ADM invests, expands partnership with Farmers Business Network
ADM, a global business in nutrition and agricultural origination and processing, and Farmers Business Network (FBN), a global farmer-to-farmer network and AgTech company, announced that ADM has made an equity investment as part of FBN's latest capital funding raise, and that the companies have signed a letter of intent to expand their existing relationship through a wide range of potential future areas of cooperation.
This partnership combines ADM’s scale and expertise across the global food and agriculture value chain with FBN’s cutting-edge digital farm commerce and data-analytics capabilities to identify opportunities to increase farmer profitability, expand sustainable agricultural practices, and provide farmers unprecedented convenience and product accessibility.