Landus launches farmer-owned technology platform
Business Record Staff May 3, 2024 | 12:00 pm
1 min read time
151 wordsAg and Environment, All Latest NewsLandus this week launched Conduit, a company that combines elements of a farmer-owned cooperative and a technology company. The Conduit platform will initially offer low-cost and user-friendly online financing, a news release said. In the future, it will also provide tools that support all aspects of agricultural commerce, insurance and sustainability. “Cooperatives have been offering the same dependable support to farmers for the past 100 years, and Landus will continue to honor that tradition. But the next 100 years will look a lot different, and the farmer of tomorrow will need a different set of tools to succeed,” Landus President and CEO Matt Carstens said in a prepared statement. Landus and its farmer-owners will be the majority investors in Conduit, but the platform’s investors will also include individual farmers, Landus and Conduit employees, and “mission-aligned” partners. Landus has brought on entrepreneur Amol Deshpande as an adviser for the platform and its digital transformation.