FBN Network

FBN Network

Jun 16, 2022

by FBN Network

Today we're excited to announce the start of construction on Farmers Business Network®'s new 198,000 square foot distribution facility in Saskatoon. Once completed in November 2022, the facility will be one of the largest agricultural product distribution facilities in Canada. Supporting logistics operations throughout regional network, the facility will offer local farmers convenient access to faster, even more reliable exactly when they need them. With the launch of our new Saskatoon facility later this year, will have fulfillment centers within 400 kilometers of the vast majority of our more than who represent 20 million acres in Canada. “We are very happy to welcome the Canadian logistics hub to Saskatoon,” says Saskatoon Mayor Charlie Clark. "It strengthens our ability to be a major food production epicenter, helping meet the demands of a growing world. This demonstrates industry confidence in our city and in the expertise and talent we have here.” Serving as the main fulfillment center for in Saskatoon, the new facility at 123 Prospect Rd, Corman Park, SK, will also serve as a hub for smaller logistics networks throughout Saskatchewan and Manitoba. “This excellent location and workforce in Saskatoon are strong assets as we continue the expansion of the modern, reliable logistics network that helps farmers reduce uncertainty and drive profit potential,” says Canada Country Manager Breen Neeser. At , we understand how challenging it can be to get the supplies you need, especially amid shortages at critical times throughout the season. To address this issue, we’ve invested heavily in developing the first modern logistics network in agriculture to use in the creation of an agile system for the efficient movement of critical farm inputs. Our market analysis team harnesses the power of farmer data to directly contribute to farmer profitability. By aggregating and analyzing critical data points including regional weather patterns, national supply trends, direct farmer feedback, and other , logistics network identifies potential shortages and can rapidly redistribute inventory to maintain sufficient supplies. Knowing that our facilities will remain stocked, farmers can expect consistent, convenient deliveries even when widespread supply chain disruptions jeopardize delivery reliability from older systems. “Traditional warehousing of inputs may put farmers at risk – in that the products they need have sold out and won’t be available until a new shipment arrives, damaging their profit potential for the whole season," explains Jack Cox, vice president of global fulfillment and logistics at . "We use data to understand when a potential shortage is emerging so we can address it in real-time with our network of logistics centers, as happened earlier this year when kept key inputs like Glyphosate in stock to serve our members during a shortage this spring.”

May 17, 2022

by Bree Hartas

As you close your books on the End of Financial Year* or look to the 2022 planting season, many growers are looking back at the previous season in Australia. While it was a good season for some farmers, many were hit hard with unseasonal floods and a late harvest. Regardless of the season you just had, FBN® is here to help.  There’s never been a better time to assess how to best maximise this EOFY period than with some amazing offers to help your bottom line, stock up and offset your tax.  No matter what situation you’re in, there are plenty of ways to stock up during this EOFY period before the 30 June deadline approaches quickly.  Let’s look at some of these special offers to help you determine if you want to finance your inputs or buy them in cash this year.  Shop now to join the 0% Club To join the 0% club, you must purchase a minimum of $60,000 of crop protection, adjuvants or crop nutrition from by 30 June 2022 to extend 0% financing on purchases through 31 August 2022. Payment is due in full by 1 January 2023.  “Australian growers have been asking the ag industry for a finance offering, which is not tiered and levels the playing field.  0% finance is an EOFY solution that fits this need and is completely unique in the marketplace. We are proud to have brought this offering to Australia.” Tristan Jones, Regional Director, Australia.  Click to learn more.  Take advantage of the cash discount program Unlock 3% OFF with cash payments on herbicides, insecticides, fungicides, crop nutrition and adjuvant products purchased through . Act quickly though as this is only good until 30 June 2022.  “We’ve seen some phenomenal early uptake of our Cash Discount Program. Members are telling us that the option to spend up cash is coming at exactly the right time in the lead up to the EOFY period.” says Jones. Click to learn more.  New customer rewards New members get big rewards. If you’re a new member purchasing inputs with us for the first time, you’ll get a $750 discount when you purchase a minimum of $15,000 on products from the store.  Click to learn more.  Lock in today Lock in your products today on and take advantage of these tax-saving solutions. 30 June is not far away! 

Apr 14, 2022

by Mark Wilson

With the release of the a few weeks ago, FBN® took a deep dive into what’s happening in the world of agriculture, how it’s affecting farmers and what to expect for the rest of 2022. This was the first time tackled a broad topic like the state of agriculture in a report. And behind the scenes, the report that was originally conceived ended up being affected by geopolitical events that shook the world and changed the course of how we were thinking about the state of agriculture. Why was it important to produce this report The State of Ag report was part of our Planning Ahead series of content, meant to help our members make knowledgeable decisions ahead of the new growing season. In the report, we talked about how inflating costs were tied to both supply chain logistics and energy prices. But those things are even more impactful now  as the war in Ukraine exacerbates the challenges farmers were already facing before the war.  Kevin McNew is the Chief Economist at and one of the authors of the report. He says that one of the big fears he heard from farmers was that commodity prices are going to collapse. He says farmers are afraid they’ll be stuck paying substantially higher prices for glyphosate and other fertilizers and then see commodity prices tank.  But while some farmers are filled with anxiety and trepidation about this happening, one of the things McNew felt was important was to provide truthful insights about what’s actually happening and what farmers may expect in the coming months.  “I think the value we were able to bring with this report was to be able to say, ‘Look, here’s why we don’t think that’s going to happen.’” How the state of ag changed overnight McNew and his team originally started talking about putting together this report in January, almost 6 weeks before the outbreak of the war in Ukraine. One of the factors McNew was thinking about as he started working on the report was to remind farmers that we’ve been in a bull market for 18 months.  As he explained, 18 months of rising grain prices is a long time. There aren’t many instances where grain prices have continued to rise for that length of time. It’s rare to see that kind of prolonged price inflation and grain prices. McNew equates it to a small localized forest fire. As prices continued to rise there was a sudden outbreak of war in Europe, that small fire became a raging rain of fire on the markets.  “We expect the markets will fluctuate day-to-day based on whatever the headline event is around negotiations or talks between Russia and Ukraine. But for all practical purposes, we don’t currently see anything changing that deflates the markets. That’s why we were confident saying that grain prices would likely smash record highs,” says McNew. While he admits this is a bold statement, he says the powder keg of bullish factors that already existed for the last 18 months and the outbreak of war in Eastern Europe meant that there will be long term effects on agriculture for years to come. “You can maybe picture a world where there’s a ceasefire but normalization seems so far removed. We’re talking about Ukraine being literally destroyed as a country. Even if there is a ceasefire, what happens with Russia? Can Russia be brought back into the world markets? Or are they perpetually banished for sometime in the near future?”  While both countries are pivotal and important to global agricultural trade, it’s difficult to imagine a world where these countries are able to return to normal in just months or even years.  How the war affected fertilizer prices Fertilizer prices started rising in the fall of 2021 when Hurricane Ida struck New Orleans. Key manufacturing facilities for fertilizer were damaged throughout Louisiana which slowed and halted production in some instances.  At the same time, natural gas prices were going down because of shortfalls in Europe. So between the hurricane and natural gas prices dipping, we continued to see really high fertilizer prices. It wasn’t until December of 2021 that fertilizer prices started to drop.  By this point, production facilities started to come back online and it seemed as if things would begin to even out. But as the threat of war loomed, natural gas prices started to rise and fertilizer prices once again began to increase significantly.  Ripple effects of current events After the report was released, McNew started to see other factors at play that could have global implications.  He and his team started to see a deeper context around the fact that 30% of global wheat trade is Russian. One of the strategic areas McNew is keeping a close eye on is North Africa as bushels of wheat make their way into lesser developed areas of the continent that are highly sensitive to escalating food prices. North Africa’s reliance on both Ukrainian and Russian wheat could make the region a volatile powder keg as food becomes a political lever. As both wheat and food prices continue to rise, McNew sees the potential for geopolitical instability to spread into both North Africa and the Middle East.  He says current events in North Africa are similar to what happened in 2011 with the Arab Spring. Russian drought in 2010 caused wheat prices to rise and were a catalyst for the uprisings that spread across several Arab nations.  Looking to the future “The key message we wanted to express was to be aggressive about locking in input costs. You need them for the growing season. You need them to maximize your crops. From a price standpoint, get locked in. And from an availability standpoint, you want to make sure you have inputs for the season,” say McNew. McNew says that when he presented his findings at this year’s Commodity Classic in New Orleans, he saw relief on farmer’s faces. McNew admits it won’t be easy for farmers to look at the markets now and be faced with high inputs. He says when farmers sit down and put pencil to paper to figure out their profitability, they may only see the short-term. But look to the long-term and realize that prices fluctuate and could potentially rise.  “I literally could see farmers’ shoulders relax when I told them that grain prices are not done. They are going to keep moving higher in the months ahead. And with that you could see that anxiety leave their body.”  Get the free report Watch a roundtable discussion with the authors of the report as they discuss some of the key report takeaways and today. Members can access this report and more in the of the app.

Mar 17, 2022

by FBN Network

At , our Product Team is constantly thinking about our member’s experience and developing both large and small changes to make that experience better. This post is about the latter – a small change that will provide a big improvement to your overall experience. Over the last several years we’ve introduced numerous products, services and features – all focused on helping farmers manage an ROI positive business. But as we grew, navigating our mobile app to find and use those experiences was becoming less intuitive. So a change was made. To see the change, just look at the bottom right corner of the mobile app – it doesn’t matter if you use an iPhone or an Android phone. The icon with three stacked bars, sometimes called a hamburger menu, now does something entirely different than it did a month ago – they display all the options available to navigate the app. And its goal is to help you move around the different parts of the app a bit faster. This improvement is important to call out since it changes the way you’re able to move around the app. The bar at the bottom of the app is persistent and always offers four key destinations: Home Shop Market Community But there is a lot more to – Finance, Insurance, Analyze, Seed Finder, etc. And there are a lot more actions you may want to take – manage your notification preferences, manage your profile, see the status of premium programs or subscriptions you may be participating in. All of those options are now available by tapping on the Menu icon. Once you open the menu, it should work very much like other app and website menus you’re already familiar with. Just tap the product or feature you are interested in. In some cases, a sub-menu will be displayed so you can choose the exact product or feature you want to interact with. In the example above, if you tap on Market, it will open a sub-menu that gives you access to the different features in the Market experience.  Each time you pick up your phone to use the app, you have a specific objective in mind. While this change is small, the goal is simply to make it easier for you to be successful each and every time you use our app.

Mar 11, 2022

by Kevin McNew

A lot has happened in the 3 short months of 2022. That’s why we felt it was important to take a look at the state of agriculture in 2022 to see what events led us to where we are today and where we’re headed in the future. is meant to bring more transparency to agriculture and help farmers make knowledgeable decisions for their operations.  Watch Kevin McNew, FBN®’s Chief Economist talk briefly about what you can expect in this report and the impact it will have on farmers and agriculture in the coming year.  Watch now How did we get here?  COVID-19 and supply chain issues Both issues have led to increased chemical and fertilizer prices along with other factors that have made it challenging for farmers to source necessary crop inputs. Historic consumer and commodity price inflation With food price inflation at the highest it’s been in over 40 years, key crop prices have spiked due to demand and drought-induced supply shortfalls. War outbreak in Ukraine The war in Ukraine affects wheat markets as both countries account for 13% of global wheat production and 30% of international wheat trade. Without a quick resolution to this conflict, global grain prices will continue to rise.  Key farmer takeaways  Looking to the future, what can farmers expect for the state of ag in 2022? Based on our report, there are a few key takeaways farmers should keep in mind. Grain markets will smash record highs in 2022 U.S. acreage shift not likely to derail price strength Biofuels will provide short and long-game effects to agriculture growth Farmers will face rising costs and see limited profit growth.  Understand the justification for those takeaways and get our full analysis by downloading this free special report below.  Get the free report Watch a roundtable discussion with the authors of the report as they discuss some of the key takeaways and today. Members can access this report and more in the of the app.

Nov 18, 2021

by FBN Network

Today we're proud to announce two major milestones at  , both of which will provide tremendous new assets to serve your farm. Growing a Strong Independent Farmer Network We started in 2014 with just 3 farms and a bold mission: to make farming better for farmers by building an independent farmer network and using advanced technology to bring transparency to your data driven decisions including input purchasing, financing your farm, or dealing with commodity markets. Thanks to your support,   has grown to over 33,500 members strong farming more than 82 million acres. Serving your farms behind the scenes are over 800 employees, many of whom live in rural communities and are farmers themselves. We also have 30 regional warehouses & pharmacies, and over 450 local Community Builder partners in rural USA, Canada, and Australia. As a technology company, we are one of the few who do business in the rural world. We are proud to call ourselves a rural enterprise and greatly appreciate your support. The Future of : New Capital Raise of $300 Million Today, we are proud to announce a new capital raise of $300 million from world-class, long-term financial partners led by Fidelity Management and Research, one of the world’s largest and most trusted institutional investors. Ensuring   is supported by long-term minded capital partners allows us to continue to innovate on the hardest problems affecting farmer profit potential and to stay true to our mission of disrupting the ag industry for the benefit of our family farm customers. We will use the capital to hire over 350 new team members in the next year alone and make significant investments in technology and data science. This will bring you even more technologies to use on your farm, salient information, and new services such as our comprehensive financial services and sustainability offerings that can help you finance your farm (land, operating, or equipment loans) and achieve premiums for your sustainable practices. As always, we will continue to invest in our proprietary technologies and supply chain for   to help bring down prices, and do a continually better job delivering goods direct to your farm on demand. We're honored to have earned your support and partnership in creating a better ag economy that puts Farmers First®. We proved this year filled with supply chain hiccups that we are a reliable partner of choice. Below are two new key initiatives we would like to draw your attention to: Financial Get the funding you need to grow your farm, whether that means land, operations, or equipment. By working with Finance, you're supporting your operation with affordable financing from a team that's 100% dedicated to agriculture. Our financial solutions are customized to your farm's unique needs and your eligibility is based on who you are, not who you know. We offer a broad range of financial solutions, including ag land loans, equipment loans, margin loans, operating lines of credit, Farmland Capital, and more. or call 866-619-3080 to speak directly with our loan advisor team. Gradable® Leading the way with a unified approach to agricultural commercial services, new company Gradable® was designed to build technology and services for an integrated agriculture supply chain, ensuring a sustainable, profitable future for commercial agriculture. Gradable offers innovative sustainability solutions and financial services for grain companies and other commercial agriculture businesses. Sign up now  to look for grain marketing opportunities, insights, and premiums based on your sustainable practices.  Looking Ahead to the Future of Thank you again for your support for these many years. The journey has not been easy, but it's worthwhile. And we are still at the beginning stages of a decades-long transformation of the ag sector that we are confident will benefit family farms. Sincerely, The   Global Team Watch Now: Putting Farmers First® at

Aug 06, 2020

by FBN Network

We are pleased to announce that Ron Shaich, founder and long-time CEO of Panera Bread Company, has joined the Board of Directors as an independent director. Shaich’s addition to the board follows our recent announcement about a new round of fundraising that is aimed at advancing our mission to power the prosperity of family farmers around the world by helping them maximize their profit potential. “We’re excited to bring Ron’s wealth of experience to our board,” says Amol Deshpande, CEO and Co-Founder of . “Ron is a groundbreaking CEO who built one of the most successful public companies in history, and his food industry background will translate well to serving the ultimate entrepreneurs: farmers.” Learn more about Ron Shaich joining our Board of Directors. In addition to founding Panera and serving as the company’s Chief Executive Officer for more than three decades, Shaich previously co-founded and grew Au Bon Pain. His influential leadership has helped transform the restaurant industry through the establishment of the bakery-cafe and fast casual segments.  Today Saich is managing partner for Act III Holdings, which has invested in companies such as Cava/Zoes, BJ’s, Tatte, Life Alive, Level 99, Clover and Farmers Business Network. “I’m a huge proponent of supporting and investing in companies that have a long-term perspective and are transforming entire industries,” said Shaich.  “ is the most exciting and important ag tech company in the world and I’m looking forward to having the opportunity to work with the team. Having worked in the food industry all my life, I’m inspired by the mission to improve the profitability of family farmers around the world, especially right now, given that many of them are struggling to survive.” © 2015-2020 Farmer’s Business Network, Inc. All rights reserved. The sprout logo, “Farmers Business Network”, “FBN”, “FBN Direct”, “Farmers First” and the Farmers First flag logo are registered service marks and “F2F Genetics Network” is a trademark of Farmer’s Business Network, Inc. or its affiliates and are used with permission. All other trademarks are the property of their respective owners.

Apr 23, 2020

by Brian Paff

On April 16, we hosted a live roundtable discussion between four Crop Marketing analysts: Kevin McNew, Chief Economist Rejeana Gvillo, Senior Commodity Analyst Ryan Denis, Head of Crop Marketing - Canada Cy Monley, Head of Brokerage This webinar was to help farmers like you gain a better sense of the current state of commodity markets as the coronavirus pandemic continues to impact most areas of the world. Watch now Here’s a quick look at three key topics our panel discussed Even if you weren’t able to participate in the live event, you can still watch the video above. We’ve also identified some key takeaways from their conversation below and included timestamps so you can navigate to specific moments in the webinar for more detailed commentary. 1. What are some ways the coronavirus is impacting the ag industry, in particular demand for commodities? The demand side of the balance sheet for corn ( 1:30 ) has softened since stay-at-home orders began to take hold, driving price action downward as ethanol production slowed significantly over the past several weeks. We’ve actually been tracking U.S. mobility trends during the COVID-19 pandemic to gain a clearer picture of how ethanol demand might be impacted moving forward. In Canada, demand for malt barley ( 13:43 ) has declined as bars and restaurants have closed their doors and beer consumption rates lowered. Price action for old-crop malt barley has all but disappeared, and new-crop malt barley now turns to the country’s export program for supportive price action. Wheat in both the U.S. ( 5:49 ) and Canada ( 15:31 ) actually saw some positive price action as consumers scrambled to stock up on flour and other wheat/durum products (e.g., pasta), but we believe this trend is likely to be relatively short-term ( 21:59 ; 22:34 ). Meanwhile the livestock industry ( 6:46 ) has experienced disruption over the past month with plant closures and decreased demand from the restaurant industry. 2. How can a systematic, disciplined approach to crop marketing play a role in your decision-making during this pandemic? Cy Monley ( 9:46 ) emphasized the importance of establishing both 1) your process for grain marketing; and 2) your success metrics so you can assess your grain marketing decisions at the end of the year. He also discussed the importance of looking at data to guide your grain marketing. To drive this point home, he polled webinar attendees ( 12:09 ) to see what they viewed as the odds corn will be selling at or above $4.00/bu at harvest and later used the results of that informal poll ( 17:14 ) to discuss market probabilities and how they can be used to inform decision-making. At , we’ve long advocated for a systematic approach to grain marketing . And particularly when there’s a fair amount of volatility in the market, this sort of disciplined, data-driven methodology can help you take some of the emotion out of your marketing decisions. 3. Based on current market conditions, which posture should farmers adopt— or ? Kevin McNew posed this question ( 30:07 ) to his colleagues and fellow panelists halfway through the webinar. All four panelists agreed that the current market outlook suggests farmers are quite likely to find themselves in survival mode in 2020.  That’s not to say, however, that there weren’t a few windows of opportunity they identified. For one, while farmers are generally facing deflation in the market today ( 32:26 ), they might be able to take advantage of inflation a year or two down the road. There was also consensus that, particularly in the current environment, focusing on return on investment ( 32:57 ) by paying attention to each and every line item on your operation is of utmost importance. Want access to more insights like this? This live webinar featured insights that are delivered regularly to members of Market Advisory . With Market Advisory, you'll receive truly tools and reports to support your grain marketing efforts. Get access to market news, straightforward marketing recommendations, basis trend insights and weather reports—all relevant to your operation and geographic location.

Dec 19, 2019

by FBN Network

Our mission at  is to provide transparent information so you can make smart decisions on your farm. When you upload your harvest data each year, you don’t just set benchmarks for yourself. You are helping thousands of other members make informed choices on their operation.  Before the deadline on December 31, 2020, members who upload 2019 harvest data are automatically entered to win a flag and an hoodie! See official rules below. At the end of the 12 Days of Data, we will announce the 12 winners of gear across our social media channels. In the spirit of the season, you can also feel confident that your data will help other farmers in the network make critical decisions for next year. See official rules. We can give you a hand uploading data to your account. Simply contact your account executive or call (844) 200-FARM and we'll walk you through the process. If you've already uploaded the information requested above you're automatically entered in the 12 Days of Data contest. Thanks for helping add strength to the network!

Dec 17, 2019

by Brian Paff

At , we value the strategies you put to work on your farm that take total profitability into account. That's why supply you with data-driven tools like Seed Finder and Savings Finder , deliver input savings through and leverage data from millions of acres to help you analyze both price and performance metrics to maximize your ROI. HeROIc Harvest Awards—Not Your Typical Yield Contest  We're launching our first annual HE C HARVEST AWARDS to recognize farmers in the network who focus on the bigger picture—not "high yields at any cost" but rather all those intelligent decisions along the way that help you optimize performance and increase your profit potential. Recognizing farmers who saw a significant increase in their crop yield in 2019, compared to a two year average of crop year 2017 and 2018.  One National winner and one winner from each state with eligible submissions will be awarded the top prizes. : One-year Subscription to Market Advisory Pro : One-year Subscription to  Market Advisory Solo This award recognizes members whose 2019 corn or soybean yield exceeded the USDA yield average for corn or soybeans in their county.  HE C HARVEST Commemorative Mug and Certificate This award recognizes members who saw the highest return on investment from their corn or soybean seed in the United States in crop year 2019.  FBN will recognize 1st, 2nd and 3rd Place National winners from the U.S. and the top winner from each state with eligible submissions.  Trip for two to the 2020 Commodity Classic Show in San Antonio, Texas HE C HARVEST Commemorative Mug and Award Plaque This award recognizes members who saw the biggest savings on chemical inputs in crop year 2019 over the prior year’s purchase.  will recognize the top 10 winners in the United States.  Coupon good for $500 off a one-time purchase ($5,000 minimum) of any crop protection, adjuvant, biostimulant or fertilizer product(s) through  made between March 1, 2020 and August 31, 2020. 1 1 Coupon code is good for one-time use and will be applied to one cart during the allotted timeframe. Available only where is licensed to sell products. You have until January 7, 2020, to enter your operation in the HE C HARVEST AWARDS, so upload data to your  account now for your chance to win. We can give you a hand uploading data to your account. Simply contact your account executive or call (844) 200-FARM and we'll walk you through the process. If you've already uploaded the information requested above you're automatically entered in the HE C HARVEST AWARDS. Thanks for helping add strength to the network!