FBN Network

FBN Network


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 07, 2022

by Mark Wilson

FBN came to Australia in 2020 with a mission to democratise information for farmers by providing unbiased analytics and creating competition for farmers’ business. Our goal was, and still is, to connect farmers by using advanced information and doing business in a fundamentally different way.  That’s why you’ll be able to get more farming done, anytime, anywhere when you shop on FBN.com. But what are the benefits of online farming with FBN ? When you shop with FBN you’ll always get: Convenience Potential opportunity to save on crop protection Transparent list pricing That’s what we’ll always offer but when you shop with us but here are four more reasons why you should be shopping on FBN.com: 1. Quality crop protection products FBN Direct® carries a wide range of crop protection products like adjuvants and herbicides as well as crop nutrition products like high uptake nutrients. Our platform also assists you in identifying label required or recommended adjuvant pairings with crop protection products. 2. Transparent list pricing  With transparent list pricing, you’ll get the relevant price information on the inputs you’re buying to make informed decision for your farm.  3. Data analytics FBN was launched as a source of farmer-driven information and data. Our data analytics platform anonymises and aggregates member information to help you make more informed decisions for your operation.  4. Free direct-to-farm delivery Delivery is free on all orders in Australia. You can choose your delivery date and schedule and track your orders. Enjoy the convenience of delivery direct to you, putting more time back in your day. 5. Free membership FBN membership is always free*. As a member, you’ll have access to free tools such as yield prediction, satellite imagery and custom analytics and reports. Tracking your crops throughout the season has never been easier and you’ll always know what’s going on in your paddocks.  “ FBN has more to offer growers than products. The data analytics tool can make such a huge difference to all Australian farmers. FBNs impact is still in its early days in Australia, but over the next 3 years it will make inroads with its data analytics and additional products/services it will introduce to Australia,” says Community Builder Brodie Bridgman .  Sign up to become a free member*.  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. FBN Direct products and services and other products distributed by FBN Direct are offered by Farmers Business Network Australia Pty. Ltd. and are available only where Farmers Business Network Australia Pty Ltd. is licensed and where those products are registered for sale or use, if applicable. Nothing contained on this page, including the prices listed should be construed as an offer for sale, or a sale of products. All products and prices are subject to change at any time and without notice.  Terms and conditions apply. Testimonials are not indicative of future performance or success; results may vary. FBN® merchandise provided in recognition of testimonials. Members were told in advance they might be featured in an ad. *Fees may apply for certain product and service offerings other than FBN membership.


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 FBN’s regional network, the facility will offer local farmers convenient access to faster, even more reliable on-site delivery of essential farm inputs exactly when they need them. FBN Improving Supply Access, Reliability for Canadian Farmers With the launch of our new Saskatoon facility later this year, FBN will have fulfillment centers within 400 kilometers of the vast majority of our more than 6,000 farmer members who represent 20 million acres in Canada. “We are very happy to welcome the Farmers Business Network 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 FBN 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 FBN Canada Country Manager Breen Neeser. Using Data to Proactively Address Potential Supply Shortages  At FBN , 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 data science 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 key market insights , FBN’s 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 FBN . "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 FBN kept key inputs like Glyphosate in stock to serve our members during a shortage this spring.” [Need key supplies for your farm operations? Shop FBN Direct online anywhere, anytime and enjoy the convenience of crop protection products delivered direct to your farm.] Copyright © 2015 - 2022 Farmer’s Business Network Canada, Inc. All rights reserved. The sprout logo, “Farmers Business Network,” “FBN,“, “Farmers First”, “FBN Direct,” “F2F Genetics Network”, “Pro Ag”, and “Professional Ag Distributors” are trademarks, registered trademarks or service marks of Farmer’s Business Network, Inc. or its affiliates.


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 FBN Direct® 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.  FBN’s 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, FBN Australia.  Click here 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 FBN Direct . 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 here to learn more.  New customer rewards New FBN 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 FBN Direct store.  Click here to learn more.  Lock in today Lock in your products today on FBN Direct and take advantage of these tax-saving solutions. 30 June is not far away!  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. FBN Direct products and services and other products distributed by FBN Direct are offered by Farmers Business Network Australia Pty. Ltd. and are available only where Farmers Business Network Australia Pty Ltd. is licensed and where those products are registered for sale or use, if applicable. Nothing contained on this page, including the prices listed should be construed as an offer for sale, or a sale of products. All products and prices are subject to change at any time and without notice.  Terms and conditions apply. ALWAYS READ AND FOLLOW LABEL DIRECTIONS. It is a violation of federal and state/territory law to use any pesticide other than in accordance with its label. The distribution, sale and use of an unregistered chemical product is a violation of federal and/or state/territory law and is strictly prohibited. We do not guarantee the accuracy of any information provided on this page or which is provided by us in any form. It is your responsibility to confirm prior to purchase and use that a product is labeled for your specific purposes, including, but not limited to, your target crop or pest and its compatibility with other products in a tank mix and that the usage of a product is otherwise consistent with federal, state, territory and local laws.  We reserve the right to restrict sales on a geographic basis in our sole discretion. You must be authorised to use restricted chemical products under applicable state or territory law.  Please consult your applicable state or territory authority for complete rules and regulations on the use of restricted chemical products as some products require specific record-keeping requirements. *Where applicable, we provide tax invoices at the time of shipping. Where specific advice is necessary or appropriate, consult with a qualified financial and/or tax advisor in relation to End of Financial Year solutions for your business. Neither Farmer's Business Network Australia PTY LTD nor any of its affiliates make any representations or warranties with respect to any tax savings in relation to the End of Financial Year solutions. GENERAL REQUIREMENTS FBN Member Account Members must have up-to-date tax exemption form on file with FBN Member must have an Australian Business Number (ABN) and registered for Goods and Services Tax (GST) in Australia Signed Master Distribution Agreement (MDA) and 2022 Annual Program Terms (APT) Returns, swaps & exchanges are not permitted for products containing glyphosate and glufosinate Payment made by EFT, cheque or credit card. 0% CLUB REQUIREMENTS Members must make purchases from the approved categories totalling $60,000 or more by June 30, 2022. Qualifying purchases may include shipping or delivery fees, but must result in a net total of $60,000 after applying any discounts or credits. Financing terms and conditions apply.  0% CLUB  QUALIFYING LOCATIONS Input financing is available to FBN® members where FBN Input Finance is licensed to offer input financing, which includes the following states: New South Wales, Northern Territory, Queensland, South Australia, Victoria, Western Australia CASH DISCOUNT QUALIFYING LOCATIONS This includes the following states: New South Wales, Northern Territory, Queensland, South Australia, Victoria, Western Australia, Tasmania. Product must be purchased within the program period, February 13, 2022 - June 30, 2022. NEW CUSTOMER OFFER One (1) Use Per Enterprise Members must have up-to-date tax exemption form on file with FBN Must be a New Customer of FBN Direct®. To qualify as a "new customer," the member must be a new farm enterprise purchasing inputs from FBN Direct for the first time and not an existing FBN Direct customer creating a new account under the same farm enterprise to purchase, or one who has already purchased from FBN Direct at any time in the past.   A minimum $15,000 order size is required to qualify for each order Product must be purchased within the program period, May 1, 2022 - August 30, 2022  Can be combined with other offers Payment made by EFT, cheque or credit card


Apr 14, 2022

by Mark Wilson

With the release of the State of Agriculture report 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 FBN 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 FBN 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 get your free copy today. Members can access this report and more in the Reports section of the FBN app. Disclaimer : The views and opinions are solely those of the author as of the date of publication, are subject to change at any time due to market or economic conditions, will not be updated or supplemented after the date hereof and may not necessarily come to pass. The views and opinions expressed herein do not reflect those of all personnel at FBN BR LLC (FBN) or the views of the Farmer's Business Network Inc. as a whole.Neither Farmer's Business Network, Inc. nor any of its affiliates makes any representations or warranties, express or implied, as to the accuracy or completeness of the statements or any information contained in the material and any liability therefore is expressly disclaimed. FBN Market Advisory services are offered by FBN BR LLC, dba FBN Brokerage and FBN Market Advisory - NFA ID: 0508695. Commodity trading, including futures, hedging and speculating, involves substantial risk of loss and may not be suitable for everyone. Past performance is not necessarily indicative of future results. 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.


Mar 17, 2022

by FBN Network

At FBN , 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 FBN – 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 FBN 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. Copyright © 2014 - 2022 Farmer's Business Network, Inc. All rights Reserved. The sprout logo, Farmers First flag logo, "Farmers Business Network," "FBN," and "Farmers First" are registered trademarks of Farmer's Business Network, Inc. or its affiliates. All other trademarks are the property of their respective owners. Terms and conditions apply.


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. This report 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 get your free copy today. Members can access this report and more in the Reports section of the FBN app. Disclaimer: The material provided is for educational purposes only. It is not intended to be a substitute for specific individualized tax, business, legal, investment or professional advice. Where specific advice is necessary or appropriate, consult with a qualified tax advisor, CPA, financial planner, or investment manager. Neither Farmer's Business Network, Inc. nor any of its affiliates makes any representations or warranties, express or implied, as to the accuracy or completeness of the statements or any information contained in the material and any liability therefore is expressly disclaimed. FBN Market Advisory services are offered by FBN BR LLC, dba FBN Brokerage and FBN Market Advisory - NFA ID: 0508695. The risk of trading futures and options can be substantial and may not be suitable for all investors. Trading should only be done with true risk capital. We do not guarantee customers will receive specific benefits or value from participating in FBN BR LLC; results will vary. Past performance is not necessarily indicative of future results.  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


Nov 18, 2021

by FBN Network

Today we're proud to announce two major milestones at  FBN , 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,  FBN  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 FBN : 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  FBN  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  FBN Direct®  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: FBN Financial Get the funding you need to grow your farm, whether that means land, operations, or equipment. By working with FBN 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. Click here to find out 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 FBN 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 FBN 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  FBN  Global Team Watch Now: Putting Farmers First® at FBN Copyright © 2014 - 2021 Farmer's Business Network, Inc. All rights Reserved. The sprout logo, “Farmers Business Network”, “FBN”, “FBN Direct” and "F2F Genetics Network" are trademarks or registered trademarks of Farmer's Business Network, Inc. Products sold or distributed through FBN Direct are offered by FBN Inputs, LLC and are available only in states where FBN Inputs, LLC is licensed and where those products are registered for sale or use, if applicable. Please check with your local extension service to ensure registration status. FBN Direct pharmacy products and services are offered by FBN Pharmacy LLC and are available only in states where FBN Pharmacy LLC is licensed. Terms and conditions apply. Financing offered by FBN Finance, LLC and its lending partners. Terms and conditions apply. To qualify, a borrower must be a member of Farmer’s Business Network, Inc. and meet all underwriting requirements. Interest rates and fees will vary depending on your individual situation. Not all applicants will qualify. Gradable Financial Services are offered by Gradable's affiliate Gradable Financial Services – NFA ID: 0439097. Commodity trading, including futures, hedging and speculating, involves substantial risk of loss and may not be suitable for all investors. Past performance is not necessarily indicative of future results.


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 Farmers Business Network℠ 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 FBN . “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.  “ FBN 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 FBN 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 FBN 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 Farmers Business Network℠ , 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— survive or thrive ? 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 FBN Market Advisory . With FBN Market Advisory, you'll receive truly personalized 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. FBN Market Advisory services are offered by FBN BR LLC, dba FBN Brokerage, FBN Market Advisory and FBN Advisory NFA ID: 0508695.   Disclaimer: The risk of trading futures and options can be substantial and may not be suitable for all investors. All information, publications, and reports, including this specific material, used and distributed by FBN Market Advisory shall be construed as a solicitation. FBN Market Advisory does not distribute research reports, employ research analysts, or maintain a research department as defined in CFTC Regulation 1.71. Past performance is not necessarily indicative of future results. Trading should only be done with true risk capital. We do not guarantee customers will receive specific benefits or value from participating in FBN Market Advisory; results will vary.  FBN Crop Marketing is offered by FBN CM LLC and is only available where FBN CM LLC is licensed. We do not guarantee customers will receive specific benefits or value from participating in FBN Crop Marketing; results will vary. FBN Crop Marketing offerings involve risks, including the risk that market conditions deteriorate, resulting in contract participants receiving a lower price for their grain than had they not participated.