DES
MOINES, Iowa, April 30,
2024 /PRNewswire/ -- Today, leading agriculture
solutions company Landus announces Conduit, a first of
its kind company that combines the best elements of a farmer-owned
cooperative and a technology company. The Conduit platform will
change the way farmers do business by initially offering low cost
and user-friendly online financing, ultimately offering tools that
support all aspects of agricultural commerce, insurance, and
sustainability.
"Cooperatives have been offering the same dependable support to
farmers for the past 100 years and Landus will continue to honor
that tradition. But the next 100 years will look a lot different,
and the farmer of tomorrow will need a different set of tools to
succeed," says Landus President and
CEO Matt Carstens, "With Conduit, we
are focusing on the needs of the farmer of tomorrow using
cutting-edge technology to serve them. Conduit offers farmers more
accessibility and more options so farmers can operate more
efficiently and make more informed decisions."
While Landus and its farmer-owners will be the majority
investors, Conduit investors will also include individual farmers,
Landus and Conduit employees, and mission-aligned partners. By
including farmers as investors and shareholders, Conduit will draw
upon the experience and knowledge of committed farmers throughout
the technology development process, ensuring that the farmer
remains at the center as Conduit makes products and services more
accessible than ever to all farmers across the Midwest and around
the world.
"Landus is rooted in strong relationships with our farmer-owners
and our partners. We keep the farmer at the center of everything we
do, and we are committed to continue finding innovative ways to
serve them," said Carstens, "Our supply chain and logistics network
is ready to reach farmers across the Midwest and we have found the
right technical expert to create an integrated interface designed
specifically to address farmer's needs."
As part of this new platform, Landus has brought on Amol Deshpande as an advisor. Amol is widely
known as a mission driven entrepreneur who cares about rural
America with a proven record of innovation. Amol's deep knowledge
and experience in evolving traditional systems to modern technology
platforms is unmatched. He is a proven innovator across multiple
industries who brings the necessary technical expertise and proof
of concept as Conduit makes this digital transformation.
Farmer and Landus Board Chair Matt
Chambers says, "Farmers today are expecting greater speed
and agility with products and services. They deserve access to
financing, to inputs and materials in whatever manner they want,
and they need options that are easily available so that they can
stay focused on execution. If they want to buy from their local
supplier in a traditional way, that's great. And if they want to
explore other products and services, they need to be able to find
new partners and learn about new solutions."
As part of the launch and as an ongoing initiative, Conduit will
offer 0% financing to qualified borrowers on all input purchases in
season, addressing one of the biggest challenges for farmers today
as they battle the rising cost of operating capital. Additionally,
Conduit will be making financing opportunities available in certain
states for land, input, and equipment loans.
About Landus
Landus is a forward-thinking agriculture solutions company that
keeps the farmer at the center. Landus connects thousands of
farmer-owners with the world through grain, agronomy, and
distribution, deploying traditional and nontraditional methods
fueled by innovation and sustainability across 34 states and 16
countries. Landus is known for transforming the traditional
cooperative model with its innovative approach to technology and
strategic partnerships, identifying the challenges that farmers
face today and developing data-backed individualized solutions that
impact every part of the supply chain.
Contact: press@landus.ag
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SOURCE Landus