ADM, Farmers Business Network to expand AgTech platform

26-07 | |
Photo: Canva
Photo: Canva

The companies will work together to offer Farmers Business Network’s Gradable – a digital platform offering farm business management and sustainability data collection solutions – to 55,000 producers across North America.

ADM, one of the world’s largest grain buyers, and Farmers Business Network (FBN) signed an agreement to expand availability of FBN’s digital farm business management platform, Gradable, to ADM’s network of farmers across North America.

Identify areas where profitability can be increased

The Gradable platform – which connects farmer and buyer experiences into a single platform – is to enable farmers to identify areas where they can increase profitability of their operation, including measuring, reporting and verification capabilities that will allow them to participate in regenerative agriculture programs and new markets for low-carbon grain.

According to ADM and FBN farmers using the environmental scoring function of Gradable’s platform who have adopted regenerative practices, such as cover cropping, nitrogen efficiency tools, or no-till farming, have produced grain with carbon intensity footprints 20-30% below average.

Farmers Business Network (FBN) is growing like crazy with enormous potential in the processing of data that they receive from their growers. To expand their business, they seek capital. Now rumours that they will go public are increasing. What does that mean for farmers’ data? Read the article: How safe is farmers’ data if FBN goes public?

Using the FBN platform, ADM farmers will be able to:

  • Access a full digital view of their business, with eventual capability to manage contracts, settlements and scale tickets in a single location.
  • Receive agronomic guidance and education on maximizing environmental market outcomes.
  • Verify and maintain records on regenerative farming practices, such as cover cropping, reduced tillage and nutrient management, so as to benefit from specialized ADM (and other) premium programs.
  • Access operating lines of capital with potential discounts for regenerative practice adoption.
Claver
Hugo Claver Web editor for Future Farming



Beheer