagro connects farms confidentially with their suppliers, enabling them to request quotes and place orders online. The visibility and control offered by Yagro means farmers can make informed purchasing decisions and secure the best deals for their businesses.
Farms in the UK spend over £12bn every year on their inputs(1), with the majority still relying on manual paper-based office systems and phone, fax or email to manage their purchasing. Yagro’s advanced digital technology offers a more streamlined, efficient and faster way of procuring essential farm supplies with less hassle for the busy farm manager.
The Yagro platform is cloud based, accessible anywhere, on any device. In just a few clicks, farmers can send requests to their suppliers, compare quotes and place orders. From their dashboard, they can manage these orders, view expected deliveries, monitor their spend and access powerful analytics and data insight for their business.
Yagro’s launch is timely as farmers face rising labour costs, ever-challenging commodity markets and a weak pound that has fallen almost 20% expected to increase input costs substantially next season(2).
Gareth Davies, CEO of Yagro, said: “Now more than ever farmers are having to focus on their costs, not just on yield, to achieve profitability. The ag supply chain can benefit greatly from better information exchange and automated processes. Over the long term, we estimate we can unlock over 10 percent of costs by harnessing technology to combat these inefficiencies.”
Yagro has been working with a select group of farmers to refine and perfect the technology platform since March 2016. This group includes small family farms, large agribusinesses and contracting operations, representing over £40m of core arable input spend.
Charles Shropshire, MD within G’s Fresh, one of Europe’s leading farming companies, said: “With Yagro, our farm managers have all the information they need at their fingertips and we can be sure we’re getting the best deal on our key inputs. Now we have real time visibility and total control over our spend, I can’t imagine ever going back to our old system.”
Gareth Davies further commented: “This is only the start of where technology can take us. Agtech is booming and we’re excited by the challenge of driving a more efficient, more sustainable agricultural sector.”