17:29:06 EDT Fri 17 May 2024
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Deveron Corp
Symbol FARM
Shares Issued 136,421,106
Close 2023-06-19 C$ 0.29
Market Cap C$ 39,562,121
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Deveron to support $1.95M (U.S.) soil carbon program

2023-06-20 10:02 ET - News Release

Mr. David MacMillan reports

DEVERON SELECTED FOR DEVELOPMENT OF USDA SOIL ORGANIC CARBON TRAINING PROGRAM

Woods End Laboratories, a subsidiary of Deveron Corp., has been selected by the United States Department of Agriculture (USDA) to support Michigan State University's $1.95-million (U.S.) Soil Carbon IDEA: Inclusion, Diversity, Equity and Access program. Pursuant to USDA's press release, the $8-million (U.S.) program, run by the USDA's Natural Resources Conservation Service, is focused on developing a comprehensive training program in soil organic carbon evaluation for farmers, agronomists and agribusiness professionals. This is the third multiyear contract that Deveron has completed with the USDA since the company began working in sustainable agriculture and carbon sequestration in 2021.

"It's always an honour to be selected as a trusted partner for one of the most credible organizations in agriculture. The USDA's continued commitment to sustainable agriculture is inspirational and a beacon for the future of the industry," said David MacMillan, Deveron's president and chief executive officer. "Education is the key to expedite the adoption of sustainable agricultural practices, and to be chosen to help drive that cause speaks volumes to the work that Will Brinton, founder of Woods End Laboratories, and his team have completed in the soil organic carbon space. It is a privilege to help shape the basic training and education for what will surely be the future of American agriculture, and it's a responsibility that we do not take lightly."

About Deveron Corp.

Deveron is an agriculture technology company that uses data and insights to help farmers and large agriculture enterprises increase yields, reduce costs and improve farm outcomes. The company employs a digital process that leverages data collected on farms across North America to drive unbiased interpretation of production decisions, ultimately recommending how to optimize input use. The company's team of agronomists and data scientists build products that recommend ways to better manage fertilizer, seed, fungicide and other farm inputs. Additionally, it has a national network of data technicians that are deployed to collect various types of farm data, from soil to drone. Deveron's geographic focus is the United States and Canada where one billion acres are actively farmed annually.

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