Dimitra Year in Review – Hello, everyone.
I want to start by thanking each of our community members for their support over the past year.
I’d also like to thank all of our exchange partners and extended network of partners.
And finally, everything the company has accomplished this year wouldn’t be possible without our dedicated internal team: Agronomy and veterinary team, technology and dev team, design team, sales, regional directors, marketing team, Dimitra ambassadors, and all our external contractors.
Empowering farmers to make farming smarter through actionable data-driven insights would not be possible without our wonderful team and community.
As a testament to how busy the team was, here is a summary of all the projects we can release publicly.
We have grown our presence to thirteen additional regions.
What’s more, Dimitra won some exciting awards this year!
We were awarded the 2023 Government Blockchain Association Annual Achievement Award in the Social Impact category in May. This award acknowledges what Dimitra is doing as a company and what it has in store for the future. Social impact is more than just an idea. It is one of the main goals that it works toward each and every day.
In August, we were awarded the Blockchain-based AgTech Solution Of The Year in the 4th annual AgTech Breakthrough Awards. The Annual Awards Program recognizes innovation in agricultural and food technologies around the globe. Agriculture feeds the global supply chain, and we want to provide a solution from farm to plate. We will continue to expand our platform’s capabilities and deliver more value to farmers and, by extension, their communities, regions, and countries.
Another important milestone to look back on is that Dimitra had its 2-year Kucoin listing anniversary on September 22, 2023.
In 2023, the teams at Dimitra were very busy! Please find a brief summary of each platform’s technical achievements below.
Dimitra Year in Review – In 2023, Dimitra analyzed 65 crops in detail for various countries in the Connected Farmer App. We continued working on our Marketplace module.
The team also added the following Reports:
3. Launched the following modules:
The Dimitra NFT Program is currently being offered through the Dimitra portal. Once completed, it will be a web3 platform that allows organizations to develop a farming project, collect funds from donors, and access the Dimitra Connected Farmer Application and Dimitra Marketplace for their recipients.
We have completed the web platform and started working on converting the web version into a mobile application (Part of the Connected Farmer app). Dimitra’s new satellite deforestation detector helps farmers and traders around the globe access accurate data about deforestation activity for EUDR compliance purposes. Farmers will have the necessary tools to maintain production and adhere to these new regulations, ensuring the continuation of supply chains and access to lucrative markets through sustainable farming.
We launched a primary scorecard for farmers and agricultural financial companies.
It allows stakeholders to understand the potential and the risks associated with the land and evaluate the level of investment needed to grow their crop successfully while simultaneously collecting fundamental information to provide data-driven recommendations to farmers, helping them improve their farming operations throughout the year.
The data science team has created a series of apps, including a pest disease detection app, a nutrient deficiency detection app, a fruit counting app, a degree of damage app, and others that are utilized by simply taking a picture of the crop. We are working on other apps that are launching soon, such as a yield prediction app, nutrient and lime calculators, and integration with satellite reports.
As we step into 2024, it is important to note that our roadmap items are customer-driven based on current client needs and deadlines. These demands are product-specific and regional, and customers are willing to pay for certain levels of customization. Our product has a lot of interest, and we are securing many regional, cooperative-based contracts. This requires us to manage these partnerships in a different way and build our roadmap based on customer needs (with multiple options for training and rollout).
With that being said, we are focused on expanding the following programs and modules on the following:
Every day I am thankful to wake up and get to do what I love, and it wouldn’t be possible without our amazing team and community, so thank you. If everything that happened this year is a testament to what is in store for 2024, I can’t wait.
All the best,
CEO @ Dimitra
Dimitra Letter to the Community – Hi everyone, Jon here, CEO of Dimitra.
I am reaching out to you, our community members, to provide an update on some of our current activities. And to thank you for your loyalty and support since our launch on September 22, 2021, on Kucoin.
Over the past two years, the Dimitra team has been building an extensive digital toolset that allows us to evaluate. And rate farm performance, crop management practices, and the potential of the land that the farmer is working on. Beyond analysis, we provide track and trace and regulatory compliance tools to the extended agriculture and food supply chains. This toolset combines artificial intelligence, machine learning, satellite and drone analytics, and IoT devices with critical data stored on the blockchain and captured via an Android mobile interface. All of this data is then analyzed, automatically through our revolutionary technologies, to provide farmers with simple, actionable insights to improve their processes.
This toolset was designed with various stakeholders in the extended ag/food value chain in mind, such as farmers, traders, food processing companies, investment companies, and lenders.
The first — and arguably the most — important component to a farmer is an evaluation of the farmland and its compatibility with growing specific crops successfully. To help the farmer with this we have created the Dimitra Scorecard. We are also now making this web3 scoring system available to banks, lenders. And investment companies to aid them in evaluating their farming investment opportunities.
Dimitra Scorecard, provides a primary scorecard to farmers and agricultural financial companies. Allowing all stakeholders to understand both the potential and the risks associated with the land. For example, a farm that does not receive sufficient rainfall must invest in irrigation to supplement water in the dry months.
In addition, the scorecard allows stakeholders to evaluate the level of investment needed to successfully grow their crop, while simultaneously collecting fundamental information to provide data-driven recommendations to farmers, helping them improve their farming operations throughout the year.
Our initial evaluation of each farm formulates a baseline score (excluding any improvements necessary to improve the land). This is done by analyzing details of the soil including pH, texture, organic carbon, and coarse fragments, in addition to slope, temperature ranges (min, average, max), precipitation, and artificial surface. We then calculate the impact of those variables on crop potential.
To ascertain education and experience levels, farmers complete comprehensive surveys. We also evaluate their previous loan performance.
Through our Dimitra Academy we produce educational materials to keep farmers abreast of the latest strategies to successfully grow, manage, and sell their crops. We have tests established to evaluate a farmer’s knowledge delivered in the crop specific materials.
Using our Connected Farmer application, we evaluate a farmer’s soil preparation, planting, soil management, irrigation, cropping, harvest, pest management, disease management, storage, and documentation practices to ensure that farms are set up and ready for the best possible success. Where possible, we provide recommendations for farmers to better improve these processes to ensure farmers have the best start possible.
We use IoT sensors such as moisture and nutrient sensors, product quality meters, and drones to assess overall quality on a farm.
Farmers also have access to our crop marketplace to enhance their opportunity to obtain the best possible prices for their produce.
We evaluate environmental trends, weather patterns, market conditions and more to make ongoing recommendations to mitigate risk. A farm’s ability to manage these risk factors can reduce losses and improve quality, essentially for a thriving business.
The financial sector struggles to evaluate risks at a farm level and bases much of its loan decisions on previous financial success versus the potential of a farm to be successful. Often loans fail because a bank cannot access a strong agronomic analysis to support their decisions, or a farmer does not have sufficient data to make necessary decisions to manage risk.
The Farm Scorecard provides a valuable evaluation tool for financial institutions that are financing or investing in farming or agriculture.
Combining the Dimitra Farm Scorecard, Dimitra Connected Farmer, and Dimitra Marketplace with our export certification, deforestation certification, and carbon credit applications allows lenders to make better decisions when evaluating a farmer for a loan and maximizing the success of their lending portfolio. These tools also can be provided to the farmers taking out loans to maximize the success of the farmer.
Now that we have tested the Dimitra Scorecard, we are selling this toolkit to investors, lenders, and fintechs globally. We have recently signed up our first bank to use our tools with their lending customers. Preferred licensing agreements are provided to institutions paying fees in DMTR.
Farmers in developing nations face many challenges in business, and many struggle to access capital for their farms. Financing the growth of their farm is a critical challenge.
Shifting part of their farm to fruit-bearing trees (where possible) and other high-margin crops is a game changer from a financial perspective, creating generational wealth as trees produce for decades.
Establishing perennial crops and trees can take multiple years, and managing soil nutrients, pests, and diseases can be resource-intensive and costly. Avocado trees, for example, take 3–5 years before they start producing and 8–10 years before they hit peak productivity.
As a result, farmers need to access financing to carry the cost of the initial seedling, fertilizer, planting costs, and annual maintenance. In East Africa that financing is not readily available to small farmers. Dimitra is working towards enabling farmers’ income potential, prospectively leading to improved living standards for them and their families.
Dimitra is piloting the digitization of farming assets with NFTs. Our trial, which we have been running in Kenya, uniquely tracks each tree within the My Finance module in our Dimitra Connected Farmer App. Farmers enter data about soil and tree health and add photos to show progress. We supplement this data with drone and satellite data feeds to provide recommendations to farmers to maximize potential.
The digitization of these trees allows us to develop connected financing options for small farms.
We are now launching tools to finance trees, provide for maintenance costs, sensors, and the Dimitra Connected Farmer App to farming organizations globally. We will offer three NFT programs:
Our first release in this series of programs, the Dimitra NFT program, will go live on November 15th, 2023.
Digitizing trees, farms, livestock, and other farming assets allows us to support philanthropic opportunities with digital monitoring that will allow us to measure the success of the initiative. Philanthropic organizations globally invest billions in programs to support agriculture and food generation and are seeking options to help measure success and sustainability.
Dimitra is launching a web3 platform that allows organizations to develop a farming project, collect funds from donors, and access the Dimitra Connected Farmer Application and Dimitra Marketplace for their recipients. Donors will receive automated annual reports regarding the program’s successes. Sponsorship is accessible to all, and an individual can sponsor one tree or many. Transaction fees are to be paid in $DMTR with fiat onramps so donors can provide support with a credit card.
In collaboration with one of our latest ecosystem partners in Kenya, One Million Avocados (OMA), we are currently planting 10,000 avocado trees across 100 initial farms. We have also purchased soil sensors for OMA to provide additional data to the Connected Farmer Platform, enhancing this evaluation. The first 1,000 trees will be our pilot to test digitization. And sponsorship interest preceding the development and testing of our fintech tools for digitization of loans and investments. We are working with several projects which are corporately or government sponsored to enable their selling of loan programs. For these initial projects we are working as a consortium with in-country financial institutions, government and regulatory agencies. .
The ultimate goal with One Million Avocados is to plant 1 million trees across East Africa.
We are selling Series One of the Dimitra NFTs in the following multiples:
NFTs will be released in tranches of 1,000 and 100% of the proceeds of this investment will be provided to the farmer in the following goods and services:
The extended platform will be developed as a fully automated Web3 platform that provides many digital financial instruments supported by DMTR, enabled digitally by Dimitra’s platforms, and delivered by Ecosystem partners like OMA.
Mature and productive trees produce up to 400 kgs of avocados annually. The global avocado market size was valued at USD 14.85 billion in 2022. And is expected to grow at a compound annual growth rate (CAGR) of 7.3% from 2023 to 2030. Increasing focus on a healthy lifestyle and a growing number of buyers for healthy food products are impelling market growth. Moreover, increasing awareness about nutritional values, and rising import demand is expected to boost industry growth.
Dimitra believes this program contributes significantly to supporting many SDG goals. Changing the lives of farmers with limited access to capital and technology to plant high-yield, high-ROI trees, which they may not typically invest in due to the time and revenue.
The Dimitra NFT Program opens the door for people across the world to help support marginalized farmers through crypto. Many farmers may lack the basic finances to buy inputs to bring seedlings to maturity. This model removes the burdensome interest rates of traditional markets that put farmers in precarious financial positions. The Dimitra NFT program provides a more sustainable way for farmers to finance their operations and reach their seasonal goals.
*THIS IS NOT AN OFFER TO BUY OR SELL ANY SECURITY. ALL INVESTMENTS INVOLVE RISK AND MAY RESULT IN PARTIAL OR TOTAL LOSS. PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS. ANY HISTORICAL RETURNS, EXPECTED RETURNS, OR PROBABILITY PROJECTIONS MAY NOT REFLECT ACTUAL FUTURE PERFORMANCE. PROSPECTIVE INVESTORS SHOULD CAREFULLY CONSIDER THEIR INVESTMENT OBJECTIVES, RISKS, CHARGES, AND EXPENSES AND SHOULD CONSULT WITH A TAX, LEGAL, AND/OR FINANCIAL ADVISER BEFORE MAKING ANY INVESTMENT DECISION.
Dimitra GBA Award – Our CEO and Founder Jon Trask is the winner of the 2023 Government Blockchain Association Annual Achievement Award in the “Social Impact” Category! This award is an acknowledgment of what we are doing as a company, and what we have in store for the future.
At Dimitra, social impact is more to us than just an idea. It is one of the main goals that we work towards each and every day.
However, We are on a journey to bring widespread, life-changing results to farmers around the globe. By continuously working to improve the well-being of farmers. We believe that the results will spread to their communities, societies, and even the world at large.
Thank you to those who voted, and those that continue to support the efforts we put forth at Dimitra.
Dimitra GBA Award – To learn more about the Annual Achievement Awards: https://gbaglobal.org/vote-aaa/
Therefore, The Annual Achievement Awards Finalists Have Been Chosen!
Please look over the 3 Finalists per Award and choose one winner per each of the 4 awards.
However, You do not need to be a GBA Member to vote. So feel free to invite all your friends and family to participate. There is no charge for voting. Only one submission per IP address will be counted as valid.
Therefore, Winners will be announced from stage at the AAA ceremony, May 24, 2023, in Washington, DC. Winners do not need to be present to win. All finalists will be alerted that they made the finishing round and will be encouraged to come. – Dimitra GBA Award Dimitra