Oceanfarmr offering new finance options
Australian-founded tech startup Oceanfarmr is widening its offering by launching Farm to Buy – an alternative to traditional farm financing.
The company says ocean farmers such as oyster, mussel and seaweed farmers find it more difficult to get capital than traditional farmers due to not owning physical land, which can be used as an asset.
With Farm to Buy, Oceanfarmr will provide the farming resources under an agreement where, when the crop is sold, the proceeds will be used to pay out the finance.
The farmer will then own the new farming system outright, allowing them to continue farming with their own infrastructure.
Oceanfarmr describes itself as a “digital farm operations system built by farmers, for farmers” which uses complex monitoring systems and geolocation technology to allow aquaculture farmers to capture and track their farm’s performance.
Founded by marine biologist turned oyster farmer Ewan McAsh, the app uses analytics, mapping and advice to help farmers grow their businesses.
The Oceamfarmr team works with farmers involved in the Farm to Buy program, providing both business insights and the physical infrastructure they need, such as baskets, lines and oyster seeds for oyster farmers.