en.Wedoany.com Reported - Leaf Agriculture has announced the completion of a $13 million Series B funding round, co-led by Bayer's Leaps by Bayer and a group of industry strategic investors. The company focuses on converting farmers' proprietary data into usable, structured information to support AI applications in agriculture.
U.S. farmers are currently facing dual pressures of rising costs and declining incomes. The U.S. Department of Agriculture predicts that wheat production may hit its lowest level since 1919, while fertilizer prices have surged over 25% due to supply chain disruptions caused by the Iran war. Meanwhile, U.S. agricultural income is expected to decline for the fourth consecutive year. In this context, accurately and efficiently processing farmland data has become particularly critical.
Leaf's platform can integrate agricultural data from diverse systems, including machinery, soil laboratories, weather stations, satellites, and farm management software, and then unify, clean, and structure it. This enables its partners to more quickly develop precise seed and chemical application rates, thereby reducing waste and lowering input costs. In the insurance sector, the platform helps crop insurance companies process claims within days, compared to the traditional process that takes months, allowing farmers to access funds faster for the next production season. Additionally, Leaf creates new revenue opportunities for farmers through compliance and sustainability partnerships, saving hundreds of hours of manual data entry each year.
Since its founding in 2021, Leaf has processed agricultural data covering over 20% of the world's crop acreage annually. The company plays a role in agriculture similar to Stripe in payments or Plaid in banking—providing the underlying infrastructure for agricultural data application companies. As digital technology rapidly spreads in agriculture, incompatible data systems and isolated operational ecosystems have become bottlenecks hindering industry development. Leaf helps companies and enterprises break down data silos through its platform, supporting decision-making optimization across the entire cycle from pre-planning, planting, growth, harvesting, to sales.
Dr. Jeremy Williams, Head of Digital Agriculture and Commercial Ecosystems at Bayer Crop Science, stated that digital tools are transforming how farmers use seeds and crop protection products, with platforms like FieldView leading the way. Through its connected partner network, Leaf enables more farmers to leverage FieldView data for crop insurance, sustainability, and agronomic decisions. Leaps by Bayer's investment in Leaf is a concrete step toward providing farmers with better returns and simpler digital experiences.
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