Banco BV announced the conclusion of a R$2 million transaction through the BNDES Inovagro program, destined for the Baumgart group. The conglomerate operates in sectors such as shopping malls, civil construction and agribusiness.
This resource will be used to acquire seven robots equipped with artificial intelligence (AI). They will perform agronomic analyses in the field. The technology aims to optimize early-stage weed control, reducing herbicide use by up to 95%. In addition, the service can improve soil compaction and reduce the carbon footprint.
Financing aims to boost productivity
The financing also aims to increase agricultural productivity. The amount of R$2 million is the program's annual limit per beneficiary. In fact, this is the first operation of the two companies within the program to encourage technological innovation in agricultural production.
Inovagro is a program that requires a robust technical analysis of the socio-environmental risks of the area to be benefited. And, once again, we have demonstrated our ability to serve our customers in a differentiated operation aligned with our ESG and innovation purposes, says the executive director of Wholesale at Banco BV, Rogério Monori.
Blockchain is already part of Brazilian agribusiness
The sector, which accounts for more than 25% of Brazil's GDP, has been investing in innovation to optimize production for some time now. The country has initiatives such as digital barter for agricultural commodities. One of these is Agrotoken, which recently introduced a tool to manage and prove sustainable practices using blockchain.
In addition to Agrotoken, another Brazilian company has stood out by using blockchain to measure environmental impact in Brazil. Through proprietary platforms, Agrotools performs more than 2,000 daily analyses to accelerate credit in agribusiness, helping financial institutions to operate more safely and quickly, considering ESG criteria such as deforestation, planting, fires, guarantees, environmental embargoes and climate risks.
In June of this year, the agtech announced a partnership with B3 to incorporate the Agrotools platform into the process of registering agribusiness titles such as Rural Producer Bonds (CPRs) and others at B3.
Today, the bigtech analyzes more than 4.5 million rural territories and monitors R$15 billion in commodities. In addition, there are more than R$50 billion in rural financing that are supported by at least one of the company's solutions, and around R$100 billion in agribusiness operations monitored.
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