In a powerful demonstration of purpose-driven innovation, Indonesian agritech company Elevarm has unveiled its 2024 Impact Report, shedding light on its transformative contributions to the nation’s horticulture sector. The report outlines how Elevarm’s integrated ecosystem model is revolutionising farming practices, improving farmer livelihoods, and advancing sustainable agriculture across the archipelago.

“Indonesia’s food security depends on empowering farmers with the right tools, knowledge, and support,” says Bayu Syerli Rachmat, co-founder and CEO of Elevarm, in a press statement. “By directly addressing sustainability at the grassroots level, Elevarm is proud to help close the productivity gap while protecting the environment.”

In 2024, Elevarm supported more than 16,000 smallholder farmers. These farmers experienced a remarkable transformation, with 36.5 per cent reporting increased yields and average incomes rising from IDR12.1 million (US$735) to IDR14.1 million (US$857) per crop cycle.

Beyond financial gains, farmers saw a 14 per cent reduction in chemical usage, thanks to Elevarm’s organic solutions such as vermicompost, produced and distributed in-house.

At the core of Elevarm’s achievements lies its integrated ecosystem service model, designed to create “triple wins”: boosting livelihoods, enhancing food security, and strengthening environmental resilience. Through a blend of advanced technology, tailored financing, market infrastructure, and advisory services, Elevarm addresses systemic challenges in Indonesian agriculture.

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Tech-driven cultivation support

Elevarm leverages cutting-edge tech to deliver tailored cultivation practices. Farmers are equipped with high-quality inputs, including seeds, organic fertilisers, and biostimulants. The company also employs tech-driven solutions such as soil testing, monitoring dashboards, IoT-based field devices, and a dedicated farmer app that offers real-time insights and personalised guidance.

Addressing one of smallholder farmers’ most significant barriers, Elevarm provides affordable loans tied to harvest repayment. This financial support covers an average of 62.5 per cent of farmers’ working capital needs, reducing dependence on informal lending channels.

Moreover, crop and life insurance options protect farmers from risks associated with climate events, pests, and unforeseen personal tragedies. By shifting reliance away from informal lending, the company intends to help farmers gain financial stability and peace of mind.

To ensure farmers have reliable markets for their produce, Elevarm has established a comprehensive market infrastructure. Under its Farmer Partnership Model, farmers commit to selling their entire harvest to Elevarm at mutually agreed-upon fair prices. This approach guarantees off-take certainty and strengthens market trust, reflected in the growing volume of produce sold directly to the company.

Sustainable and professional farming practices

Sustainability remains central to Elevarm’s vision. The company promotes Good Agricultural Practices (GAP), polyculture (adopted by 42.1 per cent of its farmers), organic fertilisation, and reduced chemical and water usage. Their flagship vermicompost and NextBio products are pivotal in improving soil health, enhancing plant resilience, and driving long-term environmental benefits.

A rigorous data-driven approach underpins Elevarm’s operations. The company employs stratified sampling, historical yield analysis, field surveys, and third-party datasets to measure impact accurately. This meticulous data collection informs strategic decisions and ensures transparency in reporting outcomes.

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A robust governance framework incorporating Standard Operating Procedures (SOPs), Service Level Agreements (SLAs), and comprehensive risk management supports Elevarm’s model. This structure ensures consistent service delivery, timely input distribution, efficient payment processing, and reliable claim verification.

A vision for nationwide transformation

Looking ahead, Elevarm is poised to scale its model nationally. Following its focus on impact in 2024, the company plans significant expansion in 2025, targeting new high-value commodities such as shallots, tomatoes, and beans. It will also venture into agroforestry, revitalising underutilised lands in Purwakarta, West Java.

By 2026, Elevarm intends to extend operations to Sumatra and Sulawesi, with an eye on institutionalising its model through policy advocacy and government collaboration.

The company is also developing a predictive AI-powered digital platform that aims to become an indispensable tool for farmers, offering even more precise and timely insights.

As part of its growth strategy, Elevarm plans to introduce third-party audits and Social Return on Investment (SROI) analyses to further validate its SDG-linked outcomes. These efforts will expand the scope of measurable indicators, including gender impact, environmental footprint, and income stability.

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Image Credit: Elevarm

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