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 North America
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.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20220721005316/en/
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.
Source: Corporate release Source: ADM
View source
version on businesswire.com: https://www.businesswire.com/news/home/20220721005316/en/
ADM Jackie Anderson media@adm.com 312-634-8484
FBN Amy Wolfcale awolfcale@farmersbusinessnetwork.com
917-576-8767
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