CropLogic set for market listing

Business

MELBOURNE: A New-Zealand-based agricultural technology firm that uses in-field sensors to gather information on crops so that growers can increase yields is set to list on the Australian sharemarket.
CropLogic’s technology involves placing small sensor units in fields of crops to measure factors such as soil moisture, soil temperature, irrigation and rainfall.
The technology compares the data to plant and soil models to predict plant requirements and health.
Also, light aircraft are used to take aerial images which can help identify pest, weed and irrigation issues.
CropLogic says this reduces the time that growers have to spend in the field, allowing them more time to deal with specific crop-related issues or servicing more acres.
“CropLogic is excited to be working towards the completion of the IPO (initial public offer) process and the imminent listing of the company on the ASX,” CropLogic chief executive Jamie Cairns said on Friday. – AAP

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