Friday, 28 April 2023 14:55

Ravensdown establishes new subsidiary

Written by  Staff Reporters
Ravensdown chief executive Garry Diack. Ravensdown chief executive Garry Diack.

Ravensdown has launched a new commercialisation entity named Agnition to try and drive innovations needed by farmers and growers.

It aims to build, grow and invest in Ag-IP and innovations, such as EcoPond and ClearTech, turning them into valued products and solutions that can be used on-farm to combat climate change, and create enhanced productivity.

Ravensdown chief executive Garry Diack says Agnition is a response to the co-operative’s strategy ‘Smarter farming for a better New Zealand’.

“Ravensdown has an impressive track record of recognising, researching, and bringing to fruition technologies and services that enhance our shareholders’ abilities to interconnect precision-based performance with long-term sustainability,” he says.

“The focus is now on taking innovations to market faster, getting them on-farm and providing a return on investment for our shareholders.”

Diack says that supplying nutrients to New Zealand farmers is still core to the Ravensdown business.

“While Agnition will have the agility and expertise of a venture capital type company, it will have an important advantage of farmer insight when it comes to developing and launching on-farm innovation.”

Jasper van Halder, previously a strategy consultant for McKinsey & Company, has been appointed as Agnition’s chief executive.

He will have responsibility for a portfolio of existing Ravensdown investments, including C-Dax Agricultural Solutions, Cropmark Seeds, Southstar Technologies and Analytical Research Laboratory (ARL).

More like this

MSA triumph

OPINION: Methane Science Accord, a farmer-led organisation advocating for zero tax on ruminant methane, will be quietly celebrating its first foray into fertiliser co-operative governance.

Featured

AgriSIMA 2026 Paris machinery show cancelled

With the current situation in the European farm machinery market being described as difficult at best, it’s perhaps no surprise that the upcoming AgriSIMA 2026 agricultural machinery exhibition, scheduled for February 2026 at Paris-Nord Villepinte, has been cancelled.

NZ tractor sales show signs of recovery – TAMA

As we move into the 2025/26 growing season, the Tractor and Machinery Association (TAMA) reports that the third quarter results for the year to date is showing that the stagnated tractor market of the last 18 months is showing signs of recovery.

National

Machinery & Products

» Latest Print Issues Online

The Hound

Picking winners?

OPINION: Every time politicians come up with an investment scheme where they're going to have a crack at 'picking winners'…

» Connect with Rural News

» eNewsletter

Subscribe to our weekly newsletter