Agricultural fintech firm Grower’s Edge has acquired FarmTest, an automated performance testing platform for commercial farms.

The FarmTest acquisition deepens the agronomic dataset that underpins Growers Edge Crop Plan Warranty product. This strengthens the ability of agricultural retailers and manufacturers to perform field trials to underpin their warranties.

A financial tool that retailers and manufacturers can attach to any product, bundle of products, or whole-acre prescription, the Crop Plan Warranty from Growers Edge provides downside protection for hundreds of growers, four of the top ten agricultural retailers, and over 1 million acres of farmland in the United States.

“FarmTest’s tools make it easy to gather in-field performance data on any ag input that can be applied using a variable rate prescription, and for any crop with GPS-enabled yield monitors,” said Nick Cizek, CEO of FarmTest. “By partnering with the Growers Edge team, we’ll continue to scale accessible, outcome-based agriculture solutions that reduce risk for farmers, retailers, and manufacturers.”

“FarmTest solidifies the foundation of our warranty products by enhancing how we script, execute, and analyse field trials,” said Ahraz Husain, Chief Innovation Officer at Growers Edge. “Together, we’ll empower manufacturers and retailers to meet a growing demand for field-proven products while improving profitability and performance in agriculture.”

”With FarmTest, we’re adding powerful, field-level performance validation capabilities,” said Matt Hansen, CEO at Growers Edge. “We’re the only company developing new financial tools backed by this level of agronomic data, and we’re now another step closer to building a fully connected fintech platform for the agricultural industry.”