CHS and Growmark are working together to invest in ag technology. A year ago, the two large farm cooperatives formed a venture capital fund called Cooperative Ventures. The first investment has been in Sabanto, which is in the autonomous farm equipment space. CHS Senior Vice President David Black is optimistic about the prospects with this start-up. “We, like everyone, are dealing with labor challenges across all the ag industry,” said Black. “That’s a space where we’ll continue to look for opportunities that help farmers and help our co-op members. Autonomous farming, we see them very much in our future.” Future investments will likely be in the area of sustainability, the supply chain and precision agriculture.
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