Amado Galoi, founder of Rex Animal Health, explains to pitch investors why his livestock data platform is focusing on international expansion rather than the US market.
Insight
Galoi: US is poor agtech market due to USDA subsidies
“One of the things we've realized over the past two years is the United States is not a fertile market for agriculture tech. And that's primarily because the USDA gives so many subsidies that it's still cheaper for a farmer to cull their animals because they're…”
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Galoi: US livestock herds face at least one epidemic every year
“We, the United States is one of the most advanced agricultural economies in the world. We still have at least one endemic or epidemic in, in the herd every year, and that grossly affects things to the GDP.”
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Amado Galoi says US livestock suffers annual epidemics impacting national GDP
“The United States is one of the most advanced agricultural economies in the world. We still have at least one endemic or epidemic in, in the herd every year, and that grossly affects things to the GDP.”
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Livestock farms hire veterinary students to manually digitize paper health records
“So with respect to the data entry, that is part of their behavior. One of the things that a lot of these vertically integrated farms and even vets What the students who go to small farms do is they'll literally hire DVM students, veterinary students, to turn t…”
Disclosure
Rex Animal Health contracts claim full ownership of derivative producer data
“The reason we do that, though, is because when we take in the raw data, our contract turns that raw data, any derivative product of that data is ours, and we can do whatever we want with it.”
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Amado Galoi says Jillian Manus dropped out of the Rex deal
“What was surprising was just a few weeks ago, you know, near the start of the year after, as I was kind of working on closing things with Charles and Phil. I'm like, Hey Jillian, you know, happy new year, blah, blah, blah. Like, you know, are you still interes…”