Data gathering: To ensure we understood the size of the problem and to ensure we would release a viable product for the initial release, we conducted a series of interviews with a range of different grain traders and operational managers across multiple organisations such as Cargill, CHS Broadbent, Grain Corp and CBH totalling to 10 participates.
Insights: We identified five themes:
•The data accuracy has to be at least 85% to be useful insights that grain traders would feel comfortable with using in their role.
•Crop growth is dependant two key factors of weather and temperature to be able to project crop growth accurately.
•Historical weather and temperature information would allow grain traders to compare year on year data to analyse patterns in crop growth.
•The current method to set pricing for future grain commodities, requires people scouting on the road or commissioned aerial imagery of competitor farms, resulting in substantial costs.
• Traders will use multiple different platforms, such as Elders weather, Google Earth, Microsoft Excel.
Competitor analysis: Although there are a few geospatial cropping companies globally, such as Onesoil, and EOS, they don't accurately service Australia making the data inaccurate to be useful.