During the government shutdown in early 2019, the USDA announced that it would delay its monthly report on supply, demand, and trade for 20 crops. The result would have caused chaos among farmers, investors, and food manufacturers, so Sara Menker, founder and CEO of Gro Intelligence, released her company’s forecasts for 35 crops (more than 90% of which matched what the government later reported). Gro, founded in 2014, uses artificial intelligence to generate daily agriculture reports, scraping the web for weather forecasts, satellite imagery, and government and industry reports across hundreds of sources and languages. It generates more than 1,000 models, including specific regions and crops, compared to the 55 estimates generated in the monthly USDA report. This data helps companies decide what to sell, where, and at what price,…
