Semios growth advances

Vancouver-based pest control company SemiosBio Technologies Inc. has made its first acquisition, continuing its growth as one of the province’s most successful agritech startups.

Semios announced June 8 that it had acquired Altrac, a California-based developer of cellular control technology for agricultural equipment, including wind machines, pumps, and valves. Terms of the transaction were not disclosed.

The deal grew out of a partnership established last year that saw Semios pair its in-canopy climate sensors with Altrac’s frost fan automation devices to manage the risk of frost to crops.

“The acquisition of Altrac is a pivotal first step in Semios’ ambitious strategy to consolidate crop management solutions into one, easy-to-use platform,” Semios says in its announcement of the deal.

Semios funded the purchase with proceeds from US$75 million in private equity received last year in a funding round led by Morningside Group of Boston, a private equity and venture capital firm. The funding was designed to advance the development of data-driven crop management solutions.

Since its founding in 2010, Semios has raised more than US$115 million in funding. Speaking in 2019, founder and CEO Michael Gilbert attributed investor confidence to the company’s focus on being profitable.

Semios licenses its technology for $100 to $300 an acre per year to growers managing 500,000 acres, primarily in the western US.

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12 hours ago

It was another sell-out at the 31st annual Fort Langley Cranberry Festival on Saturday with organizers selling 5,000 pounds of locally-grown, fresh berries in less than five hours. Youth from the Fort Langley Lions Club's Young Lions program scooped, bagged and weighed several pallets' worth of cranberries. Ocean Spray donated the berries, which the public bought to benefit the community. Local grower The Bog was also selling fresh berries, having brought 2,700 pounds, which were on track to sell out by the end of the#BCAgt.

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5 days ago

There was a lot of reminiscing and appreciation of how far BC's turkey industry has come at a reception celebrating the 75th anniversary of the BC Turkey Association and the 60th anniversary of the BC Turkey Marketing Board yesterday in Abbotsford. With a slideshow of events and people over the years, guests laughed and had a lot to be thankful for. "It's an opportunity to celebrate the industry at a time of year that's known for turkey. It's a culmination of all the year's work," says Natalie Veles, executive director with BC Turkey Marketing Board.

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Love it - Deb Etsell I see you 🤩

6 days ago

BC was the sole province to see farmland values decline in the first half of this year, dropping 1.9% according to a Farm Credit Canada report released Octover 7. This represented an acceleration in value declines from last year, and contributed to a 3.9% decline in the 12 montsh ended June 30. The drop follows on a 1.7% decline last year, which Farm Credit Canada attributed to tougher times in the fruit sector. However, the mid-year report points to a broader slowdown in value growth diven by higher production costs, tighter margins and uncertainty around trade, tariffs and international markets.

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Ndp

3 weeks ago

Channels of communication remain open between the provincial and federal governments with respect to financial relief for extraordinary costs stemming from this summer's ongoing drought and wildfires, but the BC Cattlemen's Association is urging producers to register for AgriStability to position themselves for any AgriRecovery package. "Hardworking families in the ranching and agriculture sectors, who provide food for the province, need the AgriRecovery program in place as soon as possible," says BC Cattlemen's president Alex Kuchar. But the provincial election creates an unfortunate delay. "It's not fair, in any form of the word, to see all those people who have lost so much in the fires to have to wait in limbo," says BC Cattlemen's general manager Kevin Boon.

Photo | Barb Edmonson / Firefly Ranch, Clinton

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Feedback on changes to rules governing food processing in the Agricultural Land Reserve has drawn about 250 submissions. But the proposal now hangs in the balance with Premier David Eby's decision to call a snap election, which also delays discussions of assistance for farmers hit hard by this year's wildfires and historic #BCAght.

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What would you expect from the NDP, when they still had a 2 year mandate?

Ridiculous timing. We have people needing answers and have to plan for winter supplies. Fires are long past, months have gone by knowing there was going to be the need for support. Drought was written on the wall even before summer began with no snow pack. This is not new to government and they are calling for another year just as bad for 2027. I throw my hands up and wonder what else needs to be more challenging than what we've experienced over the last 6 years in BC?

250 submissions.... I'm pretty sure there are more than 250 farmers in BC