PODCAST: A new wave of agtech consolidation
According to Capital Market’s database, Pitchbook, more than 100 agtech companies were acquired in 2022 and this year is on pace to top that total. The market isn’t far from historic levels, but the question remains: is 2023 the year that agtech consolidation accelerates? On the heels of their own acquisition, Intelinair CEO Tim Hassinger joins us to talk the agbioscience’s biggest hurdles, how those are driving innovation and introducing a new wave of talent to the sector. He also gets into Intelinair’s recent acquisition of Aker Technologies, the winner of AgriNovus’ 2022 Producer-Led Innovation Challenge and what they bring to the company’s technology platform. As agriculture moves through another cycle, what opportunities lie ahead for agtech and this new wave of innovation potentially being equally balanced between quality of product and farmer adoption rate.