Term Sheet podcast… This week’s guest is Mackenzie Burnett, CEO and cofounder of Ambrook–a modern finance toolkit for farmers. Agriculture is the backbone of the U.S. economy, yet the average American farmer earns only 5 cents of every dollar spent on food. Meanwhile, there’s been an almost 50% spike in bankruptcies of U.S. farms, and margins are thinner than ever due to falling revenues and rising production costs. On the podcast, Burnett breaks down the high-stakes world of agricultural finance, and she and Allie Garfinkle discuss why many farms still rely on paper ledgers, the “unscalable” journey to find product-market fit in a skeptical industry, and how modern financial tools are a critical part of the strategy to save American family farms. Watch the episode here.
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