Farmers Business Network operates an agricultural tech platform that connects farmers to a peer network for data-driven insights and transparent pricing on farm inputs. The platform addresses high production costs and inefficiencies in sourcing agricultural products by providing direct-to-farm delivery and competitive pricing on essential supplies.
Funding
$300M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
FFounders
Product
Problem
Farmers face challenges in accessing transparent pricing and data-driven insights for farm inputs, leading to inefficiencies and potentially higher production costs. Sourcing essential agricultural supplies can be complex, with limited visibility into market prices and product performance.
Solution
Farmers Business Network (FBN) provides an agricultural tech platform that connects farmers to a peer network, offering data-driven insights and transparent pricing on farm inputs. The platform enables farmers to compare prices on a wide range of products, including farm chemicals, seeds, and livestock feed. FBN also offers direct-to-farm delivery of purchased inputs. By providing a transparent marketplace and a community for sharing data, FBN aims to empower farmers to make informed decisions, reduce production costs, and maximize profit potential.
Target Audience
The primary target audience is farmers seeking transparent pricing, data-driven insights, and convenient access to farm inputs.
Features
- Online marketplace for comparing prices on thousands of farm inputs, including herbicides, insecticides, fungicides, seeds, and livestock feed
- Direct-to-farm delivery of purchased inputs
- Data-driven insights from a network of over 90,000 farmers across 3 countries, covering 145 million acres
- Crop marketing services, including grain market advisory and brokerage
- Financing options for land, equipment, operating expenses, and farmland capital
- Sustainability programs to earn premiums for sustainable farming practices
- Integration with ADM to view contracts, tickets, settlements, and local facility bids