A cutting-edge new digital forecasting tool to maximise planning and profitability for soft fruit growers has secured 拢2.8m in investment.
FruitCast, which has been trialled on leading soft fruit farms in the UK over the last two years, will launch in 2024 thanks to the capital raised from private investors, Ceres Agritech and Innovate UK聽through its investor partnership programme.
The startup has been created in response to the demand from growers to more precisely forecast fruit growth development to help plan labour and market supply and protect margins.
FruitCast CEO, Richard Williamson, formerly managing director of Dyson Farming and a consultant in bold strategic change, said:聽鈥淩aising this capital is testament to the developer Raymond Martin and the team who have created a cutting-edge tool that is immensely valuable to growers.
鈥淚t could be a gamechanger for an industry plagued by challenges that are persistently squeezing margins.
鈥淭he AI capability is driven by one of the largest databases in the world, which gives it a firm foundation for accurate forecasting ahead of other competitors.
鈥淭his combined with the depth of understanding of practical agriculture and proven capability has made FruitCast attractive to agritech investors in what is a competitive and noisy marketplace.鈥�
Traditionally yield forecasting is based on skilled workers counting plants and multiplying up to predict quantity and harvest dates.
FruitCast uses a moving camera to take thousands of photographs to measure individual fruit numbers, weight and the maturity of millions of berries per day.
Chief technical officer, Dr Raymond Martin, developed FruitCast on the back of his PhD on optimising soft fruit processes, when growers asked him not to leave his research on the shelf.
He said yield forecasting is the holy grail for soft fruit growers.
鈥淚t鈥檚 a time sensitive crop, and too much fruit in any week means waste and loss, and too little, you lose business,鈥� he said.
鈥淲e鈥檙e delighted to have attracted the funding and industry support to bring FruitCast to launch.
鈥淲e want all growers to be able to precisely forecast their season to give them the leverage to take back the power in managing their costs and customer contracts.鈥�
The technology, which delivers predictions back through a user-friendly interface so production managers can allocate labour and market sales for up to six weeks in advance, is being trialled at field-scale with two of the UK鈥檚 leading soft fruit growers and processors, W B Chambers and Place UK.
It鈥檚 the success of these trials and response from growers that has stimulated the substantial investment.
Place UK production manager Dan Yordanov said soft fruit growers need as much information as possible.
鈥淧lanning our labour needs and availability for our customers is wholly dependent on accurate estimation,鈥� he said.
鈥淭here鈥檚 a lot of calculation in forecasting, it takes a lot of time, a large amount of input from experienced staff and is currently subject to human error. This is a real challenge for the industry.
鈥淚鈥檓 excited to see FruitCast come to market. It is more advanced than others we鈥檝e seen, but it鈥檚 also based on a valuable combination of agricultural knowledge and technology.
鈥淭here鈥檚 plenty of very advanced AI out there, but the team at FruitCast understand what we need it to do rather than what it can do.鈥�
Every year, the UK produces 120,000 tonnes of strawberries from approximately 4700ha, with a value of 拢659m at retail.聽Labour is 60 per cent of a crop鈥檚 production cost so using it effectively is vital.
An initial 拢520,000 in funding in 2022 came from Ceres Agritech, which finances commercial agri-tech projects from its university partners. This allowed FruitCast to develop the tool and build a prestigious team of research scientists and industry experts.
Recent investment of over 拢1.1m to take Fruitcast to launch has come again from Ceres Agritech and聽Innovate UK in addition to private investors.
Louise Sutherland from Ceres Agritech said:聽鈥淔ruitCast has huge potential to make transformational change in the industry.聽Predicting the timing and yield of strawberries is critical but extremely difficult to do accurately resulting in significant lost sales.
“Precise forecasting will help to increase growers鈥� annual margins. We are delighted to see that a Ceres Agritech-backed technology is going to market.鈥�
FruitCast will be a subscription system. Development will continue over the next six months to become commercially available for early-access in the 2024 growing season, with the opportunity to build on it for other crops including other soft-fruits, top-fruit, brassicas and salads.