Agtools Inc.

#Agtools was selected by #1871 for their #AIIncubator on the area of Agriculture and Food. 1871 is a global innovation hub based out of Chicago, IL with over $3.5B of impact. – The incubator gets its name from the Great Chicago Fire in 1871; and just like the 1871 fire, the incubator is the spark for a new re-birth of Chicago and has become a model of innovation. Chicago is home to over one-third of the world's options and futures, and the city's financial district is known as the "Wall Street of the Midwest" allowing Agtools to demo and work locally with financial organizations.

Good News for 4th of July Celebrations! U.S. #farms and #ranches produced $543 billion in #agricultural products, up from $389 billion in 2017. With farm #production expenses of $424 billion, U.S. farms had net cash income of $152 billion. Average farm income rose to $79,790 A total of 43% of farms had positive net cash farm income in 2022.   Source: AgCensus

Happy 4th of July

#IFPA – International Fresh Produce Association – the largest association serving the entire #freshproduce and floral supply - yearly event in Guadalajara, Mexico was an opportunity for #Agtools to launch new data on our terminals. Terminals are real time monitors use by our customers to have on their trading floors, meeting areas or desktops to keep up with mission-critical data. Traders (Buyers and Sellers) and all levels of Hedgers are adapting to have data transparency and accurate to manage their daily operations more efficiently.

A total of 153,101 farms and ranches used #renewable #energy producing systems compared to 133,176 #farms in 2017, a 15% increase.  The majority of farms (76%) with renewable energy systems reported using solar panels.   Source: AgCensus   #RenewableEnergy

Pineapple Boom! U.S. Availability Soars Costa Rica Leads with 87% of Imports! 🌴   U.S. #retail per-capita availability of #pineapples has jumped from 5.4 pounds in 2010 to 7.3 pounds in 2022, according to the USDA.  U.S. #imports of all pineapples have grown more than 9% in 10 years. #CostaRica accounted for 87% of all pineapple’s imports in 2023, with the balance supplied by #Honduras, #Mexico, #Guatemala, #Ecuador, #Peru and other countries. Source: USDA & Agtools  

#FathersDay and Farming Productivity 2022- About 64% of #usa #farmers were male, 2.15 millions #male #producers generated #food, fuel and fiber for Americans and people around the #world. Male producers had higher rates of involvement in land use and/or #crop, #livestock, and #marketing decisions than female producers. Did you know? Different countries celebrate on various dates. Spain and Italy on March 19, Australia and New Zealand on the first Sunday of September.   Sources: NRF / Census of Agriculture

Cropland Value Increasing – Impacting Food Costs The average value of U.S. #cropland (#irrigated and non-irrigated) was $5,050 per #acre in 2022, increasing 14.3% from 2021. From 2008 to 2022, cropland value increased 83%. For U.S. #pastureland, the average value in 2022 was $1,650 per acre, a $170 increase over 2021 and a 51% increase since 2008.   Source: NASS / USDA

HOPE! Young USA Producers under the age of 35 GROWING! 2022 - #UnitedStates had 296,480 young #producers (those under the age of 35), accounting for 9% of the country’s 3.37 million producers. 81% percent of young producers started #farming in the last 10 years, and 64% reported having a primary occupation other than farming. Young producer-operated #farms accounted for 15% of U.S. #agriculture sales and 12% of U.S. #farmland.   Source: USDA /Census

#MemorialDay2024