Winnipeg farm-tech company to boost productivity and profits for agriculture industry

Calgary-based Avrio Capital is investing $110 million in late-stage venture capital in emerging farm-tech companies. Among which, Winnipeg's Farmers Edge, which uses cloud computing and data management to help make farms 30% more productive and efficient. The system that five years ago would have cost $15 to $25 an acre now costs under $5. In January, Farmers Edge secured a $58 million investment from investors including Japanese conglomerate Mitsui & Co. and Silicon Valley venture capital firm Kleiner Perkins Caufield & Byers. "The next big revolution in agriculture is big data," said Wade Barnes, Co-founder and Director of Farmers Edge. Apart from Canada, the company also operates in the U.S., Australia, Brazil and now Russia. 

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