Farmers Edge Archives

Farmers Edge is a digital agronomy firm that offers services such as variable rate nutrition management and FarmCommand, a data management and analytics platform. Farmers Edge, founder and former CEO Wade Barnes, former chief financial officer David Patrick, Fairfax Financial Holdings and several financial underwriters are named in the suit asking for a combined total of $270 million in damages. | Screencap via farmersedge.ca

Farmers Edge disputes merits of claim made by former investors

Proposed class action suite alleges investors received misleading information prior to the company's 2021 IPO

By Geralyn Wichers June 21, 2024

Former investors in Manitoba-based ag tech firm Farmers Edge have asked the B.C. Supreme Court to certify a class action lawsuit against the company, former leaders and its main shareholder. Farmers Edge, founder and former CEO Wade Barnes, former chief financial officer David Patrick, Fairfax Financial Holdings and several financial underwriters are named in the suit asking for a combined total of $270 million in damages.

News

Former investors seek class action lawsuit against Farmers Edge

Plaintiffs allege they received misleading information prior to the company's 2021 IPO

By Geralyn Wichers June 18, 2024

Former investors in Manitoba-based ag tech firm Farmers Edge have asked the B.C. Supreme Court to certify a class action lawsuit against the company, former leaders and its main shareholder.

General, Reuters

Farmers Edge owner Fairfax Financial shorted on alleged asset manipulation

Short seller's report doesn't describe nefarious accounting tactics, only potentially aggressive valuation marks, bank says

By Reuters, GFM Network News February 9, 2024

Short seller Muddy Waters has placed bets against the shares of Canadian insurer Fairfax Financial, which owns the majority share in Farmers Edge, alleging manipulation in the insurer's asset values.

General

Farmers Edge to go private three years after IPO

Company’s majority holder to buy all shares at pennies on the dollar

By Geralyn Wichers, GFM Network News January 23, 2024

Ag tech firm Farmers Edge has inked a deal with majority shareholder Fairfax Financial Holdings Limited to sell all common shares at 35 cents apiece, the company announced late yesterday.

Farmers Edge’ made its initial public offering in March of 2021. The event included a congratulatory note from TMX Group, owner of the TSX. (Farmers Edge video screengrab)

General

Farmers Edge considering privatization

The tech firm is evaluating a pennies on the dollar share buyback from its majority holder

By Glacier FarmMedia, GFM Network News November 27, 2023

Fewer than three years after going public, Manitoba-based tech firm Farmers Edge is considering a privatization proposal.

Farmers Edge’s online event on March 3 included a congratulatory note from TMX Group, owner of the TSX. (Farmers Edge video screengrab)

Crops, Machinery

Farmers Edge launches IPO

Digital ag firm makes first public share offering to big demand

By GFM Network News March 3, 2021

Manitoba’s best-known digital agriculture firm is now a publicly-traded company. Farmers Edge, founded in 2005 in Pilot Mound, Man. by agronomists Wade Barnes and Curtis MacKinnon, has carved out a niche using field-centric data, artificial intelligence and its FarmCommand data management platform. CEO Wade Barnes called it an exciting day during an online press conference […] Read more

New water management and soil moisture monitoring tools show what’s happening below the soil in the root zone, allowing farmers to compare performance between tiled and non-tiled fields.

Crops, News

Satellites and drainage a good partnership

Farmers Edge and NextGen Drainage Solutions team up to advance tile drainage tech

By Angela Lovell June 18, 2019

One of the most common questions farmers ask about tile drainage is, “Will it work in our area?” As probably one of the most expensive investments a farmer will make, next to purchasing land, it’s understandable that farmers want to make sure tile drainage will work and give them some tangible benefits before they take […] Read more

Crops, Machinery, Weather

Self-checking field health mapping system launched

By GFM Network News October 31, 2018

The farmer’s job of poring over satellite field maps looking for disease, weed and insect trouble is about to go automatic. Winnipeg-based digital ag consulting firm Farmers Edge recently released Health Change Maps and Notifications, a new function that automatically scans the company’s daily satellite imagery and alerts growers of any changes in field health […] Read more

Crops, News

VIDEO: The impact of satellite data on agricultural efficiency

By Glacier FarmMedia staff October 17, 2018

At Ag in Motion this past summer, Farmers Edge presented a ‘Smart Farming Panel’ consisting of five farmers to discuss technology solutions in agriculture and how data helps them be more efficient with day-to-day decision making. Seen here are Saskatchewan farmers Trevor Scherman and Laura Reiter who share their thoughts on satellite imagery and weather […] Read more

Crops

Adding an agronomist to your farm team

By Leeann Minogue November 7, 2017

As farming gets more complicated a growing number of companies are offering to help out. Some farmers get advice from their local independent retailer, or an agronomist employed by a company like CPS. But more and more farmers are choosing to pay for agronomic advice. Based on the logo-covered trucks parked at farm shows, the […] Read more

Alberta crop conditions improve: report

U.S. grains: Corn sets contract lows on expectations for big US crop

U.S. livestock: Cattle strength continues

GFM Network News