VANCOUVER and ST. LOUIS — Telus Agriculture, the ag-tech business unit launched by Telus in November 2020, and Rabobank, a global food and agriculture bank, today announced they have jointly acquired Conservis, a Minneapolis-based company “that integrates disparate farm technologies into one streamlined interface to manage the business of farming,” according to a press release.
With its farm management system platform, “Conservis enables family and institutional farms to organize data from different sources, eliminate error-prone manual entries, create winning business plans, and confidently manage costs, production and marketing throughout the entire year,” reads the release.
Rabo AgriFinance, a Rabobank subsidiary that serves North American agricultural producers, has been a development partner for Conservis since 2018. The two companies have been working together to enhance the platform’s financial reporting capabilities.
“Telus Agriculture will help enhance the Conservis platform’s functionality while offering farmers the ability to access world leading products and services through Telus Agriculture’s innovative Agricultural Data Exchange (ADX) and Agricultural Services platform (ASX),” says the release.
“We believe that improving on-farm profitability and enabling the efficient sharing of farm data with trusted partners are foundational ingredients to ensure the sustainability and security of our food system,” says Francois Gratton, executive vice-president of Telus and group president of Telus Health and Telus Agriculture, in the release.
“Together alongside Rabobank and with the technology available in the Conservis platform, we will be able to make financial management of farms a more efficient process and unlock new opportunities for our customers across the food value chain,” adds Gratton.
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