Increasing profit, reducing risk, and saving time Imagery for Farm and Ranch Topics ● TerrAvion who we are ● What is high re-visit aerial imagery? ● Differentiation: Frequent + Fast = Real Control ● Growers profit, reduce risk, and save time ● Agronomists recommend better, faster, and with more focus Swords to ploughshares Our history is service Genesis: Drone Video for Army Staff 2007 – Ghazni, Afghanistan Our unique insight: visual control of operations You can’t effectively fight problems you can’t see Main competitor to imagery is trusted officers driving around in a truck (both in defense and agriculture) Reality: TerrAvion Map of Crop Difference 2015 – Salinas, California TerrAvion Heritage: Service to Operators 2006 2013 2014-2015 Inspiration Development Specialty Crops TerrAvion’s founder & CEO leads Army drone platoon in Afghanistan Carnegie Mellon engineering and Y Combinator technology Weekly service across West Coast and South America Focus: imagery to control operation Focus: 90%+ price reduction Focus: wine grapes and specialty crops 2016-2017 Irrigated Crops TerrAvion expands to support ag retail partners Focus: corn, soy, and cotton Aerial Imagery to Control Farm Operations What we do and how it works Visual Control Makes Better Factories (and Better Farms) How is this done: Hardware + software + operations + API = imagery as a service 16:00 Landing 08:00 Takeoff 05:00 User login 17:00 Upload & processing 23:00 QA & delivery • We fly rented planes over our customers’ farms. • We build our own sensors that detect: imagery, plus chlorophyll density and water transpiration. • NASA Landsat (#1 scientific remote sensing platform) cost $100M+. Our equipment: 100x better resolution, we build for $50K each. • We process the data (1TB per plane per day) in the cloud overnight, and farmers get it over the web, mobile, and iPad. Growers count on many more images at much higher resolution from fixed wing vs satellite Satellite does not work for visual control, stand counting, or open canopy crop forecasting & is not reliable due to those pesky clouds LANDSAT TerrAvion Background LANDSAT image captured during same cycle as TerrAvion image TerrAvion is the lowest cost for growers What’s wrong with this picture? Best Value for Creating Grower Value Why we are different What’s it worth? Tony Vertolli Viticulture technician, Constellation Brands “[You’re] able to see specific management practices, and the effect they have on the imagery, aka, the vines” Lise Asimont Viticulturalist, Francis Ford Coppola Winery “Before I started using TerrAvion I really thought I was a Rock star with my irrigation practices… we realized we weren’t as good as we thought we were.” Jasen Gibbons Corn Grower, Eastern Washington “You can’t hide anything -- you can’t hide mistakes. If you can see those mistakes, you can improve [your agricultural practices].” You Tangible Grower Use Cases Reduce risk See problems before they spread. Track them until they require action Low vigor due to: Thermal anomalies due to: Pests Clogged emitters Disease Broken regulators Water Stress Uneven/unbalanced emitters Nutrition Stress Water Leaks Emergence Issues Uneven moisture levels 2 What do you harvest / treat together? 1 2013 2 1 2014 Increase profit Reduce risk Save time Measure & Analyze Growers who know manage better ● Irrigation ● Fertility ● Crop Protection ● Labor & Equipment ● Management & Scouting ● Forecasting & Planning Fix uneven, clogged, or damaged irrigation React to Uneven Plant Development with Fertility and Irrigation A yellow spot on the map See disease, intervene, and monitor Shows the extent of a viral infection Allocate your time and your people to the biggest issues Solve problems invisible from the road Driscoll’s Santa Maria Strawberry Field Driscoll’s Agronomy Strawberries have many advantages • Tiny fields • Concentrated regions • Intensively managed • Easy to see over Even in Strawberries, Aerial Imagery is beneficial in showing problems Or make a real plan to cheaply monitor and save inputs on problem areas Guide sampling and forecast your output Vigor Acres 0.2 1.7 5.8 7.6 9.8 31.7 0.1 Forecast Demonstrated ROI Examples Grapes, Harvest Zones For Differential Harvesting ina Sonoma Add caption to your image Aerial Imagery Enables Differential Harvesting ● ● ● ● ● Potential Results: ○ $1141 per acre in increased revenue due to optimized harvest planning Situation: ○ Uneven field vigor results in mixed quality grape harvest. Action: ○ Use NDVI to create sampling and harvest zones. Create harvest plan. Harvest differentially. ROI: ○ ROI = 38X ○ ROI = [((1.00*($2411)) (0.75*($2411) + 0.25*($1300)] *4 tons/acre / 30 $/year Key Assumptions: ○ 4 Tons / acre harvested ○ Low value grapes = $1300 / ton ○ High value grapes = $2441 / ton ○ Harvested zoning increases grape quality by picking based on vine stress ○ Picking by vine stress increases value by 25% per acre Grapes, Soil Sampling, Sonoma Sampling Zones Add a caption to your image ● ● ● ● ● Potential Results: ○ 1.53 X ROI through the reduction of soil samples early in the season Situation: ○ Current methods of capturing soil samples include random methods, capturing samples on spatial distribution Action: ○ Monitor NDVI to guide sampling decisions ROI: ○ ROI = 1.53X ○ ROI = [1 sample per 3 acres x 100 acres = 33 samples] ; [69% reduction in samples = 10 samples] ; 200.00 per sample x 33 samples = $6600 vs 200.00 per sample x 10 samples = 2000.00 ; 6600/2000 = 3.3 ; 100 acres @ $30/acre subscription = 3000 ; (diff = 4600)/ $3000 = 1.53 Key Assumptions: ○ 1 soil sample per year, @ $200.00 per ○ 1 sample per 3 acres ○ Using imagery, possible 69% reduction in samples needed Grapes, Travel in Multiple Vineyards, Sonoma Aerial Imagery Enables Travel Prioritization ● ● ● ● ● Add a caption to your image Potential Results: ○ $7 per acre in savings due to decreased travel time and mileage expense Situation: ○ Manager visits all vineyards weekly to evaluate health and progress Action: ○ Manager is able to reduce travel by using aerial imagery to identify vineyards that don’t need in-person visit ROI: ○ ROI = 0.7X ○ ROI = [($0.55/mile x 5 miles x 10 visits/week x 20 weeks) + ($40/hr x .5 hours x 10 visits/week x 20 weeks) x 30% cost savings]/[$10/acre x 200 acres] Key Assumptions: ○ Manager Wage = $40/hour ○ Mileage Allowance = $0.55/mile ○ 10 vineyard blocks (20 acres each), located within 5 miles from each other ○ 20 weekly visits during growing season ○ 30% travel savings due to imagery use Grapes, Frost prevention, Sonoma Relative Temperature map Add a caption to your image ● ● ● ● ● Clogged Sprinkler Difficult to See Clogged Sprinkler Revealed by Thermal Image Potential Results: ○ $260 / acre loss prevention Situation: ○ Frost damage will reduce annual yield 50-100%, depending on grape varietal. Wind machines cost $30k, and helicopters are $900 / hour Action: ○ A heat distribution map will show the relative nighttime temperature of the vineyard, and allow for a combined, comprehensive, and cost effective strategy ROI: ○ ROI = 10X in small scale prevention, plus 2-3000x ROI in frost management plan optimization Key Assumptions: ○ Frost flight on a 40-acre field costs $26 / acre ○ Losses of 5% in a frost event (10% frostdamage) would result in a net loss of $260/acre ○ Optimizing could reduce prevention costs by thousands of dollars Agronomist Benefits Scaling the reach of agronomic expertise and recommendation Report from 2016 Agronomists, PCAs, and Tech Specialists Subscription imagery programs: ● Benefit the grower ● Can be sold by retailers in the agronomic inputs basket ● Help move other products by showing need The Future Many new indices under development “True” Crop Water and Nutrition Stress Indications Integration with Top Analytics Providers Stand Counting and Harvest Estimation at Sub 5cm Resolution Forecasting: Counting Questions? Bob Westbrook | Senior Vice President | [email protected]
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