Wyvern Incorporated

Published purpose

Canada’s space strategy states that “fewer than 10% of Canadian farms currently use satellite imagery, and that increasing that to just 25% by 2027 could lead to cost savings of $650M to 1.3B.” This proposal describes AgSat, a nanosatellite that will provide “hyperspectral” images of farms, enabling the optimization of water and fertilizer which in turn reduces GHG emissions and saves Canadian farmers hundreds of millions of dollars per year.  AgSat will address the lack of affordable, available, and high-resolution hyperspectral imagery. Some firms using Hyperspectral imagery have shown $20/acre savings in water and fertilizer use (Euroconsult market report, 2019). However, the technique is underutilized due to its high cost. By providing hyperspectral imagery from satellite, the price farmers pay will be reduced by over 100x compared to drones and airplanes and the imagery can be made available daily enabling farmers to use precision agriculture easily and regularly.