Farmers Edge News

Fairfax Offers to Take Agritech Firm Farmers Edge Private at 99% Below IPO Price

Canadian financial group Fairfax Financial Holdings Ltd. offered to buy out minority shareholders of agriculture technology firm Farmers Edge Inc. at a price that would crystallize near-total losses for any longer-term holders of the stock. Fairfax’s takeover bid of 25 …

Canadian Insurtech Farmers Edge Raises $100 Million in IPO

Farmers Edge Inc. raised about C$125 million ($100 million) in its Canadian initial public offering after selling shares at the top end of its marketed range, according to people familiar with the transaction. Farmers Edge sold shares for about C$17 …

AI Startup that Uses AI and Partners with Re/insurers, Now Is Seeking Canadian IPO

Farmers Edge Inc., a firm that uses artificial intelligence to help growers boost crop yields, is seeking to raise about C$100 million ($79 million) in an initial public offering to strengthen its finances and repay debt. The Winnipeg, Manitoba based …

Insurtech, Data Help Canadian Farmers Cut Lending, Insurance Costs

Canadian farmers — grappling with with lower crop income, adverse weather and a trade dispute with China — are using precision-agriculture technology aimed at reducing lending and insurance costs. Collecting intricate crop data allows individual farmers to outline potentially limited …