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Founder story · Agritech, farm data & decisions

Someone already brought farm sensor data together. So YieldIQ turned to the farm's books

“In going through the SMEC program and doing a bit of that market research, we understood that there was already an incumbent that had brought a lot of that IoT data together. And so we pivoted in the end…”

Robin Moyer
Robin MoyerCo-founder, YieldIQ

In their words

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What AI Pathfinder changed0:56
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The genesis of this idea was born through the SMEC AI, so obviously we're very thankful for the program. So it was really about educating us, helping us understand how to go through the process of validating an idea, through understanding the market size, doing customer interviews to really get that problem market fit is the sort of lingo around it, and making sure that we were building something that people needed. And so then being able to bring sort of a refined, validated idea to someone like the RDA meant that we were able to kind of continue that project on in kind of field trials, no pun intended, and really kind of get their support to find an appropriate pilot partner.


Single view

of a farm's financial, cropping and livestock systems

Pivot

from farm sensor data to farm finances, after customer research

Kangaroo Island

where a large mixed farming group is piloting it


An economist among regional businesses

Robin Moyer has a background in economics. He lives in Uraidla, in the Adelaide Hills, and runs an advisory practice for regional businesses across South Australia. He also mentors small businesses through a regional mentoring program.

That work put him in front of a lot of farms.

I run an advisory business focusing on regional businesses, and through that I've really got to meet a whole bunch of different regional businesses, including a lot of agribusiness, and that's sort of where we've kicked off with our project.
Robin Moyer, Co-founder, YieldIQ

A glut of data on the way

The first idea came from the sensors. Farmers were being pitched moisture sensors, spore traps and connected machinery, and each one would add data they had never had to manage before. YieldIQ set out to bring it together. The team started, he says, "prior to AI being where it is now".

So we first understood that there was gonna be a glut of data for farmers… so things like moisture sensors and spore traps and even the data that comes from the machinery themselves…
Robin Moyer, Co-founder, YieldIQ

The research said someone got there first

In AI Pathfinder, the work started with the idea, not the technology. The team sized the market and interviewed the people they hoped to serve.

The research turned up an incumbent that already brought farm sensor data together. Rather than build a second one, YieldIQ pivoted.

…helping us understand how to go through the process of validating an idea through understanding the market size, doing customer interviews to really get that problem-market fit is the sort of lingo around it, and making sure that we were building something that people needed.
Robin Moyer, Co-founder, YieldIQ

A farmer with an adjacent problem

Through his mentoring, he met a farmer whose problem sat next door to the original idea. It was not sensor data. It was the farm's financial management, spread across its core systems, and the hours it took to pull together.

The client that we're working with was spending a large portion of his week on forecasting and bringing data together in a very sort of ad hoc kind of way.
Robin Moyer, Co-founder, YieldIQ

One view of the farm

YieldIQ's pilot brings a farm's financial, cropping and livestock management systems into one place, then adds outside data such as weather and pricing.

“We're focused in this pilot one on financial cropping and livestock management systems and kind of bringing those into a single view, and then augmenting that with other third-party data sets, weather and pricing and that sort of stuff, really to simplify the decision-making process for farmers.”

The decisions are practical ones: when to hold stock back, how prices are moving, how repairs and maintenance affect what a farm gets out of its machines, and when to upgrade them. The first benefit comes before any of that. Farmers become "cognisant of their data and how they need to structure it", and the data hygiene comes first.

What it brings for the farmer is some clarity around some data-driven decision making that they might not have previously been able to do.
Robin Moyer, Co-founder, YieldIQ

Why Kangaroo Island

The pilot partner is a large mixed farming group on Kangaroo Island. The island is a useful test. Distance pushes its production costs up, and it is a non-GM growing area, which gives farmers a value-add opportunity if they can model it.

That modelling, he says, depends on "having the right data to do the right modelling".

And Kangaroo Island's in that unique position where they've got higher production costs because of where they are, but they also have the benefit of being a non-GMO environment.
Robin Moyer, Co-founder, YieldIQ

Validate first, AI second

AI was always part of the plan; YieldIQ was "inherently an AI-driven project". What the program changed was the order of work. It put validation first, kept the team returning to their target customers at each stage, and connected them with founders and mentors around the country.

“So yeah, that continuous feedback loop was really useful in us arriving to where we're at today.”

A validated idea also gave him something to take to the regional body he mentors with. Its support led to field trials and a pilot partner.

And so then being able to bring sort of a refined, validated idea to someone like the RDA… meant that we were able to kind of continue that project on in kind of field trials, no pun intended, and really kind of get their support to find an appropriate pilot partner.
Robin Moyer, Co-founder, YieldIQ

The impact

What changed for YieldIQ

  • A pivot from farm sensor data to farm financial management, made after market research found an incumbent

  • A pilot with a large mixed farming group on Kangaroo Island, bringing financial, cropping and livestock systems into a single view

  • Weather and pricing data alongside the farm's own, for decisions on holding stock, prices, repairs and machinery upgrades

  • Farmers who now know their data and how it needs to be structured


“What was great about it was that it was focused on that first and not necessarily on AI, and I think the AI piece was generated through the community that the Pathfinder program actually brought us together sort of nationally, which was really great and some of the incredible mentors that sort of came in and provided some guidance. But foundationally, it was able to kind of give us that thinking around how to ensure that the idea that we were pursuing was worth building.”

Robin MoyerCo-founder, YieldIQ

Robin on LinkedIn

Your eight weeks start here.

AI Pathfinder is a free eight-week program for Australian founders and SMEs building with AI, funded by the Australian Government. You get a live workshop and office hours every week, plus a cohort of founders at the same stage as you.