Strategic investment from the FBN℠ network will help farmers capture profitable organic opportunities.
AgriSecure, a turn-key organic platform company, and Farmers Business Network(FBN), recently announced a major strategic partnership to enhance the profitability of organic grain production for farmers, and increase organic grain access and traceability for buyers. As part of the partnership, Farmers Business Network has made an anchor strategic investment in AgriSecure.
AgriSecure, based in Arlington, Nebraska, was founded by fifth generation farmers to partner with farmers to successfully scale organic grain production. The AgriSecure platform simplifies the transition from traditional farming to organic farming and increases producer profit potential and reduces their risk from ongoing organic production. AgriSecure provides farmers with production expertise, technology systems and on-farm support to successfully manage organic farming at scale. The AgriSecure program includes the end-to-end management of organic acres, including organic certification support, whole farm and field-level management, agronomic advice, proprietary data platform access, and marketing access.
“This is an exciting moment for AgriSecure and for US farmers who are facing low profits and limited options,” said J.P. Rhea, Founder & CEO of AgriSecure. “Organic grains, done correctly, can allow growers to capture terrific premiums – we’ve proven it on our farms. The FBN network will supercharge our services with its FBN Direct℠ input procurement network, buyer connections, and advanced data science capabilities. Together, AgriSecure and the FBN Network will have the platform, knowledge and scale to transform organic agriculture.”
Current farmers leveraging the AgriSecure platform are seeing much higher revenue per acre growing organics than compared to traditional non-organic methods, with prices for organic grains being 2-3 times higher than conventional grains. “We believe AgriSecure has cracked the code on large scale, row crop organic farming: the AgriSecure program makes organic farming a viable commercial option for large scale commodity farmers,” says Rhea.
Despite the rapid growth of organic foods, the U.S. is a major net importer of organic grains from countries such as India, Turkey, and Romania – which creates traceability risks and presents a lost profit opportunity for U.S. farmers.
“In a time when U.S. farm profits are low and we’re importing organic grains, AgriSecure empowers US farmers to capture the profit potential of organic grains such as corn and soybeans with a seamless transition,” says FBN network Co-Founder and VP of Product Charles Baron. “By providing buyers state of the art traceability, it enables food companies to manage their organic supply chains domestically, at scale, and with field-level traceability.”
Comprehensive operation management including planning, execution, and analysis
Hands-on agronomic advice including best practices, training and in-season coaching
Streamlined organic certification support, traceability, and record-keeping
Guidance on how to finance the transition through every stage of the process
Insights into how to market organic crops and opportunities with buyers of organic grains
FBN members will have priority access to the AgriSecure platform. Through this investment, the FBN network will look to expand and scale AgriSecure’s offerings to more regions and crops, including eventually offering transition financing and marketing support.
In addition to creating a valuable new opportunity for producers, organic buyers can now realize large scale access to organic grains through AgriSecure’s traceability platform, and FBN Crop Marketing’s Identity Preserved contracting programs.
“Buyers can now work end-to-end. They can line up long term supply, grown by premier farmers, with total traceability and field-level crop knowledge,” said Baron. “We can even help them roll out and manage custom or proprietary seed genetics, for a crop tailored to their end product.”
The FBN Network now serves more than 24 million acres of farmland, or an area roughly the size of Indiana, serving farms across the US and Canada.