Farmland Data Platform
AcreTrader, a farmland investment platform, was looking for an easy-to-use tool where they could find soil and imagery data, comparable sales, and local insights. It didn’t exist, so they built Acres. Dr. Aaron Shew, data science director at AcreTrader, said the tool was a game changer in helping make things more efficient for the company.
Shew… “Basically, we had five or six different tools that we were piecing all of this together in, which when you think about the efficiency of a deal, so AcreTrader for example, we’ve got big goals in terms of how many farms we’re doing in a given week. So we’re at about two a week now on average. That’s not really possible if you’re having to use six softwares and generate reports.”
Shew says the software helps them to stay informed on all things land data and gives them a place to store and share information.
Shew… “Having one space, not just to access the data layers, but also to save and customize land and take all your notes and keep them private to you, was really the impetus for us to build this out, and we’ve just realized there’s actually a much broader market for this kind of tool out there. There’s been a lot of effort, like I said, on the farm management and precision ag side of mapping. There’s not been a lot of effort beyond sort of basic parcel mapping or soil maps that would support land transactions.”
Learn more about the functions of Acres on their website at acres.co.