Understanding the AgTech Investor – Future of Agriculture Podcast

Understanding the agtech investor: 

Steve Sarracino is the Founder of Activant Capital, a business that invests in growth-stage tech companies worldwide. They provide funding for businesses in commerce, Internet of Things, and data-driven companies. For agriculture, Steve prefers data-driven companies because they can act as a source of truth not just for farmers, but also for consumers. He obtained his MBA from the Wharton School at the University of Pennsylvania and his BA in Finance and Economics at Southern Methodist University.

Steve joins me today to discuss how the farmers can benefit from data-driven startups and how it can have positive effects on the ag industry. He describes the current business models that govern the ag industry and the emerging trends in startups. He also shares the type of business models farmers need and describes the kind of companies they’re looking to invest in as well as what new ag startups should seek to address.

 

“Farming is basically a dirty data problem.” – Steve Sarracino

 

 

This Week on The Future of Agriculture Podcast:

 

  • The current setup in the AgTech industry.
  • The type of business model that can help today’s farmers.
  • Why there’s a reluctance from farmers to change business models.
  • Their criteria in looking for ag business investments.
  • How their investment process works from start to finish.
  • The types of business leaders they like working with.
  • Problems in agriculture new startups should tackle.

 

Key Takeaways:

 

  • If you can partner with the right technology firm and sell direct, that can change the economic model.
  • The average farmer makes about 120 important decisions, all affected by data.

  

Resources Mentioned:

 

  

 

Connect with Steve Sarracino:

 

 

 

 

We Are a Part of a Bigger Family! 

 

The Future of Agriculture Podcast is now part of the Farm and Rural Ag Network. Listen to more ag-related podcasts by subscribing on iTunes or on the Farm and Rural Ag Network Website today. 

 

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Thanks for joining us on the Future of Agriculture Podcast – your spot for valuable information, content, and interviews with industry leaders throughout the agricultural space! If you enjoyed this week’s episode, please subscribe on iTunes and leave your honest feedback. Don’t forget to share it with your friends on your favorite social media spots! 

 

Learn more by visiting: 

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Tim Hammerich
tim@aggrad.com

Tim helps agricultural companies find talented employees. He is the Founder of AgGrad and the Host of the "Future of Agriculture" Podcast. Originally from California, he is now based out of Boise, Idaho.

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