Cooperative Ventures has announced an investment in Precision AI, a leader in artificial intelligence-based farming practices in the United States and Canada. A joint venture between two leading farmer-owned cooperatives, CHS and GROWMARK, Cooperative Ventures focuses on developing mutually beneficial commercial relationships between startups and cooperative partners.
Cooperative Ventures was joined in the Series A fundraising round by new investors Farm Credit Canada, The 51 Food and AgTech Fund and Green Spark Ventures, along with investments from existing investors Fulcrum Global Capital, BDC Capital and At One Ventures.
Precision AI’s data insights, collected through their autonomous aerial systems, equip farmers and their agronomists to make plant-by-plant input decisions in real time, enabling them to grow stronger, healthier plants, reduce inputs and increase farm profitability. Precision AI has grown its list of new partners substantially in 2025 as more companies see the value and potential that artificial intelligence applications, like Precision AI products, have to revolutionize agriculture.
The Precision AI dashboard provides data insights collected through autonomous aerial systems that help farmers and agronomists make plant-by-plant input decisions in real time.
“Our partnership with Cooperative Ventures provides us access to farmers throughout North America who can benefit from the real-world application of the data our technology generates,” said Precision AI CEO Dan McCann. “When farmers are equipped with data, they can make wiser choices about inputs that have the potential to reduce costs and boost plant health, which helps support farm profitability.”
“Cooperative Ventures believes Precision AI can refine a farmer’s decision-making capabilities in the field. When farmers can be more precise with applying inputs, this leads to healthier plants and can increase overall farm profitability,” said GROWMARK Enterprise Marketing Executive Director Heather Thompson. “As more and more weeds become herbicide resistant, innovations in this space will be vital, ensuring farmers can make the best choices for their crops and their farm operations.”
“Today’s farmer is often challenged to do more with less,” said David Black, executive vice president and chief information officer, CHS. “Innovative tools like Precision AI help equip our owners and customers to run their operations with a focus on efficiency and profitability.”
About Precision AI
Founded in 2017 and headquartered in both the United States and Canada, Precision AI is on a mission to accelerate artificial intelligence-based farming practices to create healthier, happier and more profitable farms. By leveraging our advanced drones and custom-built AI technology, Precision AI can take crop production decisions from a whole field to an individual plant level. This type of decision-making transforms an industry that has been reliant on larger and broader technology for decades. The outcome of our solutions is integrated into the agricultural technology of today and helps craft the machines of tomorrow that will feed the world.
About Cooperative Ventures
Cooperative Ventures is a venture capital fund founded in late 2021 as a joint venture between CHS and GROWMARK, two of the largest farmer-owned agricultural supply cooperatives in North America. The fund focuses on innovative solutions and emerging technologies that positively impact farming. In addition to providing capital, Cooperative Ventures is committed to developing mutually beneficial commercial relationships between startups and is comprised of teams based out of Bloomington, Ill., and St. Paul, Minn., with management assistance from Cerity Partners Ventures. More information is available at CooperativeVenturesLLC.com.
About CHS
CHS Inc. creates connections to empower agriculture. As a leading global agribusiness and the largest farmer-owned cooperative in the United States, CHS serves customers in 65 countries and employs approximately 10,000 people worldwide. We provide critical crop inputs, market access and risk management services that help farmers feed the world. Our diversified agronomy, grains, foods and energy businesses recorded revenues of approximately $39 billion in fiscal year 2024. CHS is committed to reducing our impact on the planet, finding and developing new solutions in agriculture and energy, and investing in ways to build a better future for our owners, customers, employees and communities.
About GROWMARK
GROWMARK is an agricultural cooperative serving almost 400,000 customers across North America, providing agronomy, energy, facility engineering and construction, and logistics products and services, as well as grain marketing and risk management services. Headquartered in Bloomington, Ill., GROWMARK owns the FS trademark, which is used by its member cooperatives.
