Landus, Iowa’s biggest agricultural cooperative, is creating a new tech company it says will provide farmers with services such as bank loans and crop analysis.
The new venture, Conduit, will offer 0% financing to qualified borrowers on all in-season purchases of farm inputs, according to Landus. It also will make financing available in some states for land, input and equipment loans.
The launch of Conduit comes at a difficult time for some digital startups in the $1.5 trillion US agricultural business. While just a few years earlier, some of them were attracting investors and being hailed as disruptors, more ...
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