fbpx
Print this page
Friday, 28 April 2023 14:55

Ravensdown establishes new subsidiary

Written by  Staff Reporters
Ravensdown chief executive Garry Diack. Ravensdown chief executive Garry Diack.

Ravensdown has launched a new commercialisation entity named Agnition to try and drive innovations needed by farmers and growers.

It aims to build, grow and invest in Ag-IP and innovations, such as EcoPond and ClearTech, turning them into valued products and solutions that can be used on-farm to combat climate change, and create enhanced productivity.

Ravensdown chief executive Garry Diack says Agnition is a response to the co-operative’s strategy ‘Smarter farming for a better New Zealand’.

“Ravensdown has an impressive track record of recognising, researching, and bringing to fruition technologies and services that enhance our shareholders’ abilities to interconnect precision-based performance with long-term sustainability,” he says.

“The focus is now on taking innovations to market faster, getting them on-farm and providing a return on investment for our shareholders.”

Diack says that supplying nutrients to New Zealand farmers is still core to the Ravensdown business.

“While Agnition will have the agility and expertise of a venture capital type company, it will have an important advantage of farmer insight when it comes to developing and launching on-farm innovation.”

Jasper van Halder, previously a strategy consultant for McKinsey & Company, has been appointed as Agnition’s chief executive.

He will have responsibility for a portfolio of existing Ravensdown investments, including C-Dax Agricultural Solutions, Cropmark Seeds, Southstar Technologies and Analytical Research Laboratory (ARL).

More like this

25 years on - where are they now?

To celebrate 25 years of the Hugh Williams Memorial Scholarship, Ravensdown caught up with past recipients to see where their careers have taken them, and what the future holds for the industry.

Agnition announces new online sales channel

Ravensdown’s venture arm, Agnition, has announced a new online sales platform in an effort to give Kiwis more choices for how they purchase fertiliser and other agricultural products.

Featured

Wilmar hands over US$725m ‘court security’ in Indo graft case

Reuters reports that giant food company Wilmar Group has announced it had handed over 11.8 trillion rupiah (US$725 million) to Indonesia's Attorney General's Office as a "security deposit" in relation to a case in court about alleged misconduct in obtaining palm oil export permits.

National

Machinery & Products

Calf feeding boost

Advantage Plastics says it is revolutionising calf meal storage and handling, making farm life easier, safer, and more efficient this…

JD's precision essentials

Farmers across New Zealand are renowned for their productivity and efficiency, always wanting to do more with less, while getting…