FarmLink has raised $24.6 million in its latest funding round, according to a recent SEC filing. The Kansas-City-based data science and technology company offers farmers a range of integrated business models from its proprietary data platform with the goal of driving modern agriculture to reach its full potential. 

 

Launched 15 years ago, the company’s MachineryLink Solutions service provides an equipment leasing and sharing service, allowing farmers to rent equipment on an as-needed basis, eliminating the need to tie up capital in purchased equipment. Farmers also have the option to earn a rental income on their owned machinery when it’s not in use.

 

FarmLink’s TruHarvest platform provides data, analytics, and insight to farmers and agricultural managers giving them the opportunity to maximize input variables for the highest possible yields. The platform gives actionable information that can be accessed on demand in real time by growers.

 

The company’s FarmLink Analytical Solutions platform integrates data from both public and private sources to develop the best solutions regarding the relationship between agriculture and natural resource conservation and management; giving public and industry leaders a base of knowledge that can be used for the implementation of best practices.

 

The Wall Street Journal reports that FarmLink chief executive, Ron LeMay has not disclosed the specific investors, but did note that the round included both existing and new investors to the company.