Belfast-based AgriTech company Devenish has launched a new sustainable farming initiative to help decarbonise the global agriculture sector.
By accurately measuring on-farm carbon emissions and carbon sequestration, it is estimated Agrinewal will enable over 5m tons of carbon to be sequestered by 2030.
In collaboration with global professional services firm Accenture, Agrinewal provides a Carbon Balance Sheet and identifies actions which will help the wider agricultural sector reach net zero carbon emissions and beyond.
Through artificial intelligence and cloud technology, the system uses precise monitoring and regenerative agriculture practices, such as soil health, biodiversity and carbon sequestration and focuses on the renewal of resources, rather than depletion.
In a statement, Devenish said that "Agrinewal improves on-farm financial performance, soil health, animal welfare and water quality while also reducing harmful emissions and increasing biodiversity."
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Additionally, it opens up the possibility of new income streams for farmers from carbon farming and data analytics.
Richard Kennedy, Chief Executive of Devenish, said: “Agrinewal’s purpose is to heal the planet and create value for farmers, processors, consumer brands and governments. Our vision is to enable carbon neutral farming on a global scale while at the same time empowering farmers to increase revenues from their work to provide healthy, nutritious food.
“Devenish’s farming research and science knowledge, coupled with technology from Accenture, makes for a clear differentiation from other farm management systems.
"Agrinewal will improve farm incomes through improved farm efficiencies and performance, as well as introducing new value through carbon while working towards solving the existential threats to farming and environmental issues," he continued.
“Agrinewal is a game changer for farming, for food and for the environment, for this and the following generations.”
Enterprise Ireland has provided €400,000 of funding for the concept and it was launched today at Devenish’s Lands at Dowth, Co Meath, a partner in the Teagasc Signpost Farm Programme.
It is initially focused on beef and dairy farmers on the island of Ireland before being rolled out globally in the coming years.
For more information on Agrinewal go to www.agrinewal.com
