AGFIN offers farmers technology now without upfront costs
A pay-as-you-go platform, dubbed “an Afterpay model but for the bush”, has been launched in a bid to give livestock producers better access to equipment, including water-monitoring devices.
AGFIN, launched last week, allows farmers Australia-wide to rent devices and livestock calming supplements from ag-tech innovator Mark Peart’s company DIT Technologies for a monthly fee.
The Toowoomba-based DIT manufactures water monitoring cameras, remote monitoring tank sensors and solar-powered weather station units.
It also sells water supplementation products for livestock.
Mr Peart said dry conditions nationwide had spurred him to create AGFIN in a bid to provide farmers an affordable solution to implement technology without upfront costs.
“AGFIN is a game-changer for farmers — it’s a company that was born out of a roadblock to continued innovation in the ag-tech sector,” he said.
“DIT Technologies has grown so rapidly that we needed a business to help fuel this growth and we also needed to introduce a PAYG model for farmers similar to an Afterpay model but for the bush.”
AGFIN intends to decrease costs associated with supplementing livestock by up to 50 per cent for early adopters. Mr Peart hopes farmers using the AGFIN model will see a return on investment.
The Indigenous Land and Sea Council-controlled Roebuck Export Depot, about 30km east of Broome, is set to use DIT’s water-soluble calming solution to reduce cattle stress.
The UCALM supplement has already been used aboard Wellard-owned livestock vessels during cattle voyages.
It encourages feeding during or after transport to ensure cattle maintain conditioning.
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