ADM, Farmers Business Network to Expand Sustainable AgTech Platform
Companies will work together to offer FBN's Gradable
® – a comprehensive digital platform offering farm business management and sustainability data collection solutions – to 55,000 producers across
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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
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,
- 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
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." -
"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." -
About FBN’s Gradable Platform
The Gradable platform was launched by Farmers Business Network (FBN) in
To learn more, visit www.gradable.com
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
To learn more, visit: www.fbn.com.
Source: Farmers Business Network