Today Landus announces the launch of Conduit, a first of its kind initiative that the cooperative says combines the best elements of a farmer-owned cooperative and a technology company.
Conduit will offer 0% financing to qualified borrowers on all input purchases in season, addressing one of the biggest challenges for farmers 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.
“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 plans to draw upon the experience and knowledge of committed farmers throughout the technology development process, ensuring the farmer remains at the center as Conduit makes products and services more accessible than ever.
Landus has also brought on former FBN executive Amol Deshpande as an advisor. Amol is a proven innovator across multiple industries who brings the necessary technical expertise and proof of concept as Conduit makes this digital transformation, Landus says.
Deshpande confirms his participation via a LinkedIn post. He states that “the intention is to make 0% (financing) a ‘permanent’ opportunity” and “other initiatives in sustainability where Landus has been a leader and ecommerce are on the way.”
“Farmers today are expecting greater speed and agility with products and services,” says Iowa farmer and Landus board member Matt Chambers. “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.”
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