Stephen Warnken (left), Matthew Warnken (centre) and Sally Patten (right)
AgriProve named top innovator in Agriculture, Mining & Utilities on the 2022 AFR BOSS Most Innovative Companies list, also wins Best Service Innovation
AgriProve continues leading the way globally in soil carbon sequestration at scale through unique model
Australia’s fastest growing soil carbon project developer has invested over $20m on innovation to date
October 14 2022: AgriProve’s ongoing commitment to innovation and collaboration with partnering farmers has been recognised on the national stage, with Australia’s largest soil carbon project developer named one of Australia’s Most Innovative Companies at the 2022 Australian Financial Review BOSS event last night in Sydney.
AgriProve was named Most Innovative Company on the Agriculture, Mining & Utilities list, and also won the Award for Best Service Innovation from over 700 nominated organisations across Australia and New Zealand.
The company’s pioneering leadership in soil carbon combined with the sound business model that enhances both commercial and climate outcomes for partnering farmers was acknowledged as a unique point of difference.
AgriProve’s investments in innovation have established the company as the international market leader in soil carbon farming, with a growing volume of data available from nearly 500 projects providing world leading evidence and outcome-based insights and practices to inform land management strategies for partnering farmers.
AgriProve has committed over $20 million to date on a range of new developments including:
a universal digital agricultural land management strategy for carbon sequestration using satellite data
advanced soil measurement technologies, models and practices that are continuously improved
building a platform to customise data insights as a foundation for ‘digital twinning’ of farms.
AgriProve’s successful business model centres around removal of barriers to participation in soil carbon farming by taking on administration responsibilities associated with project registration and assuming project lifetime risk, enabling more partnering farmers to benefit from increasing their soil productivity and overall profitability by removing all upfront service costs.
AgriProve now makes up over 80 per cent of the soil carbon market in Australia, with a further 883 pipeline projects comprising over 835,000 hectares. In comparison there are less than 100 carbon farming projects registered internationally under voluntary soil standards.
Projects currently registered with AgriProve are expected to deliver over 3 million carbon credits by 2030.
Quotes attributable to AgriProve Managing Director Matthew Warnken
“AgriProve has a unique value proposition built on a partnership model designed to deliver better business and climate outcomes; we only get paid once partnering farmers have received credits from their soil carbon projects.”
“AgriProve was founded on the realisation that growing participation in soil carbon farming is crucial to meeting our Federal Government zero emissions targets, alongside the need for commercial scalability with regulatory integrity.
“I’m incredibly proud that AgriProve’s continuous updating of our commercial model with new technology and innovation has been recognised by the AFR alongside Australia’s most innovative companies. Our business evolves each year as we capitalise on new opportunities arising from our significant investments in technology, and our impressive soil carbon evidence base that will only grow over time.”
“AgriProve provides a solution to the complex process of participating in soil carbon projects and the creation of carbon credits, and our highly scalable business model benefits project owners and carbon credit consumers.”
“We’ve established an international pilot project in the US and I’m excited for what’s next as AgriProve continues to innovate, growing our amazing team of soil carbon experts, our knowledge and soil carbon success for partnering farmers who build climate resilience into their land while also growing revenue for their family businesses.”
Media contact: LJ Loch 0488 038 555 [email protected]
You can read the Australian Financial Review announcement article here