Author

FBN Network


Sep 28, 2022

by FBN Network

Don Moody and Gerold Stephens from FBN® Insurance discuss how Pasture, Rangeland, and Forage (PRF) insurance can help manage your forage needs and the perils to your operation from a lack of precipitation. What you'll learn about PRF Insurance In this webinar, Don and Gerold discuss: What is PRF? What are the different coverage options? How does PRF work? When does PRF pay out? What tools exist to make PRF elections? New updates to PRF Watch now Learn more about PRF insurance Click  here  for more information about the PRF Insurance program or to speak to an insurance agent . Webinar Transcript Don Moody: Hello, everyone. Welcome to a presentation brought to you by Farmers Business Network®. What we're going to talk about today is how to manage your forage needs and the peril of not enough precipitation. With us today is Gerold Stephens. Gerold is an agent out of west central Missouri and he knows a fair amount about PRF pasture range, land forage, and also produces livestock himself. So he knows what we are talking about when we bring these things up.  We're going to go over who we are. We're going to get into detail about what PRF or pasture rangeland forage protection is  and we’re going to talk a little bit about different coverage options, how they work, when a potential indemnity may occur and what would trigger it and what tools exist.  So you can make an informed decision for your ranch. Never, ever accept a one size fits all unless it's a free ball cap. There are always those infamous disclaimers. You need to know who we are and what we're liable and responsible for. Farmers Business Network was created several years ago to put farmers on a level playing field with the folks that buy our products.  People in row crops are very familiar with us. That's where we got our start – Iowa, Illinois, Indiana, South Dakota, Nebraska places where row crops are very prevalent.  We just started really getting serious about ranching. This last winter, we brought on one of the major players in pasture range, land and forage protection. On the insurance side, we also brought in a pharmaceutical company and a nutrition company, because again, we realized that agricultural production is a whole lot more than corn and soybeans. We really depend on cattle and the animals that graze our vast pasture lands within the continental U.S.. Specifically, we're the largest farmer to farmer agronomic and business network. We take a hundred percent anonymous data sharing and unbiased benchmarking. We do use the data on purpose and intentionally to develop better programs for you. The producer also makes sure on the pricing side of things, which is not what we're going to talk about today at all. It's another part of our house, but that you are receiving fair prices for your commodities. Also paying fair prices for your inputs.  We provide insight on farm practices, seed performance, and what's relevant today is maps and weather. We're doing everything we can to leverage network demand, to decrease input costs. We are available again for online purchasing but that’s another topic for another day. We're trying to come up with creative, innovative marketing options for farmers. Look for more to come in the livestock arena. And we are local. There are more than 500 employees scattered across the lower 48 and we are also expanding into Canada. There's strength in numbers. It's not a new thing. Bargaining power. Think of your local ACE hardware store.  The reason folks belong to that is because they can make better purchases controlling their bottom line and passing that on to consumers. We really are not that much different. If you look at some of our key partners, both on the retail wholesale side, both on the input in the marketing side is we try to do our best to best position you, the producer purchasing what you need to do, what you do to make a living, and then also get a better price for that.  Please make the world your test plot, if you will. This was developed for probably a corn or soybean, but it's very, very applicable to ranch land. The weather is one of our main make it or break it's. It produces our yield and our yields.  It's the pounds of beef produced per acre or the pounds of lamb, depending on what you utilize. Your forages for vegetative indexes are important. Crop moisture is important in some areas. Fertilizer is a very important thing to maintain the nutrition and the volume in the forages, and then the different things that go with it.  This is where our membership currently is scattered. You know, we've talked earlier about the fact we started out in row crops that pretty much shows in the concentration through the ice states down in the Platte river valley and on up into, through the Dakotas, Montana and up into Canada. But as we get into livestock, you'll see this heat map change as we get into the plain states, Wyoming, Utah, New Mexico, Idaho, Nevada more than the Dakotas. So we have agents scattered around the lower 48 to assist you with your risk management assessment and coming up with ways to address those risks. Again, today, we're going to listen to Mr. Stevens in just a moment. He covers a pretty good swath of real estate, but can't cover the whole lower 48. So this is kind of where our folks are our specialists, if you will, within crop insurance, PRF, LRP, DRP. Gerold, thanks for bringing my attention to our map that we have our agent of the service maps. So we do have insurance professionals specializing strictly in crop forage and livestock insurance. You'll see where they're located, where our processors are located, where our managers are located. We have several agents that are licensed in the lower 48 covering from Pennsylvania all the way out to California, Oregon, Washington, Montana, Idaho, Wyoming.  We have a gentleman in Arizona that ranches, actually two, that are very knowledgeable on the things mother nature can bring to in Nevada, Arizona, New Mexico, Utah. We are licensed and we are able to assist you wherever your need might be in the lower 48. Gerold Stephens: My name is Gerold Stephens. I'm a crop insurance agent with Farmers Business Network from Western Missouri. And we are going to talk about PRF. I'll take a chance here to say that PRF stands for pasture range, land and forage. It's a rainfall index insurance program that the RMA puts out and we're using rainfall as our yield and everything is based on historical data all the way back to 1948, where Noah has gathered rainfall data and for each weather grid across the entire lower 48.  And that is how we come up with what your area should receive and rainfall on this slide. We're going to go through the PRF basics. We're going to keep it pretty high level.  Step 1 First of all, in step one, we want to identify the acreage and whether it qualifies for this federal program which means that it has to be grazing ground or haying ground. You're going to talk to your agent about what kind of intentions you have for that ground and whether we can sign it up in this PRF. Step 2 We're then going to decide what coverage level is right for you in your operation. For example, if you pick a 90% coverage level, and I know Don's going to go through an example here in a few minutes, but if you pick a 90% coverage level, any rainfall underneath 90% in a two month interval is going to trigger a payment.  Step 3 We're going to be looking at a really nice feature if you will, for this program, it's a multiplier. So then we can really adjust the type, adjust that coverage level and how much we're going to cover it anywhere from 60 to 150%. So, that again is pretty high level. Your agents can take care of you on that.  Step 4 We're going to choose at least two, two month intervals and coverage. And it's important that we now mention that we make those two elections and have a signed application by November 15th for the 2022 crop year.  And finally just hitting this lightly if any indemnity payments are to be after the premium is paid. Those payments are triggered 60 to 90 days after that interval ends. And that's, that's really nice because we're not waiting for the end of the year to get our insurance payments. If we're owed money, we're going to get those pretty close to the time that we actually experienced the lack of rainfall. Don Moody: That's a good point. Another nice point is you're not built for the coverage until barreled. It is August 1st, the bill is sent out, it's due September 1st and must be paid by November 15th. Gerold Stephens: If I remember correctly, September 1st and due by September 30th or must be paid by November 15th.  Don Moody: Thank you, sir. And again, the point being there is that it coincides when a lot of folks are selling their spring calves on the fall market. Absolutely. Gerold Stephens: This slide refers to the intentions that I was referring to earlier. The only two types of ground that we can use this program on is grazing ground and haying ground. It's important to note that all grazing ground is that you need to actually own the livestock to qualify for this. It's ground that you run him over and over and bail it, bail it up.  And what the reason we have to identify one or the other is that the county-based values that RMA puts out that helps us, helps us determine how much we are insuring. Hay ground has worked a lot more than grazing ground.  Don Moody: Thanks, Gerold. Each county has a county-based value. That's set by the RMA based on university information, typically on what an acre of grazing or an acre of hay land is valued at in that county. And again, that's used to determine the coverage per acre.  From there, we can do a production factor and really, if you take a step back and look at it, it's based on your land's ability to produce be it hay, or be it grazing, we can choose 1% factors from 60% to 150%.  An example I give is I grew up in the Sandhills in Nebraska. The stalking rate on high hill ground out there can be as high as 20 acres per cow calf unit. If you've got metal ground that could drop down to five to 10 based on sub irrigation levels and this and that, and some different factors. So there's quite a difference in, in acres ability to produce. And that's why that factor is there again, Gerold did a brilliant job talking about the coverage levels, if you will, those are your risk tolerance levels. It's what you want to self-insure, which would be your deductible.  If you look at it that way, what do you want to defer to the insurance company? 90% is the highest level. So anytime as Gerold talked about the normal average precipitation in that selected interval falling below 90%, it would trigger an indemnity.  You can select that all down to way to 70%. The point with it is there's two points, actually one, you have options. And two, the program ought to be a plan that works for you. It's definitely not one size fits all. We have a rate example there from Vernon County, Missouri, as an example, the county based value there's $270 an acre. If you used a selected 90% of coverage level with 150% productivity factor, your coverage per acre would be $364 and 50 cents. That would be the indemnity I would receive if it did not rain at all. And we've got an example coming up, typically how it works. Every year the RMA announces new county-based value rates. We have lobbied as an example in Wyoming, the county-based value for irrigated hay land is not high enough to protect what you have at risk.  We've lobbied aggressively for that. I don't know if we're gonna win or lose. We haven't seen the new kind of base values for 2022 come out yet. But the point being is that those do change up and down based on the information received by the RMA. Next, you'll talk about selecting the interval. You have to be into something that can't overlap. You can't do January, February, February, March. You can't double down on a mat in a month, but you do have to have at least two intervals. There are tools and resources out there, again for you to make the best decision. You have to have at least 10% in an interval with no more typically than 50.  In some areas, you actually can go up to 70%, but that would be a specific county and a specific state. Again, that's something your insurance professional would know and could show you. But again, you want to put the plan together that best protects the two things you depend on in forage production, which is haying and grazing. That's what this program is intended for.  Here's an example on hay coverage, and we're going to keep way up in the weeds on this, on purpose there. This is an example of the formula that is used to determine your actual coverage.  You know, the county-based value in this example, $116. The producer selected a 90% level. It's good, good ground produces well. So they select a production factor of 150%. And then their 50% plan would equal coverage of $78.30 an acre. You can do this by hand. It's tedious, it's painful. We have tools available as most agents do to make it an automated process, but you'll see in a moment it's still very visible or visual.  Again, this would would be what potentially would trigger an indemnity. The average rainfall is 3.6 inches for that interval that was selected. They receive 1.6 which is roughly half that's where that 50% weighting came in from the previous slide.  We have a protection of $78.30 acres. So you would apply the deficit of rainfall times the protection, which was $78.30 would leave you an indemnity of $34.80. It's applied towards  the premium first. And then after the premium is satisfied, it is applied or sent out to you in the form of indemnity. Next slide please. So we utilize data-driven elections. And what we mean by that is the RMA has been collecting average rainfall for each interval since 1948. There is a massive, massive amount of numbers out there. Earlier, we showed you an example of how, since some things can be done longhand and they can, but it's far easier. In this example, we're looking at the state of Texas. These individuals grazing within the state of Texas they're in Sherman county and their ranch is actually predominantly in grid 1 9 6 1 4. Remember Gerold talked earlier, grids are 17 by 17 miles at the equator.  They get smaller as you move north based on latitude and longitude. This particular individual decided to go with a 90% coverage level, 150% productivity factor. And then from there, this is how they split their coverages out. As you can see on the slide, they pick March, April, which might be a month when it's very much dependent on moisture to develop their grasslands for the upcoming grazing season. They also picked May June, July, August and those were the three animals they picked. My hunch is it was based on when they have the need for precipitation to make or break their grazing year. And then from there, it tells us how that would work out. You know, their total indemnity potentially for this example would be $24,650.  We have the ability to take the average rainfall, the different productivity factors, the different coverage levels and tailor make a program for you. And any agent that has the proper tools at their disposal. But the point with it is, it is to make an informed decision based on the data that exists that best protects your forages, which is what you depend on to sell your lands or your cattle, depending on what you do. And given the fact, this is cattlemen, my hunch is it's probably going to be cattle.  PRF updates the program changes every year. And what I mean by changes is every year the army analyzes their programs to see what could be done better. What's working, what isn't working and providing clarity.  One of the things that's very important about an update that came out a year ago is you have to own the cattle or have an absolute interest in the production of the cattle. This program is for livestock producers, not investors, not real estate brokers. It is for cattlemen, cattlewomen, to protect what they have. You have to make sure that things match up that the person that is utilizing the ranch land or grazing land also owns a cattle or has an interest in them. Things are based off. Locations are based on points of references. For those of you that may farm you're used to use common land units to show where the land is. You're insured with PRF. We are in some states where the grazing lands are so vast. It's actually based on a point of reference on latitude and longitude. They've made some changes to continuous land, different grids, and different weather experiences.  And a lot of ranches will straddle 1, 2, 3, 4 grids. If and again, we'll get into the weeds on a one-on-one, we're going to keep it high level, but the point being is there are ways to manage your risk there's ways to assess your risk. The RMA, that's almost a tongue twister, the RMA recognizes this and makes appropriate changes to it. Again, to make it work legitimately best for the producer, but continuous land just simply means that you could have ranch land that starts in Cherry County, Nebraska, and goes across the state line up into Todd County, South Dakota. We all know that mother nature does not pay attention to where state lines end and begin. And so if your home ranch and the predominant acres you produce are in Cherry County, Nebraska, and the land continuously goes up into Todd County, South Dakota, you would have the ability to pick the grid in Cherry County and cover the land up in South Dakota, where that would be an entirely different grid because they do start and stop on state lines. So anyway, more to come on that we can get into the weeds with.  Again, this goes back to reporting land. If it is available the RMA and the different AIPs, which are approved insurance providers, are insurance companies approved by the RMA to provide the insurance for pasture range, land forage.  If common land units are available or resource land units are available, that is what they would like to have. Some of you have to pay attention to native sod rules, Iowa, Minnesota, Montana, Nebraska, the Dakotas. But you're familiar with that. If you've been working with your FSA offices, there are times when you will be audited, and it's not like an IRS audit. It's actually called a compliance review.  And what the RMA is wanting to do is to establish that (A) you do have an interest in the livestock and (B) you do have the legal right to utilize the forage production, be it hay, or be it pasture. And to do that, it's easily done feed receipts, sale barn receipts. Leases, it's not cumbersome. It's not a problem. It's not a bother, but again, it's something your licensed insurance professional. A live person will answer or call you back. We can put you in contact with an insurance professional in your region that can get into the weeds with it. But please remember it's a program brought to you by the RMA, which is part of the USDA. The RMA stands for the Risk Management Agency. They've been around forever. Typically they are known as the folks that provide multi peril, crop insurance, but a need was recognized about 12 years ago to provide risk protection for folks that depend on forages or on forages for their livelihood. And that was the advent of pasture range, land forage production. If you live in South Dakota, North Dakota, Nebraska, Kansas, Oklahoma, Texas, New Mexico, there's actual annual forage production available. Again, the premise is the same. You depend on acres for haying or grazing off annual forage as you plant there's protection available for that PRF is for perennials. That's going to be your perennial native grasses, typically on grasslands or improved pasture, but one's an annual perennial.  Today, we talked specifically about the perennial coverage, but with that, hopefully we instilled some questions. We are here to help the programs be developed for your needs. And with that, I thank you for listening. The purpose of the following material is to promote awareness of risk management concepts and to highlight risk management products, features, benefits and availability. This presentation does not provide full details of policy provisions or approved procedures. Producers should consult with a local agent for specific details and program requirements. We are an Equal Opportunity Provider. FBN Insurance services are offered by FBN Insurance LLC (dba FBN Insurance Solutions Services LLC in Texas, and FBN Insurance Solutions LLC in California and Michigan). FBN membership is not required to purchase through FBN Insurance LLC, but certain features may only be available to FBN members. FBN Crop Insurance is currently offered in all U.S. states.


Sep 19, 2022

by FBN Network

As households across the U.S. enter what’s commonly referred to as open enrollment season for healthcare, now is a great time to sit down and explore your options for you and your family. Finding affordable health coverage can be challenging when you’re a farmer. If you’re under age 65, you’ve historically had to either secure coverage through an employer (if you or your spouse work off the farm and can obtain employer-sponsored insurance), purchase private insurance or, more recently, pay for coverage through the federal government’s Health Insurance Marketplace. [Need affordable health coverage for your operation? Apply for coverage through FBN® Health ] We launched FBN Health in response to this challenge, offering affordable coverage options and bringing a Farmers First approach to your healthcare needs. What are the coverage options for farmers? Let’s take a closer look at the primary options you have for health coverage:  FBN Health We offer four affordably-priced plans through FBN Health that deliver excellent coverage with a nationwide provider network and virtual care options to meet your family’s healthcare needs. In order to qualify for our level-funded group plan, you need one full-time employee (can be the farm owner) and a Federal Employer Identification Number (different from your social security number, an FEIN is for your farm operation). All of our plans include enhanced ambulance coverage and $0 copays on telemedicine visits.  FBN Health policies are individually underwritten -- meaning your premiums will account for your health and the health of other members in your operation alone. Note: You don’t need to be a member of the FBN network to apply and obtain a quote, but in order to secure coverage you will need to join the network. We also offer open enrollment year-round. Association Health Plans It’s also possible you can obtain a group insurance plan through membership in your local farm bureau or association. With association health plans, you cannot be denied coverage or pay a higher premium based on your health status or pre-existing conditions. Your premiums will be affected, however, by the overall health needs of other insured members in your association’s group plan. Employer-based Insurance If you or your spouse work off the farm, you might be able to sign up for individual/family insurance through the employer’s group plan. Your premiums will depend on the amount the employer contributes, but these employer-sponsored plans can be a great source of savings for your household. Health Insurance Marketplace (healthcare.gov) If you’re not eligible for employer-based insurance, you can sign up for individual/family coverage through the Health Insurance Marketplace by provision of the Affordable Care Act. These on-exchange plans generally cost more, although you may qualify for a tax credit to reduce your monthly premium. Your insurance carrier and plan options will vary based on which state you live in. Private Insurance In the past, many farmers found themselves with few options other than to purchase off-exchange coverage directly from a private insurance carrier (or through a broker). Without tax credits or employer contributions, this option can be costly for farmers -- either in terms of monthly premiums or high deductible levels, or both. Understand your costs before you sign up You will want to read a plan’s summary of benefits to understand all the out-of-pocket costs you can expect when obtaining care. Here’s a quick breakdown of costs associated with most plans: Premium: A plan’s monthly premium is the amount you will pay to maintain coverage for yourself and any other dependents on your plan. Deductible: Your deductible is the amount you’ll pay for care before your carrier pays a larger portion of your bills. Office visit and prescription copayments are not generally applied to your deductible. Copayments: Your copayment (or copay) refers to the amount you will owe for an office visit or prescription refill. These costs are usually tiered (in-network vs. out-of-network, appointment/urgent care/emergency room, branded vs. generic Rx, etc.). Coinsurance: Coinsurance is the percentage of responsibility you will have once your deductible has been met. For example, an 80/20 coinsurance level means you will be responsible for 20 percent (your carrier pays the remaining 80 percent) of the amount billed after reaching your plan’s deductible limit. Out-of-Pocket Maximum: Your out-of-pocket maximum refers to the most you will have to pay for health care costs during the plan year before your carrier will pay 100 percent of all future costs. You need to consider expected healthcare needs alongside possible emergencies, surgeries and other unpredictable medical concerns or complications when exploring your coverage options. By factoring these costs into your budget, you’ll be better equipped to manage expenses when healthcare needs arise. See your coverage options through FBN Health It takes less than 30 minutes to complete our online application and receive a free quote from our insurance broker—no FBN membership required. See if FBN Health can lower your healthcare costs and live with greater peace of mind. FBN does not offer traditional health insurance. But while we do not offer traditional health insurance, we do offer FBN Health. FBN Health is marketed by FBN Insurance LLC. FBN Insurance LLC is not a licensed insurance company or agency and its employees and representatives are not licensed life and health insurance agents. Policies marketed by FBN Health are level-funded group health benefit plans offered and administered by Benefit Plan Administrators, Inc. (“BPA”) and Employers Business Alliance ("EBA") and available only where BPA and EBA are licensed." If you submit the Get A Quote Form, a licensed insurance agent/producer may contact you on behalf of BPA or EBA. You cannot obtain coverage under a health plan until you complete and submit an application for the plan and your application is approved and accepted by BPA or EBA. Eligibility and benefit exclusions and limitations apply. FBN Health is currently available in all 50 states.


Sep 16, 2022

by FBN Network

FBN®’s industry-leading carbon scoring tech platform, Gradable ® , will support two major projects under the first round of the Partnerships for Climate-Smart Commodities funding opportunity announced recently by Agriculture Secretary Tom Vilsack. This is part of a $2.8 billion program to expand markets for climate-smart commodities.  Gradable will serve as the Measuring, Monitoring, Reporting and Verifying (MMRV) technology for an up to $90M grant awarded to Archer Daniels Midland (ADM) for quantifying verifiable greenhouse gas impacts of Climate-Smart Commodities and decarbonizing the agriculture supply chain. As well, FBN will  serve as a financial innovation partner to Field To Market on their up to $70M grant for the development of sustainable financing programs for farmers. “ FBN is thrilled to partner with both ADM and Field to Market on their innovative and ambitious programs which will reward thousands of farmers for adopting sustainable growing practices,” said FBN Head of Sustainable Business Steele Lorenz.  “Supporting these projects through both FBN’s technology that establishes a verifiable carbon accounting system for food and fuel and FBN’s sustainable financing expertise will enable the  development of markets for climate-smart commodities while decarbonizing agriculture–a win-win for farmers and the environment.” Agriculture Secretary Tom Vilsack announced that these initial projects will expand markets to: Climate-smart commodities Leverage the greenhouse gas benefits of climate-smart commodity production Provide direct, meaningful benefits to production agriculture, including for small and underserved producers More than 450 project proposals were submitted by applicants in the first funding pool. The USDA increased its investment from the initial $1 billion Secretary Vilsack announced earlier this year based on the strength of these project proposals.  "As climate-smart agricultural policy and markets develop, it is critical that the concerns and perspectives of the farmer remain at the forefront,” said FBN Head of Government Relations Ken Baric.  “I am encouraged that USDA is endeavoring to do just that, and we will work aggressively to see that any future efforts from Congress, States, Regulators, and the private sector take a farmer first approach."   Copyright © 2014 - 2022 Farmer's Business Network, Inc. All rights Reserved. The sprout logo, “Farmers Business Network”, “Gradable”, and “FBN” are trademarks, registered trademarks or service marks of Farmer's Business Network, Inc.


Sep 13, 2022

by FBN Network

The Market feature, in the FBN® App, will soon get an update, making it easier to navigate the app and making access key features. With harvest nearing, we especially want you to be aware of these improvements and share with you what's new. Except for the “Quick Start Buttons” — which every member now sees when they visit Market — the changes below apply to the premium experience our Market Advisory subscribers, and Commercial Partner members (POET, Western Plains) will view. Our team is working hard to upgrade the experience of all our members, with new changes planned for the near future. Here are some key changes:  Market Home You will now start at a newly designed Market Home screen instead of the My Sales screen. Market Home makes it easier to see key information by grouping information into tiles.  Quick Start Buttons At the top of the screen, Growers can easily jump to key features by simply tapping a button.  Delivery Summary Deliveries, upcoming and recently delivered, are displayed in this tile. Tapping on ‘Due by X date’ will take you to the contracts that require delivery by that specified date.  Contract Tasks Summary Provides a convenient way to see upcoming tasks and tapping any of these will bring you what Needs Delivery, Needs Pricing or Needs Signature and requires action.  Favorite Bids Favorite Bids are now available at-a-glance where a few of your favorite bids with cash, basis, and futures are displayed.  Market News The most recent headlines from our Research Team are displayed. Tapping the story link will take you to the full story in Market Intel. eMail us to request the daily Market Intel summary  crop-marketing@farmersbusinessnetwork.com More navigation shortcuts All the Market feature pages now include two easy ways to help with navigation. Breadcrumbs In the top left corner are breadcrumbs -- showing where you are, and an easy way to get back to Market Home. Just tap any of the breadcrumbs to quickly navigate there.  Back Button When you view details of specific contracts, tickets or settlements you can return to My Sales by tapping this button.  Announcements Current announcements for your location can be viewed at the top right-hand corner of ‘Bids’. Questions for POET? Angie Alliss | p: 641.860.4259 PGApp@poetep.com Questions for FBN? Dahn Clemens | p: 605.307.9914 dclemens@farmersbusinessnetwork.com DISCLAIMER: The FBN Crop Marketing Platform is offered by FBN BR LLC dba FBN Market Advisory - NFA ID: 0508695. We do not guarantee customers will receive specific benefits or value from participating in FBN Market Advisory; results will vary and may result in loss. Commodity trading, including futures, hedging and speculating, involves substantial risk of loss and may not be suitable for all investors. All information, publications, and reports, including this specific material, used and distributed by FBN BR LLC shall be construed as a solicitation. Past performance is not necessarily indicative of future results  Copyright © 2014 - 2022 Farmer's Business Network, Inc. All rights Reserved. The sprout logo, “Farmers Business Network”, “FBN” and "Farmers First" are trademarks, registered trademarks or service marks of Farmer's Business Network, Inc.


Aug 26, 2022

by FBN Network

FBN ® yesterday celebrated the grand opening of a new fulfillment center in Larchwood, Iowa! Farmers, ranchers and their families from the local community joined FBN Co-founders Charles Baron and Amol Deshpande for an open house event on Thursday, August 25, 2022 to open the new facility. Led by FBN Larchwood Logistics Center employees, event attendees also had the opportunity to tour the center to see the cutting-edge space.   With the opening of our new fulfillment center, FBN is dedicated to supporting the success of local farmers and ranchers in the Larchwood community — and with our fulfillment centers located around the U.S. and beyond, we’re always dedicated to putting all farmers first.  Copyright © 2014 - 2022 Farmer's Business Network, Inc. All rights Reserved. The sprout logo, “Farmers Business Network”, “FBN”, "Farmers First" are trademarks, registered trademarks or service marks of Farmer's Business Network, Inc.


Aug 19, 2022

by FBN Network

We’re excited to welcome new members joining FBN® from our recent partnership with Danvers Farmers Elevator (DFE). Through our partnership, we’ve created an app experience that will allow you to view local DFE bids, use basis data in charts, set pricing alerts, and even submit offers directly to DFE. We’ve built a streamlined sign-up process for Danver’s customers which will connect your Danvers account to FBN and enable you to directly send them offers. Get the app at - fbn.com/DFE .  Below are some FAQs we’ve put together that may help answer some questions you probably have right now, as well as some you may have as you begin to use the app. General FAQs Do I need to create an FBN Account to view DFE bids in the app? What is the hassle-free signup process for DFE growers? Can DFE access the data I add to my FBN account? Who can I talk to if I have questions? What is the value of becoming an FBN Member? How does FBN use my data? App FAQs Where do I go to see DFE bids? How can I favorite my preferred delivery locations? How can I set a Price Alert? Where can I find Basis Charts? How do I submit an offer to DFE? Where can I find DFEs response to my offers? Do I have access to Market Intel? General FAQs Do I need to create an FBN account to view DFE bids in the app? You do not need to be a member to view bids at - dfefarmpartners.gradable.com . But to submit offers to DFE and use other features in the FBN app, you will need to be an FBN member. FBN membership is free, and you can easily sign up for it as you download the FBN app in the hassle-free app signup process, exclusively for DFE growers at - fbn.com/DFE .  What is the hassle-free signup process for DFE Growers? Go to the FBN App for DFE landing page and follow the prompts. This is a special process only available for DFE growers. So please follow these three steps to successfully connect with DFE in the FBN app. Enter the mobile phone number used for your DFE account and you’ll be sent a text message with a special link. This link is crucial for initiating a step-by-step FBN account setup. Click the link in the text you’ll receive and install the FBN app. When you first open the app, you’ll see a special page for DFE customers. Click “Connect with DFE” and that will initiate the connection of DFE locations  to your FBN account. Can DFE access the data I add to my FBN account? No. FBN does not and will not share data you add to your account with third parties, including DFE. DFE can only see the offers you submit directly to the DFE merchandising team. In that case, your Merchandiser would see the offer you submitted. Who can I talk to if I have questions? Feel free to reach out to either FBN or DFE with any questions you may have. If you have questions about the app or need help getting started, reach out to FBN s Success Team for DFE Growers. Dahn Clemens | p: (605) 307-9914 | dclemens@farmersbusinessnetwork.com Tory Johnson | p: (605) 307-9914 | tjohnson@farmersbusinessnetwork.com If your questions are specific to DFE or your DFE account, please reach out to: Ryan Long | p: (309) 963-4305 | ryan@dfegrain.com What is the value of becoming an FBN Member? The FBN Network was launched in 2014 by a handful of farmers as an independent, unbiased and objective farmer-driven information source. By providing  data to FBN , farmers gain access to the FBN Network, an anonymized and aggregated data analytics platform that enables farmers to make better decisions on their farms. Today, FBN is a continually growing network of over 43,000 farmers using 100% anonymous data-sharing & unbiased benchmarking to gain valuable and trustworthy insights on virtually all aspects of their farm operations including, optimal farm practices, seed performance, inputs pricing and commodity markets. The FBN Network also provides business specific tools that allow farmers to put their own data to use in managing their business operations. How does FBN use my data? FBN uses your data for the following purposes which are required to provide you with the benefits of the FBN Network, including but not limited to: Creating your FBN account Providing you with FBN Network features, such as access to the Crop Marketing platform where you can view bids and submit offers to DFE, view your contracts & scale tickets, eSign contracts, have daily access to market intelligence reports, and manage your production data while viewing additional at-a-glance details like target breakeven and percent contracted & available. Providing operational and technical support, including improving or enhancing our products and services to you Communicating with you, such as sending you electronic notifications regarding your grain bid and offers, and for marketing purposes such as offering products and services to you in accordance with applicable law. Conducting research and analytics that help our FBN Members make better decisions on their farms Complying with our legal and regulatory requirements Protecting the rights, property, safety or security of the FBN Network, our FBN Members, employees or others and prevent fraud or illegal activity Enforcing or applying our Terms of Service . App FAQs Where can I go to see DFE bids? Tap on the Market icon at the bottom of the app, and then tap on Bids at the top of the Market screen. Bids will open and will automatically display elevators near you, including your nearest DFE facilities. Go to Bids How can I favorite my preferred delivery locations? In Bids, simply tap the star next to the location you want to favorite. Once you have selected a favorite the star will become solid blue. You can also remove the favorite at any time by tapping on the star again. The favorites feature allows you to indicate your most preferred delivery locations and automatically bring those facilities to top of your list of bids.  To get more detail on your favorites you can press on the Favorites tab, directly right of Cash Bids. By clicking this tab it will bring you to a view with only your favorited locations. In this view you have the advantage of seeing a certain locations bids over a 6 month period. The delivery period can be adjusted in the dropdown directly underneath the Favorites tab.  An additional feature in the favorites tab are basis charts for specific locations. By clicking on the delivery a new screen will appear with a basis chart. The graph displays three different data  sets over the past 12 months:  the locations' basis history, the regional average and the five year average. You can get out of this view by clicking the X in the top right corner. Go to Bids How can I set a Price Alert? From the Bids screen, tap on the Set Price Alert button. After tapping, a new screen will appear allowing you to customize the alert to meet your expectations. You can choose from cash, basis, or futures pricing. As well as the target price and alert frequency. Go to Bids Where can I find Basis Charts?  To find the basis charts/mapping tool, tap on the Market icon at the bottom of the app, and then tap on Bids at the top of the Market screen. On the Bids screen switch from CASH BIDS to FAVORITES. Then select a location and tap on a delivery period. A new screen will appear with an interactive basis chart. You are able to toggle throughout the graph to see past data and trends. Go to Bids How do I submit an offer to DFE? On the Bids screen, tap Make offer and set your offer price and quantity you'll deliver. And then receive a response from the DFE Merchandising team. Go to Bids Where can I find DFEs response to my offers? After you open the app, simply tap on the Market icon at the bottom of the app, and then tap My Sales at the top of the Market screen.  Select Offers in the dropdown to see all of your Pending, Working, Filled, and Canceled offers. Go to My Sales Do I have access to Market Intel? Yes you do. To access Market Intel, go to the Market menu and tap Market Intel. Also, send us an email at crop-marketing@farmersbusinessnetwork.com  to request the daily Market Intel email. Go to Market Intel Disclaimer: Please note that FBN merely serves to facilitate your communication with third party grain buyers and not as your agent or a party to any contract you enter into with any grain buyer. FBN has no control over, or liability for, the delivery, quality, prices, payment, legality or any other aspect of any grain transaction between you and a third party grain buyer. Neither FBN or any of its affiliates are responsible for ensuring that any third party grain buyer you transact with will complete the transaction or is authorized to do so. If you experience a problem with any goods or services purchased from, or sold to, a third party grain buyer using the FBN website or mobile application, or if you have a dispute with such a third party grain buyer, you should resolve the dispute directly with that third party grain buyer.  Copyright © 2014-2022 Farmer's Business Network, Inc. "Farmers Business Network," "FBN," and "Farmers First" are registered trademarks of Farmer's Business Network, Inc. All other trademarks are the property of their respective owners.


Article Farmer Perspective

Meet our Australian Team

Jul 22, 2022

by FBN Network

FBN® is well and truly in to our second year providing access to price transparency and online ordering with free direct to farm delivery on your crop protection and crop nutrition needs. Our Account Executives and Community Builders across Australia are embedded in your local regions and are here to support you make better on farm decisions. To meet our growing membership, our team is growing, too! Meet some of our newest Account Executives Jess Sampson Jess has 11 years of practical on farm agronomic consultancy experience as well as a university level academic agronomic education.  Her specialisations in pasture agronomy, seed and trial management means she is well versed in new seed varieties right through to on farm practical solutions to address crop pressures.  Whilst Jess is not on farm or at work, she is hanging out with her teenage sons, fishing, preserving foods or baking! Greg Mills Greg is a Bachelor of Agricultural Science (University of Queensland) having majored in crop and pasture  science. An agricultural professional with diverse skills and experience in managing production and applied R,D&E with a focus on commercial adoption, crop consultancy and sales of farm inputs including seed, fertiliser and crop protection products. When Greg is not working, he enjoys fishing, photography and poultry breeding. David Evans David lives and breathes agriculture and agribusiness.  With just shy of 30 years experience in the industry he has a thorough understanding of farm management as a grazier himself. His experience in grain marketing, broadacre practices, livestock and farm business management coupled with his advocacy in the South Australian grain industry holds him in great stead as a trusted Account Executive in South Australia. In his spare time you might catch David at some Test Cricket games, brewing his own craft beer or passionately supporting the Sturt Football Club! Anthony Stibbard Anthony has over 7 years experience in the Australian agriculture sector in broadacre cropping and livestock.  His academic Agronomic background together, his passion for AgTech and his working farm experience brings a theoretical and practical mix to his role as an Account Executive for New South Wales, Australia. When Anthony is not working he loves sports, travel (COVID permitting of course), skiing and the great outdoors. Aaron Bailey Aaron has an in depth knowledge of ag chem, grain and livestock markets with over 14 years experience across feed manufacturing through to reselling. He was brought up on a family dairy farm in New Zealand and has been in Australia for 11 years. This background in NZ farming brings a practical application to the Victorian and Tasmanian role as Account Executive at FBN . If you don't find him on the cricket pitch, he'll be with family and friends in his down time. Learn more Want to find your local Community Builder or Account Executive? Call 1800 749 140 or email info@farmersbusinessnetwork.com Copyright © 2022 Farmers Business Network Australia Pty Ltd. All rights reserved. "FBN" and "FBN Direct" are registered trademarks or trademarks of Farmer's Business Network, Inc. Products and services are offered by Farmers Business Network Australia Pty Ltd. and are available only where licensed.


Jul 21, 2022

by FBN Network

Today we’re excited to announce a new partnership between Farmers Business Network® and ADM, a leader in sustainable nutrition and agriculture, that will expand availability of FBN ’s leading-edge digital farm business management platform, Gradable® , to ADM’s network of 55,000 North American farmers. The agreement will offer growers a comprehensive digital solution to manage their businesses and track their sustainable production data.  What does this new partnership mean for farmers?  By harnessing FBN ’s leading farm e-commerce and data insights in combination with ADM’s position as one of the biggest grain buyers worldwide, Gradable will empower farmers to identify new opportunities for profitability, including reporting and verification capabilities that will enable them to engage in regenerative agriculture programs and capitalize on growing market interest in low-carbon grain .  “Combining ADM’s scale and expertise and FBN ’s digital technology with the ability to efficiently, accurately, and consistently calculate and verify regenerative farm practices is powerful and promises to serve as a catalyst for the development of premium markets that reward farmers for sustainable production,” said FBN CEO Amol Deshpande. “This level of transparency is then transferred down the line to consumers, supporting demand for sustainable consumption.” As a leader in the decarbonization of the ag industry, ADM strives to meet demand for sustainably produced food, beverage and consumer products. The group’s new partnership with FBN will “expand our array of digital tools and offer our farmer partners a leading-edge platform to measure and verify regenerative agriculture practices, and help manage their businesses,” said Greg Morris, president of ADM’s Ag Services and Oilseeds business. “We’re excited to work with more farmers to find new opportunities for them to benefit from the production of differentiated, sustainably produced crops.” How does FBN ’s Gradable support farmers?  A modern, digital infrastructure designed to enhance the relationship between farmers and grain buyers, FBN’s Gradable platform supports secure and efficient grain transactions for production agriculture.  “ FBN ’s Gradable is not only the major digital innovation farmers need to identify opportunities to drive profitability, but it is also the carbon accounting system upon which a low-carbon ag economy can be built, with the potential to decarbonize the food and fuel supply chains on a gigaton scale,” explained FBN CEO Amol Deshpande.  By enabling farmers to effectively capture and analyze production data like carbon scores, the platform empowers farmers to increasingly participate in new sustainability markets and further monetize their operations. Farmers who utilize Gradable’s environmental scoring function in addition to adopting regenerative agricultural practices have produced grain with 20-30% smaller carbon intensity footprints. Interested in maximizing your operation’s profitability? Learn more about Gradable here.    Copyright © 2014 - 2022 Farmer's Business Network, Inc. All rights Reserved. The sprout logo, “Farmers Business Network”, “Gradable”, and “FBN” are trademarks, registered trademarks or service marks of Farmer's Business Network, Inc.


Jul 21, 2022

by FBN Network

Originally published on Business Wire on July 21, 2022 CHICAGO & SAN CARLOS, Calif.--( BUSINESS WIRE )-- ADM  (NYSE: ADM), a leader in sustainable nutrition and agriculture, and  FBN  (Farmers Business Network ® FBN® ), a global farmer-to-farmer network and AgTech company, today announced they had signed an agreement to expand availability of FBN’s leading-edge digital farm business management platform, Gradable, to ADM’s network of farmers across North America, offering 55,000 growers a comprehensive digital solution to manage their businesses and measure sustainable production data. Leveraging ADM’s scale and expertise as one of the world's largest grain buyers and FBN’s cutting-edge digital farm commerce and data-analytics, the Gradable platform will 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. “ADM is leading in the decarbonization of our industry, meeting demand for food, beverages and consumer products that are produced sustainably from seed to store shelf,” said Greg Morris, president of ADM’s Ag Services and Oilseeds business. “Last year,  we committed to reducing our Scope 3 emissions 25% by 2035 . Just last May, we committed $20 million in incentives for farmers who use cover crops to improve soil health, prevent runoff and reduce carbon emissions . Now, we’re taking yet another important step by partnering with FBN to expand our array of digital tools and offer our farmer partners a leading-edge platform to measure and verify regenerative agriculture practices, and help manage their businesses. We’re excited to work with more farmers to find new opportunities for them to benefit from the production of differentiated, sustainably produced crops.” FBN’s Gradable technology platform was developed to provide a modern digital infrastructure to strengthen the relationship between grain buyers and farmers, as a new era emerges requiring efficient, transparent, and secure grain transactions for production agriculture. Gradable’s digital infrastructure does this by connecting farmer and buyer experiences into a single, secure technology platform. Gradable also lays the groundwork for increased farmer participation in new sustainability markets by allowing them to seamlessly collect and calculate verifiable production data–including carbon scores–empowering them to monetize these downstream benefits in the market. 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. 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 “FBN’s Gradable is not only the major digital innovation farmers need to identify opportunities to drive profitability, but it is also the carbon accounting system upon which a low-carbon ag economy can be built, with the potential to decarbonize the food and fuel supply chains on a gigaton scale,” said FBN CEO Amol Deshpande. “Combining ADM’s scale and expertise and FBN’s digital technology with the ability to efficiently, accurately, and consistently calculate and verify regenerative farm practices is powerful, and promises to serve as a catalyst for the development of premium markets that reward farmers for sustainable production. This level of transparency is then transferred down the line to consumers, supporting demand for sustainable consumption.” Farmers who have used Gradable have spoken highly of its benefits: "Participating in the program was quick and painless. The program is a great opportunity to earn an extra premium on my soybean crop." - Braden Stefan, Golden City, MO "The program was simple and easy to participate in. Like finding money on the ground. Transferring data for the program was easy and worked well with the data platform that we use." - Doug James, Appleton City, MO. About ADM ADM unlocks the power of nature to enrich the quality of life. We’re a premier global human and animal nutrition company, delivering solutions today with an eye to the future. We’re blazing new trails in health and well-being as our scientists develop groundbreaking products to support healthier living. We’re a cutting-edge innovator leading the way to a new future of plant-based consumer and industrial solutions to replace petroleum-based products. We’re an unmatched agricultural supply chain manager and processor, providing food security by connecting local needs with global capabilities. And we’re a leader in sustainability, scaling across entire value chains to help decarbonize our industry and safeguard our planet. From the seed of the idea to the outcome of the solution, we give customers an edge in solving the nutritional and sustainability challenges of today and tomorrow. Learn more at  www.adm.com . About FBN’s Gradable Platform The Gradable platform was launched by Farmers Business Network (FBN) in September 2020 and provides new technology that facilitates grain transactions between producers and commercial buyers, and also provides services that facilitate the scoring, sourcing, and pricing of Low-Carbon Grain. Gradable fully integrates with FBN farmer-facing technology as well as commercial buyer grain accounting systems, and has attracted approximately 1 billion bushels to the platform in less than 9 months. Gradable not only strengthens the relationship between grain buyers and sellers, but also enables comprehensive environmental transparency and supports a market for premium, environmentally-scored grain.To learn more, visit  www.gradable.com About FBN Farmers Business Network ( FBN  -Farmers Business Network ® FBN® ), Inc. is a global farmer-to-farmer network and independent AgTech platform whose mission is to power the prosperity of family farmers around the world while working toward a sustainable future. Its Farmers First® promise has attracted over 43,000 members to the network with a common goal of maximizing their farm’s profit potential. FBN has set out to redefine value and convenience for farmers by helping to reduce the cost of production and maximize the value of their crops. FBN members farm more than 98 million acres in the U.S., Canada and Australia. Blending the best of Midwestern agricultural roots and Silicon Valley technology, the Company has over 900 employees with principal offices in San Carlos, Chicago, Sioux Falls, High River and Perth, with significant warehouse and logistics, remote and field employees across the US, Canada and Australia. To learn more, visit:  www.fbn.com . Contacts ADM Jackie Anderson media@adm.com 312-634-8484 FBN Amy Wolfcale awolfcale@farmersbusinessnetwork.com 917-576-8767


Jul 14, 2022

by FBN Network

We’re excited to be welcoming new members coming to FBN® from Western Plains Energy, LLC (WPE). We’ve been working with farmers and their data since 2014, and we know you care about how your data is used and shared -- and we take your privacy seriously. We appreciate that you are considering trusting us with your data and protecting that information is an important part of how we conduct our business. For more information on our information practices, including the kinds of information we may collect, how we protect that information, how we use and share that information, please visit our Privacy Policy . Below are some FAQs we’ve put together that will help you better understand some questions you probably have right now, as well as some you may have as you begin to use the app. WPE & FBN FAQs How do I get access to my WPE sales data in the FBN app? Do I need to create an FBN Account to access my WPE data in the app? How does FBN use my data? Can WPE access the data I add to my FBN account? Who can I talk to if I have questions? Feature FAQs My Sales Contracts Where can I see my WPE contracts? What can I do if I don’t see all of my WPE contracts in my FBN account? How can I see how many bushels are left to deliver on a contract? Tickets Where do I go to see my scale tickets? How do I see what specific tickets were applied to a contract? Settlements Where can I see my settlements? Bids Where do I go to see WPE bids? How can I favorite my preferred delivery locations? How can I set a Price Alert? Where can I find basis charts? WPE & FBN Data FAQs How do I get access to my WPE sales data in the FBN app? Go to the WPE landing page in the FBN App and follow the prompts. This is a special process only available for WPE growers. So please follow these three steps to successfully connect your WPE sales data to the app. Enter the mobile phone number used for your WPE account and you’ll be sent a text message with a special link. This link is crucial for initiating a step-by-step FBN account setup. Click the link in the text you’ll receive and install the FBN app. When you first open the app, you’ll see a special page for WPE customers. Click “Connect with WPE” and that will initiate the connection of your WPE sales data to your FBN account. Do I need to create an FBN account to view my WPE sales data in the app? Yes. If you would like to view your WPE sales data through the FBN App, you’ll need to follow the steps above to get started with the FBN App. FBN membership is free, and you are not obligated to buy anything from FBN or contribute any other data. What is the value of becoming an FBN Member? The FBN Network was launched in 2014 by a handful of farmers as an independent, unbiased and objective farmer-driven information source. By providing  data to FBN , farmers gain access to the FBN Network, an anonymized and aggregated data analytics platform that enables farmers to make better decisions on their farms. Today, FBN is a continually growing network of over 43,000 farmers using 100% anonymous data-sharing & unbiased benchmarking to gain valuable and trustworthy insights on virtually all aspects of their farm operations including, optimal farm practices, seed performance, inputs pricing and commodity markets. The FBN Network also provides business specific tools that allow farmers to put their own data to use in managing their business operations. How does FBN use my data? FBN uses your data for the following purposes which are required to provide you with the benefits of the FBN Network, including but not limited to: Creating your FBN account Providing you with FBN Network features, such as access to the Crop Marketing platform where you can view bids and submit offers to WPE, view your contracts & scale tickets, eSign contracts, have daily access to market intelligence reports, and manage your production data while viewing additional at-a-glance details like target breakeven and percent contracted & available. Providing operational and technical support, including improving or enhancing our products and services to you Communicating with you, such as sending you electronic notifications regarding your grain bid and offers, and for marketing purposes such as offering products and services to you in accordance with applicable law. Conducting research and analytics that help our FBN Members make better decisions on their farms Complying with our legal and regulatory requirements Protecting the rights, property, safety or security of the FBN Network, our FBN Members, employees or others and prevent fraud or illegal activity Enforcing or applying our Terms of Service . Can WPE access the data I add to my FBN account? No. FBN does not and will not share data you add to your account with third parties, including WPE. WPE can only see the offers you submit directly to the WPE merchandising team. In that case, your Merchandiser would see the offer you submitted. Who can I talk to if I have questions? Feel free to reach out to either FBN or WPE with any questions you may have. If you have questions about the app or need help getting started, reach out to FBN s Success Team for WPE Growers. Dahn Clemens | p: (605) 307-9914 | dclemens@farmersbusinessnetwork.com Tory Johnson | p: (605) 307-9914 | tjohnson@farmersbusinessnetwork.com If your questions are specific to WPE or your WPE account, please reach out to: Greg Doll | p: (785) 672-7079 | gdoll@wpellc.com Feature FAQs My Sales After you open the app, to view your WPE sales data simply tap on the Market icon at the bottom of the app, and then tap My Sales at the top of the Market screen. Contracts Where can I see my WPE contracts? Tap on the Market icon at the bottom of the app, and then tap on My Sales at the top of the Market screen. My Sales will open and you will just need to make certain the dropdown menu is displaying Contracts to view all of your imported WPE contracts. What can I do if I don’t see all of my WPE contracts in my FBN account? Sometimes, contract information does not refresh automatically. On the My Sales tab, change the “All” filter to something else and then change it back to “All” which will refresh the information being displayed. How can I see how many bushels are left to deliver on a contract? Scroll through your contracts and find the one you have delivery questions about. Tap on it, and it will display details of the contract including total contracted volume, delivery period, and bushels remaining. Tickets Where do I go to see my scale tickets? Tap on the Market icon at the bottom of the app, and then tap on My Sales at the top of the Market screen. My Sales will open and you will just need to make certain the dropdown menu is displaying Tickets to view all of your imported WPE scale tickets. How do I see what specific tickets were applied to a contract? Scroll through your contracts and find the one you have questions about. Tap on it, and it will open and display details of the contract including. Scroll down to the end of the contract and you will see the tickets section which will list the tickets that have been applied to the contract. You can also tap on the ticket to view the specific details of that delivery. Settlements Where can I see my settlements Tap on the Market icon at the bottom of the app, and then tap on My Sales at the top of the Market screen. My Sales will open and you will just need to make certain the dropdown menu is displaying Settlements to view all of your imported WPE settlements. How do I see what specific settlements were applied to a contract? Scroll through your contracts and find the one you have questions about. Tap on it, and it will open and display details of the contract. Scroll to almost the end of the contract and you will see the Settlement section which will list the settlements that have been applied to the contract. You can also tap on a settlement to view the specific details of that delivery. Bids Where can I go to see WPE bids? Tap on the Market icon at the bottom of the app, and then tap on Bids at the top of the Market screen. Bids will open and will automatically display elevators near you, including your nearest WPE facilities. How can I favorite my preferred delivery locations Simply tap the star next to the location you want to favorite. Once you have selected a favorite the star will become solid blue. You can also remove the favorite at any time by tapping on the star again. The favorites feature allows you to indicate your most preferred delivery locations and automatically bring those facilities to top of your list of bids.  To get more detail on your favorites you can press on the Favorites tab, directly right of Cash Bids. By clicking this tab it will bring you to a view with only your favorited locations. In this view you have the advantage of seeing a certain location's bids over a 6 month periods. The delivery period can be adjusted in the dropdown directly underneath the Favorites tab.  An additional feature in the favorites tab are basis charts for specific locations. By clicking on the delivery a new screen will appear with a basis chart. The graph displays three different data  sets over the past 12 months:  the locations' basis history, the regional average and the five year average. You can get out of this view by clicking the X in the top right corner. How can I set a Price Alert? From the Bids screen, tap on the Set Price Alert button. After tapping, a new screen will appear allowing you to customize the alert to meet your expectations. You can choose from cash, basis, or futures pricing. As well as the target price and alert frequency. Where can I find basis charts?  To find the basis charts/mapping tool, tap on the Market icon at the bottom of the app, and then tap on Bids at the top of the Market screen. On the Bids screen switch from CASH BIDS to FAVORITES . Then select a location and tap on a delivery period . A new screen will appear with an interactive basis chart. You are able to toggle throughout the graph to see past data and trends. FBN Market Advisory services  are offered by FBN BR LLC - NFA ID: 0508695.   Disclaimer: Please note that FBN merely serves to facilitate your communication with third party grain buyers and not as your agent or a party to any contract you enter into with any grain buyer. FBN has no control over, or liability for, the delivery, quality, prices, payment, legality or any other aspect of any grain transaction between you and a third party grain buyer. Neither FBN or any of its affiliates are responsible for ensuring that any third party grain buyer you transact with will complete the transaction or is authorized to do so. If you experience a problem with any goods or services purchased from, or sold to, a third party grain buyer using the FBN website or mobile application, or if you have a dispute with such a third party grain buyer, you should resolve the dispute directly with that third party grain buyer. All information, publications, and reports, including this specific material, used and distributed by FBN BR LLC shall be construed as a solicitation. FBN BR LLC does not distribute research reports, employ research analysts, or maintain a research department as defined in CFTC Regulation 1.71. For the purposes of quality assurance and compliance, phone calls to and from FBN BR LLC may be recorded.  Contact 877-472-4607 for more information. Copyright © 2014-2022 Farmer's Business Network, Inc. "Farmers Business Network," "FBN," and "Farmers First" are registered trademarks of Farmer's Business Network, Inc. All other trademarks are the property of their respective owners.