Sean O’Connor, CEO of 4AG Robotics Inc., a British Columbia company that is developing mushroom-picking robots, added that varying crops, soil and weather conditions in different markets make it “challenging to find ag-tech that has the ability to scale in a similar way everywhere in the world.”
FCC was established in 1959 to replace the Canadian Farm Loan Board as a lender to farmers. It has dabbled in venture capital on the side for years, but VC accounted for just $246-million of its $53.5-billion in total assets in its fiscal year ended March 31, 2024.
