The KUHdo GmbH
a start-up from Kiel
We develop IT solutions for milk producers to support them in hedging milk prices and in digital communication with their dairy companies. KUHdo was founded in April 2018 with the support of the Department of Agricultural Economics at Kiel University of Applied Sciences.
...is to simplify milk price hedging via futures contracts for milk producers and thus make exchange-based price hedging more practical.
In addition, KUHdo is currently working on solutions to provide farmers with quick, easy and efficient access to the futures market - currently in cooperation with brokers, dairies, milk traders and/or milk producer associations.
With "KUHdo Trading" we offer dairies the possibility to offer price hedging to their supplier farms. Unlike other providers, "KUHdo Trading" enables dairy farms to be offered various hedging instruments (e.g. butter, skimmed milk powder, BLE prices and soon also fixed prices).
Best of all, retaining price appreciation potential is also possible with some hedging instruments!
The future for businesses
In the future, it will become more necessary, especially for farms that want to invest or have a high proportion of borrowed capital, hired labour and leased land, to deal with milk price hedging in the course of business planning.
It will no longer be so important to get the highest price in the short term, but to reach the next high price phase in a planned way.
Our core team
After my apprenticeship, I was independently responsible for the area of rapeseed meal logistics at ADM Hamburg AG. I ended this employment in order to start studying agriculture. I gained my practical experience in the field of agriculture on a German and a US dairy farm. At KUHdo, my professional background makes me mainly responsible for the commodity futures market, sales and for the management.
In my spare time, I am often out on the country roads in the north with my Moto Guzzi in a John Deere livery.
After my apprenticeship as an IT specialist I started studying computer science at the CAU in Kiel. During my studies the connection was made to Frederik and I decided to become part of the KUHdo. At KUHdo I coordinate the development team and taking care of planning new features of the web app in terms of development. Sumarized I am responsible for IT.
If you don't find me in front of my computer, you will most likely find me in front of the workbench. If you don't find me there, it's likely that I'm either in the kitchen cooking or on my way to the nearest coffee machine.
In this sense,
I am passionate about financial markets, economics and politics. I am always fascinated by the added value that financial services create for companies, consumers and society. I gained my practical experience in the field of value-based management mainly during my several years of working in customer service for the upper medium-sized business sector. I am pleased to be able to use my knowledge and skills profitably on a regular basis, both in the development of our risk management portal and in its application by our client. Furthermore, due to my professional background, I am mainly responsible for finances and, within the framework of the management, for the strategic orientation.
I look forward to your interest and wish you stable profit margins at all times - even in volatile times.
I became aware of the KUHdo project very early on during my computer science studies, when it was a question of laying the software foundation stone for the project. After I had initially passed on this role to Arne, whom I knew very well from my studies, due to time constraints, a few years and projects later I was actually drawn into the active KUHdo team, where I now work diligently as a software developer. In the meantime, I have obtained my Bachelor of Science in Computer Science and am now studying for my Master's degree alongside my work.
Outside of the KUHdo and university spheres, I love wrenching on my old cars, welding together crazy motorised constructions or playing the piano. In addition, I do a lot of sport whenever time allows and, when the weather is good, I like to ride across Schleswig-Holstein on my 1955 diamond racing bike.
I joined the KUHdo team while I was still studying computer science at Kiel University of Applied Sciences. As a web developer, I finished my studies with the energetic support of KUHdo. Since the subsequent takeover, I have been working full time on the development of new and the maintenance of existing technical functions. You can mainly find me in the frontend, with occasional detours into the backend or the infrastructure of the web app.
If you don't find me in front of the computer, I'm probably at the gym, on the water surfing or reading in the park or armchair at home.
Hit the chickens
Following my agricultural studies in Rendsburg, I met Frederik through my affinity for commodity futures markets, who then brought KUHdo to my attention. After completing my Master's degree in Neubrandenburg with a major in agriculture, I was contacted by Frederik and have been working for KUHdo ever since. My tasks mainly consist of looking after the (pilot) customers and product development through my agricultural background.
In my spare time, I support my father on the farm where we do arable farming and bull fattening in Dithmarschen.
It all started with an apprenticeship as an electronics technician. Enthusiastic about technology, I studied electrical engineering. After some time in this industry, I wanted to reorient myself a bit, which eventually led me to software development. I have now been part of the KUHdo team since the beginning of 2022. With and without a computer, I can often be found in nature.
I've been working at KUHdo as a software developer since summer 2022 during my computer science studies. I was brought in by Nico, whom I still know from the first semester. I was able to gain experience in software development here and there before on a part-time basis and I'm happy to be able to accompany a company very closely in the development process this time, very exciting business. My tasks at KUHdo are currently mainly in the web app, but who knows where you might end up.
Outside of work and study, I dig extensively in the garden, strum the piano, do various crafts, or simply read a good book on the couch.
I have been working in graphic and communication design since 2014. With increasing enthusiasm for psychology, I switched to marketing and have been dealing with people's needs ever since. I love challenges and great people. Therefore, I support KUHdo in motivating farmers for innovative and necessary solutions.
In my private life I am interested in nature and art.
Grants and awards
KUHdo was funded by the German Innovation Partnership for Agriculture (DIP) in a first funding project until May 2021 and is being funded in a second project since September 2021.
Previously, KUHdo was funded by the EXIST-Gründerstipendium as a start-up project "Simplified Milk Price Hedging" from 01.08.2017 to 31.07.2018.
The founding idea (Bachelor thesis, Kiel University of Applied Sciences) was awarded the EEX Excellcence Award 2017: "Development of a price hedging tool for milk producers based on milk futures contracts".
Thank you for your interest!
EEX Excellence Award 2017
Bachelor thesis of the founder Frederik Karnath
GründerCup KielRegion 2018
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We will be happy to answer all your questions personally.