Rabo AgriFinance, Conservis Partnership Turns Farm Data into Financial Management
A partnership between Rabo AgriFinance and Conservis will help farmers leverage their data to make informed business decisions. The companies will codevelop technology that helps farmers seamlessly connect real-time field and management data with financial results.
By equipping farmers and farm managers with consistent, real-time, and easily shareable data in the Conservis platform, decisions can be made sooner. They can also more easily communicate with lenders and business partners about changes throughout the year.
“To have two companies already working with farmers pair up like this, so I can break down the wall between the mountains of farm data and my financials, is something great,” says Aaron Lee, general manager of Cornerstone Family Farms in southern Indiana. “No other farm management platforms have cracked that nut. What Rabo AgriFinance and Conservis are doing is at the forefront of what this industry needs.”
Sherman Black, CEO of Conservis adds, “Given the economic conditions that farmers are facing, there has never been a more appropriate time to unite ag tech and fintech. Rabo AgriFinance and Conservis have a shared mission focused on the farmer’s success and legacy. As a global leader, they are a great partner for us and our clients.”
With Conservis, farmers can organize all of the data being collected from different sources and platforms, eliminate manual entry, create successful business plans, and confidently manage their cost and production operations throughout the year. In turn, farmers will be able to generate lender-ready, up-to-date reports they can share with their Rabo AgriFinance lender. But rest assured, says Conservis, that farmers own their data, and they alone control when Rabo AgriFinance receives that information.
“Conservis works exclusively with leading producers internationally as we do, so they understand the complex business needs of our clients,” says Curt Hudnutt, executive vice president of Rabo AgriFinance and head of rural business in North America for Rabobank. “We are committed to connecting our clients to tools that might help them not only manage risk and finances but also the other challenges of managing a business. After extensive research, we feel confident in the Conservis farm management software and their hands-on approach to helping clients get the most of their product.”
By working together, the companies are positioned to explore industry advancements like benchmarking, integrations with accounting software, as well as other new services to help improve decision making and profitability.