FBN Announces Input Procurement Service Expansion, New Round of Funding
August 9, 2016 Farmer’s Business Network, the independent farmer-to-farmer network, has raised $20 million in additional funding, led by Acre Venture Partners. This financing enables the FBN network to further expand its farmer network, farm analytics platform and its controversial and rapidly growing direct-to-farmer crop inputs vending service FBN Procurement Services.
American farmers are battling through a brutal year of low commodity prices, high input costs, and unprecedented consolidation amongst their ag industry suppliers. The FBN network levels the playing field for farmers by networking farms together, democratizing farm information and enabling transparent national access to manufacturer direct prices on farm inputs—saving its members thousands of dollars.
Historically, important information such as fair market input prices and real world seed performance was hidden from farmers or impossible to determine. The FBN network makes all this information transparent in a no frills way – driven by millions of acres of member farms.
Head on over to our sister site PrecisionAg.com for the full report on the latest with FBN.
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