Realtime soil nitrate sensor system for variable rate nitrogen application 13 million tons of N fertilizer used every year in the US 10 to 12 billion spent 5 to 6 billion lost Why it is important ID: 816201
Download The PPT/PDF document ": Making sense of soil nitrate sensing" is the property of its rightful owner. Permission is granted to download and print the materials on this web site for personal, non-commercial use only, and to display it on your personal computer provided you do not modify the materials and that you retain all copyright notices contained in the materials. By downloading content from our website, you accept the terms of this agreement.
Slide1
: Making sense of soil nitrate sensing
Real-time soil nitrate sensor system for variable rate nitrogen application
Slide2~13 million tons of N fertilizer used every year in the US
$10 to $12 billion spent$5 to 6 billion lost
Why it is important
Slide3Agricultural fields are variable, yet managed as uniform
Result?
Slide4Soil
N-Sense will make precision N management possible
Mapping nitrate concentrations of agricultural field
Adoption of precision N management would save the farmer
$28/acre
for this field
Peer-reviewed studies: $44 to 74/acre savings
Pioneer estimates: $60/acre loss due to N mismanagement
Slide5What do we offer
We are testing a real-time on-the-go sensor that can be used by farmers to measure soil nitrates for variable rate N fertilizer management
Slide6Recent technology breakthrough:
ruggedized spectrometers suitable for use in agricultural fields
Why now
Slide7Market size
$4.1 billion
$1.3 billion
$95 million
Precision Ag. market (CAGR 11.2%)
Variable rate technology ( CAGR 9.7%)
Large farm operations (>1000 acres) utilizing various tools to improve N use efficiency
Slide8Competitors
Technology
Real-time
capabilities
Direct nitrate measurements
High spatial resolution
On-the-go
N-Sense system
V
V
V
V
Encirca
SM
,
Adapt N (
Acquired by YARA, 2017
),
FieldView
TM
(
Acquired by Monsanto for $1B 2013
)
V
SupraSensor
(
Acquired by Monsanto, 2016
)
V
V
YARA,
Green Seeker,
OptRx
V
V
V
NECi
nitrate kit
,
360
SoilScan
TM
V
Veris
OpticMapper
V
V
V
Slide9Business model
Partnership with agrobusiness company (licensing/sale/acquisition)
Predicted sale price $50-60K per sensor system, annual service fee
7.5% licensing fee ($5-6M annually)
End users:
Large-scale farm operations (>1,000acres)
-2 year payback
Agricultural co-operatives that offer custom application of N
Slide10The Ask
$300,000 to build field mobile sensor prototype based on ruggedized spectrometer
Renting/buying
Designing/building prototype
Testing system on ag. fields
$900,000 to develop software, conduct field trials/calibration, produce a commercial-ready product
Slide11President: David Laird,
Ph.D
Agronomy 20+ years in soil sensor technology
CEO: Natalia Rogovska, Ph.D
Soil Sci.
15 years in precision ag., GIS
CSO: Thomas Chiou,
Ph.D
Eng. Mechanics
25+ years in using FTIR technology
Stephen Ringlee:20+ years in IT, life sciences, and manufacturing companies
Mark White: 30 years of financial, private equity, investment, management, and entrepreneurial experience
Business advisors