Farmer's Business Network

Farmer's Business Network

Technology-driven services for family farmers

About

Farmers Business Network (FBN) operates in the agricultural sector, providing a variety of services aimed at helping family farmers improve their profitability. The company sells farm inputs such as chemicals, seeds, and livestock feed directly to farms, ensuring competitive pricing and convenience for farmers. FBN also offers marketing and risk management services to help farmers maximize the value of their crops. FBN utilizes data and technology to deliver insights that assist farmers in making informed decisions. This includes access to information on farm inputs from a network of trusted farmers, as well as soil sampling and fertility programs through their Gradable Plan. What sets FBN apart from its competitors is its direct-to-farm business model, which eliminates middlemen, allowing for lower prices while still being profitable. The company's goal is to enhance the profitability and sustainability of family farmers through a comprehensive suite of products and services.

Company Stage

Series G

Employees

501-1,000

Industries

Food & Agriculture, Data & Analytics, Social Impact

Total Funding

$893.8M

Headquarters

Sioux Falls, South Dakota

Founded

2014


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Simplify's Take

What believers are saying

  • FBN's Gradable platform expansion taps into the growing demand for sustainable products.
  • Surpassing $1 billion in financing highlights FBN's role in accessible agricultural finance.
  • Diego Casanello's appointment as CEO could drive strategic growth and innovation.

What critics are saying

  • New CEO may disrupt operations if strategic shifts aren't managed carefully.
  • Joint venture with ADM may face integration challenges, delaying regenerative initiatives.
  • Expansion into Canada could face regulatory hurdles, impacting growth plans.

What makes Farmer's Business Network unique

  • FBN offers a unique farmer-to-farmer network for shared agronomic insights.
  • The Gradable platform connects grain buyers with regenerative agriculture-focused farmers.
  • FBN's direct-to-farm model eliminates middlemen, offering competitive pricing.

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Growth & Insights
Headcount

6 month growth

71%

1 year growth

69%

2 year growth

69%

Benefits

In Sickness And In Health - We offer a robust medical, dental and vision plans to all full time employees and their families. We even offer discounted pet insurance!

Work Hard Play Harder - Unlimited time off so you can take time off when you need time off. It's important to rest and recharge.

Adulting Time - We care about your future so we offer 401(k), pre-tax benefits, income protection plans and money management tools such as Personal Capital & SoFi.

A Piece of the Pie - All of our full time employees are offered equity as part of their benefits package.

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