The Ledger
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Menker: Gro insights outpace foreign government agricultural reports by two years
“In places like India, in places like Russia, in places like China, in places like Africa, our lead time for sort of our insights is one to two years at times.”
Menker: Gro predicts data months before the USDA with near-perfect accuracy
“Even in the U.S., our models are predictive and accurate four to six months in
In advance of when the USDA comes out with its numbers within like, 98 to 99% accuracy.”
Menker: Nitrogen shortages will cut global food supply by 216 trillion calories
“What we see now is that basically just the nitrogen problem alone is going to lead to a reduction of 216 trillion calories around the world. And that's just simply due to the fact that using less fertilizer is going to lead to a reduction in yield.”
Menker: Gro Intelligence aggregates agricultural data from 50,000 global sources
“We get data from 50,000 sources around the world.”
Menker: Gro Intelligence software costs up to 50,000 dollars per seat
“And one application can be 10,000 dollars Per seat. Another one can be 15. Another one's 50. Depends on the use case, and then depends number of seats or whether it's an enterprise license or not, and so we've been able to sort of build out this licensing mode…”
Menker: Gro Intelligence runs 28 frameworks to generate 2 million unique models
“Today we have 28 modeling frameworks in the system... And so today, those 28 modeling frameworks actually develop two million unique models by Grow.”
Menker: Gro Intelligence prioritized hiring domain experts before hiring software technologists
“So before actually thinking of the technologists, we thought about the domain experts. Who are people who know agriculture? We need agronomists. We need people who traded agricultural markets. We need climate scientists.”